NB Bancorp (NASDAQ:NBBK) Shares Gap Down - What's Next?

NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $16.65, but opened at $15.75. NB Bancorp shares last traded at $15.61, with a volume of 212,829 shares changing hands.

NB Bancorp Stock Down 3.5%

The stock has a market capitalization of $651.96 million, a price-to-earnings ratio of 15.02 and a beta of 0.41. The business has a fifty day moving average of $16.87 and a 200 day moving average of $18.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. The firm had revenue of $47.39 million for the quarter, compared to analysts' expectations of $44.50 million. As a group, equities analysts predict that NB Bancorp, Inc. will post 1.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Francis Orfanello acquired 5,000 shares of NB Bancorp stock in a transaction dated Tuesday, April 29th. The shares were acquired at an average cost of $17.09 per share, for a total transaction of $85,450.00. Following the completion of the purchase, the director now owns 130,237 shares in the company, valued at approximately $2,225,750.33. The trade was a 3.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph P. Campanelli acquired 2,000 shares of NB Bancorp stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the purchase, the chief executive officer now owns 55,000 shares of the company's stock, valued at approximately $976,250. This represents a 3.77% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 7,500 shares of company stock worth $130,320 over the last ninety days. Corporate insiders own 1.90% of the company's stock.

Institutional Trading of NB Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in NB Bancorp in the first quarter valued at $26,000. Tower Research Capital LLC TRC grew its holdings in shares of NB Bancorp by 87.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company's stock worth $80,000 after buying an additional 2,073 shares during the last quarter. GAMMA Investing LLC boosted its holdings in NB Bancorp by 1,720.1% in the 1st quarter. GAMMA Investing LLC now owns 4,987 shares of the company's stock valued at $90,000 after purchasing an additional 4,713 shares in the last quarter. Quantbot Technologies LP boosted its holdings in NB Bancorp by 375.5% in the 4th quarter. Quantbot Technologies LP now owns 6,191 shares of the company's stock valued at $112,000 after purchasing an additional 4,889 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in NB Bancorp in the 4th quarter valued at approximately $128,000.

About NB Bancorp

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.