Geode Capital Management LLC Sells 4,544 Shares of NB Bancorp, Inc. (NASDAQ:NBBK)

Geode Capital Management LLC decreased its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 880,699 shares of the company’s stock after selling 4,544 shares during the quarter. Geode Capital Management LLC owned 2.06% of NB Bancorp worth $15,909,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in NB Bancorp by 16.5% in the third quarter. State Street Corp now owns 994,380 shares of the company’s stock valued at $18,456,000 after buying an additional 140,960 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of NB Bancorp by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company’s stock valued at $5,769,000 after purchasing an additional 4,138 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of NB Bancorp by 23.9% in the 4th quarter. JPMorgan Chase & Co. now owns 247,482 shares of the company’s stock valued at $4,470,000 after purchasing an additional 47,678 shares in the last quarter. Hennessy Advisors Inc. grew its holdings in shares of NB Bancorp by 24.2% during the 4th quarter. Hennessy Advisors Inc. now owns 205,000 shares of the company’s stock valued at $3,702,000 after purchasing an additional 40,000 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in NB Bancorp by 23.4% in the 4th quarter. Victory Capital Management Inc. now owns 118,119 shares of the company’s stock valued at $2,133,000 after purchasing an additional 22,366 shares during the last quarter.

Insider Buying and Selling

In other NB Bancorp news, Director Hope Pascucci purchased 40,000 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average cost of $18.53 per share, with a total value of $741,200.00. Following the completion of the transaction, 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 SEC, which is accessible through this link. Also, CEO Joseph P. Campanelli bought 2,000 shares of NB Bancorp stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $17.75 per share, with a total value of $35,500.00. Following the purchase, the chief executive officer now directly owns 55,000 shares of the company’s stock, valued at approximately $976,250. This represents a 3.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 43,400 shares of company stock valued at $803,035 over the last 90 days. Company insiders own 1.90% of the company’s stock.

NB Bancorp Stock Performance

NASDAQ NBBK opened at $16.41 on Monday. The firm’s fifty day moving average price is $18.04 and its two-hundred day moving average price is $18.64. The stock has a market cap of $686.64 million, a PE ratio of 15.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10. NB Bancorp, Inc. has a fifty-two week low of $13.64 and a fifty-two week high of $21.05.

NB Bancorp (NASDAQ:NBBK) last posted its earnings results on Wednesday, January 22nd. The company reported $0.34 EPS for the quarter, topping 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%. On average, equities analysts expect that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

NB Bancorp 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.