NB Bancorp, Inc. Declares Quarterly Dividend of $0.07 (NASDAQ:NBBK)

NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) declared a quarterly dividend on Wednesday, July 23rd, RTT News reports. Stockholders of record on Wednesday, August 6th will be paid a dividend of 0.07 per share on Wednesday, August 20th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, August 6th.

NB Bancorp Stock Performance

NASDAQ NBBK traded down $0.33 during trading hours on Friday, hitting $18.46. The company's stock had a trading volume of 268,922 shares, compared to its average volume of 307,946. NB Bancorp has a 12 month low of $15.09 and a 12 month high of $21.05. The company's 50 day simple moving average is $17.50 and its two-hundred day simple moving average is $17.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $748.92 million, a P/E ratio of 13.88 and a beta of 0.46.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. NB Bancorp had a return on equity of 7.34% and a net margin of 15.86%. The company had revenue of $51.19 million during the quarter. As a group, sell-side analysts expect that NB Bancorp will post 1.39 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price target on NB Bancorp from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday.

Insider Buying and Selling at NB Bancorp

In other news, Director Francis Orfanello bought 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average cost of $17.09 per share, for a total transaction of $85,450.00. Following the completion of the transaction, the director owned 130,237 shares of the company's stock, valued at approximately $2,225,750.33. This represents a 3.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought a total of 6,500 shares of company stock worth $110,935 in the last ninety days. Company insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On NB Bancorp

A number of hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC purchased a new stake in NB Bancorp in the 1st quarter valued at about $253,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of NB Bancorp by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,127 shares of the company's stock valued at $418,000 after buying an additional 975 shares during the period. Jane Street Group LLC lifted its stake in NB Bancorp by 54.3% in the first quarter. Jane Street Group LLC now owns 54,613 shares of the company's stock worth $987,000 after acquiring an additional 19,213 shares during the period. Finally, Millennium Management LLC lifted its position in shares of NB Bancorp by 13.1% in the 1st quarter. Millennium Management LLC now owns 253,543 shares of the company's stock worth $4,582,000 after purchasing an additional 29,373 shares during the period.

NB Bancorp Company Profile

NB Bancorp, Inc focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in Greater Boston metropolitan area and surrounding communities in Massachusetts, eastern Connecticut, southern New Hampshire, and Rhode Island. The company offers various deposits, including certificate of deposit, individual retirement, money market, savings, NOW, demand deposit, and interest-bearing and noninterest-bearing checking accounts; and commercial real estate and multifamily, one- to four-family residential real estate, construction and land development, commercial and industrial, and consumer loans, as well as home equity loans and lines of credit.