NB Bancorp, Inc. (NASDAQ:NBBK) Position Reduced by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL cut its holdings in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 51.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,480 shares of the company's stock after selling 27,124 shares during the quarter. Tudor Investment Corp ET AL owned 0.06% of NB Bancorp worth $460,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NBBK. Barclays PLC raised its holdings in shares of NB Bancorp by 73.0% in the 3rd quarter. Barclays PLC now owns 81,114 shares of the company's stock valued at $1,506,000 after purchasing an additional 34,235 shares in the last quarter. JPMorgan Chase & Co. grew its position in NB Bancorp by 119.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 199,804 shares of the company's stock worth $3,708,000 after purchasing an additional 108,774 shares during the last quarter. Hennessy Advisors Inc. grew its position in NB Bancorp by 24.2% during the 4th quarter. Hennessy Advisors Inc. now owns 205,000 shares of the company's stock worth $3,702,000 after purchasing an additional 40,000 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of NB Bancorp by 44.4% in the fourth quarter. Rhumbline Advisers now owns 77,677 shares of the company's stock valued at $1,403,000 after acquiring an additional 23,870 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of NB Bancorp by 7.9% in the fourth quarter. Bank of New York Mellon Corp now owns 101,629 shares of the company's stock valued at $1,835,000 after acquiring an additional 7,408 shares in the last quarter.

Insiders Place Their Bets

In related news, CEO Joseph P. Campanelli purchased 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased 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 owns 55,000 shares of the company's stock, valued at approximately $976,250. This trade represents a 3.77% increase in their position. The purchase was disclosed in a document filed 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 that occurred on Tuesday, April 29th. The shares were bought at an average cost of $17.09 per share, with a total value of $85,450.00. Following the transaction, the director now directly owns 130,237 shares of the company's stock, valued at $2,225,750.33. The trade was a 3.99% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 7,500 shares of company stock worth $130,320. Insiders own 1.90% of the company's stock.

NB Bancorp Stock Performance

Shares of NASDAQ:NBBK traded up $0.35 during midday trading on Monday, hitting $17.78. The stock had a trading volume of 170,967 shares, compared to its average volume of 258,181. The company has a market capitalization of $743.97 million, a PE ratio of 16.62 and a beta of 0.57. The stock has a 50 day moving average price of $17.44 and a two-hundred day moving average price of $18.52. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. NB Bancorp, Inc. has a 1 year low of $14.20 and a 1 year high of $21.05.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last issued its 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 net margin of 13.86% and a return on equity of 6.04%. The business had revenue of $47.39 million for the quarter, compared to the consensus estimate of $44.50 million. As a group, equities analysts predict that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

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.