NB Bancorp (NBBK) to Release Earnings on Wednesday

NB Bancorp (NASDAQ:NBBK - Get Free Report) is expected to be announcing its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.35 per share for the quarter.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. On average, analysts expect NB Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NB Bancorp Price Performance

Shares of NASDAQ NBBK traded up $0.05 during mid-day trading on Friday, hitting $16.41. 216,038 shares of the stock were exchanged, compared to its average volume of 267,686. The stock's fifty day simple moving average is $18.04 and its two-hundred day simple moving average is $18.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10. NB Bancorp has a twelve month low of $13.64 and a twelve month high of $21.05. The company has a market cap of $686.64 million, a P/E ratio of 15.34 and a beta of 0.50.

Insider Transactions at NB Bancorp

In other news, CEO Joseph P. Campanelli bought 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $17.75 per share, with a total value of $35,500.00. Following 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hope Pascucci purchased 40,000 shares of the business's stock in a transaction dated Friday, January 24th. The shares were purchased at an average cost of $18.53 per share, for a total transaction of $741,200.00. Following the purchase, the director now directly owns 40,075 shares of the company's stock, valued at $742,589.75. This trade represents a 53,333.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 43,400 shares of company stock worth $803,035. Insiders own 1.90% of the company's stock.

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.