NB Bancorp, Inc. (NASDAQ:NBBK) Stock Holdings Reduced by Pertento Partners LLP

Pertento Partners LLP cut its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 16.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,978,903 shares of the company’s stock after selling 376,840 shares during the period. NB Bancorp accounts for about 3.0% of Pertento Partners LLP’s investment portfolio, making the stock its 16th largest position. Pertento Partners LLP owned approximately 4.63% of NB Bancorp worth $35,739,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP raised its position in NB Bancorp by 24.2% during the third quarter. Wellington Management Group LLP now owns 1,493,601 shares of the company’s stock valued at $27,721,000 after acquiring an additional 290,818 shares in the last quarter. State Street Corp raised its holdings in shares of NB Bancorp by 16.5% during the 3rd quarter. State Street Corp now owns 994,380 shares of the company’s stock valued at $18,456,000 after purchasing an additional 140,960 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of NB Bancorp by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 885,243 shares of the company’s stock valued at $16,433,000 after purchasing an additional 16,270 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in NB Bancorp in the third quarter worth $6,129,000. Finally, Charles Schwab Investment Management Inc. increased its position in NB Bancorp by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company’s stock worth $5,769,000 after buying an additional 4,138 shares during the last quarter.

Insider Buying and Selling

In other news, Director Hope Pascucci bought 40,000 shares of the business’s stock in a transaction on Friday, January 24th. The stock was purchased at an average price of $18.53 per share, with a total value of $741,200.00. Following the transaction, the director now directly owns 40,075 shares in the company, valued at approximately $742,589.75. The trade was a 53,333.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joseph P. Campanelli purchased 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost 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 of the company’s stock, valued at $976,250. The trade was a 3.77 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 43,400 shares of company stock valued at $803,035. Company insiders own 1.90% of the company’s stock.

NB Bancorp Price Performance

NASDAQ NBBK opened at $18.79 on Friday. The firm has a market cap of $786.23 million, a P/E ratio of 17.56 and a beta of 0.16. The stock’s 50-day moving average is $18.84 and its two-hundred day moving average is $18.83. NB Bancorp, Inc. has a fifty-two week low of $13.26 and a fifty-two week high of $21.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10.

NB Bancorp (NASDAQ:NBBK) last posted its earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. On average, analysts anticipate that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

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.