Sei Investments Co. Has $345,000 Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Sei Investments Co. boosted its holdings in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 34.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,103 shares of the company’s stock after buying an additional 4,900 shares during the period. Sei Investments Co.’s holdings in NB Bancorp were worth $345,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NBBK. Quarry LP acquired a new stake in shares of NB Bancorp in the 3rd quarter worth about $33,000. Charles Schwab Investment Management Inc. raised its stake in shares of NB Bancorp by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 315,298 shares of the company’s stock worth $5,852,000 after purchasing an additional 3,611 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 purchasing an additional 4,889 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of NB Bancorp by 47.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,797 shares of the company’s stock valued at $339,000 after buying an additional 6,047 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of NB Bancorp by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 101,629 shares of the company’s stock valued at $1,835,000 after buying an additional 7,408 shares during the last quarter.

NB Bancorp Trading Down 4.3 %

NASDAQ NBBK opened at $15.91 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $665.72 million, a P/E ratio of 14.87 and a beta of 0.50. The business has a fifty day simple moving average of $18.40 and a 200 day simple moving average of $18.71. NB Bancorp, Inc. has a 12 month low of $13.26 and a 12 month high of $21.05.

NB Bancorp (NASDAQ:NBBK) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share 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, analysts predict that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other NB Bancorp news, Director Hope Pascucci purchased 40,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average cost of $18.53 per share, for a total transaction of $741,200.00. Following the completion of the acquisition, the director now owns 40,075 shares of the company’s stock, valued at $742,589.75. The trade was a 53,333.33 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph P. Campanelli acquired 2,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 55,000 shares of the company’s stock, valued at approximately $976,250. The trade was a 3.77 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 43,400 shares of company stock valued at $803,035 in the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

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.