Stieven Capital Advisors L.P. Trims Stake in NB Bancorp, Inc. (NASDAQ:NBBK)

Stieven Capital Advisors L.P. lessened its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 21.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 197,043 shares of the company’s stock after selling 52,499 shares during the period. Stieven Capital Advisors L.P.’s holdings in NB Bancorp were worth $3,559,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of NB Bancorp during the 3rd quarter valued at about $6,129,000. Wellington Management Group LLP lifted its holdings 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 purchasing an additional 290,818 shares in the last quarter. FMR LLC boosted its position in shares of NB Bancorp by 17,265.9% in the third quarter. FMR LLC now owns 230,445 shares of the company’s stock worth $4,277,000 after purchasing an additional 229,118 shares during the period. State Street Corp increased its stake in shares of NB Bancorp by 16.5% in the third quarter. State Street Corp now owns 994,380 shares of the company’s stock worth $18,456,000 after purchasing an additional 140,960 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of NB Bancorp by 1,756.0% during the 3rd quarter. International Assets Investment Management LLC now owns 128,064 shares of the company’s stock valued at $2,377,000 after purchasing an additional 121,164 shares during the period.

NB Bancorp Stock Down 0.2 %

Shares of NBBK opened at $19.28 on Friday. The business’s 50 day moving average is $18.68 and its 200 day moving average is $18.69. 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 12-month low of $13.26 and a 12-month high of $21.05. The company has a market capitalization of $823.45 million, a PE ratio of 18.02 and a beta of 0.12.

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

Analysts Set New Price Targets

Separately, Piper Sandler upped their target price on shares of NB Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st.

Insider Activity

In other NB Bancorp news, Director Hope Pascucci purchased 40,000 shares of NB Bancorp stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of $18.53 per share, for a total transaction of $741,200.00. Following the completion of the transaction, the director now owns 40,075 shares of the company’s stock, valued at approximately $742,589.75. This trade represents a 53,333.33 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.70% of the company’s stock.

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.