NB Bancorp (NASDAQ:NBBK) CEO Purchases $103,850.00 in Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph Campanelli bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $20.77 per share, with a total value of $103,850.00. Following the completion of the acquisition, the chief executive officer directly owned 47,000 shares in the company, valued at $976,190. This trade represents a 11.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NB Bancorp Price Performance

Shares of NB Bancorp stock opened at $20.92 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.08 and a quick ratio of 1.06. The business’s 50 day simple moving average is $21.09 and its two-hundred day simple moving average is $19.68. The stock has a market capitalization of $953.95 million, a P/E ratio of 15.61 and a beta of 0.34. NB Bancorp, Inc. has a one year low of $15.09 and a one year high of $22.70.

NB Bancorp (NASDAQ:NBBK) last released its quarterly earnings data on Thursday, January 22nd. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.71. NB Bancorp had a return on equity of 8.58% and a net margin of 14.30%.The firm had revenue of $63.36 million during the quarter, compared to analyst estimates of $75.75 million. Analysts forecast that NB Bancorp, Inc. will post 1.39 EPS for the current year.

NB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. NB Bancorp’s dividend payout ratio (DPR) is 20.90%.

Institutional Trading of NB Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AltraVue Capital LLC bought a new stake in NB Bancorp during the 4th quarter valued at approximately $13,735,000. Tieton Capital Management LLC bought a new stake in shares of NB Bancorp during the fourth quarter valued at approximately $10,404,000. Vanguard Group Inc. grew its stake in NB Bancorp by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 2,301,034 shares of the company’s stock worth $45,606,000 after purchasing an additional 350,899 shares during the period. Dimensional Fund Advisors LP purchased a new position in NB Bancorp during the 4th quarter valued at about $5,709,000. Finally, UBS Group AG boosted its stake in NB Bancorp by 264.4% in the 3rd quarter. UBS Group AG now owns 378,353 shares of the company’s stock worth $6,678,000 after purchasing an additional 274,511 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on NBBK shares. Zacks Research downgraded shares of NB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Piper Sandler restated an “overweight” rating and set a $23.00 price target (up from $22.00) on shares of NB Bancorp in a report on Thursday, November 20th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, NB Bancorp currently has a consensus rating of “Hold” and a consensus price target of $23.00.

NB Bancorp Company Profile

NB Bancorp, Inc (NASDAQ: NBBK) is the bank holding company for NB Bank, N.A., a full-service community bank headquartered in Newburyport, Massachusetts. Through a network of branches across Northeast Massachusetts and southern New Hampshire, the company offers deposit and lending services tailored to individuals and small- to medium-sized businesses.

The company’s core product lineup includes checking and savings accounts, money market deposits and certificates of deposit, along with residential mortgage loans, home equity lines of credit and commercial lending solutions.