NB Bancorp, Inc. (NASDAQ:NBBK) EVP Buys $16,290.00 in Stock

NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) EVP Paul A. Evangelista purchased 1,000 shares of the company's stock in a transaction dated Monday, June 9th. The shares were bought at an average price of $16.29 per share, for a total transaction of $16,290.00. Following the completion of the transaction, the executive vice president now directly owns 24,066 shares in the company, valued at approximately $392,035.14. This trade represents a 4.34% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

NB Bancorp Price Performance

NASDAQ:NBBK traded down $0.02 during mid-day trading on Thursday, reaching $16.62. 158,866 shares of the stock were exchanged, compared to its average volume of 262,637. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average price of $16.86 and a 200 day moving average price of $18.12. NB Bancorp, Inc. has a 1-year low of $14.20 and a 1-year high of $21.05. The firm has a market capitalization of $674.27 million, a PE ratio of 15.53 and a beta of 0.41.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NBBK. Quarry LP acquired a new stake in shares of NB Bancorp in the first quarter worth about $26,000. Tower Research Capital LLC TRC raised its stake in shares of NB Bancorp by 87.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company's stock valued at $80,000 after acquiring an additional 2,073 shares in the last quarter. GAMMA Investing LLC lifted 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 worth $90,000 after purchasing an additional 4,713 shares during the last quarter. Quantbot Technologies LP lifted 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 worth $112,000 after purchasing an additional 4,889 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in NB Bancorp during the fourth quarter worth approximately $128,000.

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.