NB Bancorp, Inc. (NASDAQ:NBBK) CEO Buys $35,500.00 in Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph P. Campanelli bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the chief executive officer now owns 55,000 shares in the company, valued at $976,250. This represents a 3.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

NB Bancorp Price Performance

NASDAQ:NBBK opened at $18.57 on Friday. The firm has a market cap of $777.02 million, a PE ratio of 17.36 and a beta of 0.16. NB Bancorp, Inc. has a 12 month low of $13.26 and a 12 month high of $21.05. 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 company’s 50-day moving average price is $18.55 and its two-hundred day moving average price is $18.81.

NB Bancorp (NASDAQ:NBBK) 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, equities analysts anticipate that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

Hedge Funds Weigh In On NB Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Resources Management Corp CT ADV acquired a new position in NB Bancorp in the third quarter valued at about $28,000. Quarry LP bought a new position in shares of NB Bancorp in the third quarter worth about $33,000. Tower Research Capital LLC TRC raised its stake in shares of NB Bancorp by 87.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company’s stock worth $80,000 after acquiring an additional 2,073 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of NB Bancorp by 375.5% in the fourth quarter. Quantbot Technologies LP now owns 6,191 shares of the company’s stock worth $112,000 after acquiring an additional 4,889 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of NB Bancorp in the fourth quarter worth about $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.