Barclays PLC Cuts Stock Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Barclays PLC decreased its holdings in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,444 shares of the company’s stock after selling 3,670 shares during the period. Barclays PLC owned about 0.18% of NB Bancorp worth $1,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP lifted its holdings in NB Bancorp by 375.5% during the fourth quarter. Quantbot Technologies LP now owns 6,191 shares of the company’s stock valued at $112,000 after purchasing an additional 4,889 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of NB Bancorp during the fourth quarter worth about $128,000. Federated Hermes Inc. raised its position in shares of NB Bancorp by 324.2% during the 4th quarter. Federated Hermes Inc. now owns 9,711 shares of the company’s stock worth $175,000 after purchasing an additional 7,422 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in NB Bancorp by 47.4% in the 4th 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 in the last quarter. Finally, Sei Investments Co. boosted its holdings in NB Bancorp by 34.5% in the 4th quarter. Sei Investments Co. now owns 19,103 shares of the company’s stock worth $345,000 after buying an additional 4,900 shares during the last quarter.

Insider Transactions at NB Bancorp

In related news, CEO Joseph P. Campanelli purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $17.75 per share, with a total value of $35,500.00. Following the completion of the acquisition, the chief executive officer now owns 55,000 shares in the company, valued at $976,250. This trade represents a 3.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Francis Orfanello bought 5,000 shares of the company’s stock in a transaction on Tuesday, April 29th. The stock was bought at an average price of $17.09 per share, with a total value of $85,450.00. Following the completion of the acquisition, the director now owns 130,237 shares in the company, valued at $2,225,750.33. This represents a 3.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 7,500 shares of company stock valued at $130,320. Corporate insiders own 1.90% of the company’s stock.

NB Bancorp Price Performance

NASDAQ:NBBK opened at $17.46 on Friday. The firm has a market cap of $730.58 million, a P/E ratio of 16.32 and a beta of 0.57. The stock has a 50 day moving average of $17.61 and a two-hundred day moving average of $18.56. NB Bancorp, Inc. has a 12 month low of $14.20 and a 12 month high of $21.05. 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 (NASDAQ:NBBK) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. The firm had revenue of $47.39 million during the quarter, compared to the consensus estimate of $44.50 million. On average, analysts expect that NB Bancorp, Inc. will post 1.39 earnings per share 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.