Salvatore J. Rinaldi Acquires 6,900 Shares of NB Bancorp, Inc. (NASDAQ:NBBK) Stock

NB Bancorp, Inc. (NASDAQ:NBBK) COO Salvatore J. Rinaldi acquired 6,900 shares of the stock in a transaction dated Monday, April 29th. The shares were bought at an average price of $14.50 per share, with a total value of $100,050.00. Following the completion of the transaction, the chief operating officer now directly owns 21,319 shares of the company’s stock, valued at $309,125.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NB Bancorp Price Performance

Shares of NASDAQ NBBK opened at $14.61 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.37. NB Bancorp, Inc. has a twelve month low of $13.10 and a twelve month high of $14.85. The business’s fifty day moving average price is $13.81.

NB Bancorp (NASDAQ:NBBK) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.06. The business had revenue of $42.13 million during the quarter, compared to the consensus estimate of $38.30 million. As a group, research analysts anticipate that NB Bancorp, Inc. will post 0.91 EPS for the current fiscal year.

Hedge Funds Weigh In On NB Bancorp

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new stake in shares of NB Bancorp in the 1st quarter valued at $85,000. Gray Private Wealth LLC bought a new stake in NB Bancorp in the first quarter valued at $145,000. Janney Montgomery Scott LLC acquired a new position in shares of NB Bancorp during the first quarter valued at about $273,000. Barry Investment Advisors LLC bought a new position in shares of NB Bancorp during the 1st quarter worth about $273,000. Finally, Oppenheimer & Close LLC acquired a new stake in shares of NB Bancorp in the 4th quarter valued at about $915,000.

Analysts Set New Price Targets

Separately, Piper Sandler initiated coverage on shares of NB Bancorp in a research report on Tuesday, April 9th. They set an “overweight” rating and a $17.00 target price for the company.

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.