Short Interest in NB Bancorp, Inc. (NASDAQ:NBBK) Decreases By 17.2%

NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,010,000 shares, a decline of 17.2% from the March 31st total of 1,220,000 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 253,300 shares, the days-to-cover ratio is currently 4.0 days.

NB Bancorp Price Performance

Shares of NASDAQ NBBK opened at $17.13 on Friday. 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 fifty-two week low of $14.20 and a fifty-two week high of $21.05. The stock has a market cap of $716.77 million, a PE ratio of 16.01 and a beta of 0.50. The stock has a fifty day moving average of $17.64 and a 200-day moving average of $18.57.

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 for the quarter, meeting the consensus estimate 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. Equities research analysts anticipate that NB Bancorp will post 1.39 earnings per share for the current year.

Insider Buying and Selling at NB Bancorp

In other NB Bancorp news, Director Francis Orfanello acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was bought at an average cost of $17.09 per share, with a total value of $85,450.00. Following the acquisition, the director now owns 130,237 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO Joseph P. Campanelli bought 2,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the acquisition, the chief executive officer now directly owns 55,000 shares in the company, valued at approximately $976,250. This trade represents a 3.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 7,500 shares of company stock worth $130,320 over the last ninety days. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Aviance Capital Partners LLC purchased a new stake in shares of NB Bancorp in the first quarter worth $646,000. International Assets Investment Management LLC bought a new stake in shares of NB Bancorp during the 1st quarter valued at about $987,000. SummerHaven Investment Management LLC raised its stake in NB Bancorp by 1.5% in the first quarter. SummerHaven Investment Management LLC now owns 49,977 shares of the company's stock valued at $903,000 after purchasing an additional 751 shares in the last quarter. Northeast Investment Management bought a new position in shares of NB Bancorp in the 1st quarter worth $217,000. Finally, Investment Advisory Group LLC purchased a new stake in shares of NB Bancorp during the 1st quarter valued at $361,000.

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.

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