Schonfeld Strategic Advisors LLC purchased a new position in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,400 shares of the company's stock, valued at approximately $260,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MetLife Investment Management LLC grew its position in shares of NB Bancorp by 5.6% during the 4th quarter. MetLife Investment Management LLC now owns 24,251 shares of the company's stock valued at $438,000 after acquiring an additional 1,293 shares during the period. Invesco Ltd. grew its position in shares of NB Bancorp by 8.0% during the 4th quarter. Invesco Ltd. now owns 19,481 shares of the company's stock valued at $352,000 after acquiring an additional 1,446 shares during the period. Tower Research Capital LLC TRC grew its position in shares of NB Bancorp by 87.8% during 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 during the period. Price T Rowe Associates Inc. MD lifted its stake in NB Bancorp by 18.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,032 shares of the company's stock valued at $272,000 after buying an additional 2,297 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in NB Bancorp by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company's stock valued at $5,769,000 after buying an additional 4,138 shares in the last quarter.
NB Bancorp Price Performance
NBBK traded down $0.20 during trading on Friday, reaching $17.56. The company's stock had a trading volume of 146,290 shares, compared to its average volume of 255,253. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $17.39 and a two-hundred day simple moving average of $18.50. NB Bancorp, Inc. has a 1 year low of $14.20 and a 1 year high of $21.05. The company has a market cap of $712.41 million, a price-to-earnings ratio of 16.41 and a beta of 0.57.
NB Bancorp (NASDAQ:NBBK - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.35. The business had revenue of $47.39 million during the quarter, compared to the consensus estimate of $44.50 million. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. As a group, analysts anticipate that NB Bancorp, Inc. will post 1.39 EPS for the current year.
Insider Transactions at NB Bancorp
In other news, CEO Joseph P. Campanelli bought 2,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $17.75 per share, with a total value of $35,500.00. Following the completion of the transaction, the chief executive officer now directly owns 55,000 shares in the company, valued at $976,250. This trade represents a 3.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Francis Orfanello purchased 5,000 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was acquired at an average price of $17.09 per share, with a total value of $85,450.00. Following the purchase, the director now owns 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 disclosure for this purchase can be found here. Insiders bought 7,500 shares of company stock worth $130,320 in the last 90 days. Insiders own 1.90% of the company's stock.
About NB Bancorp
(
Free Report)
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.
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