Northern Trust Corp Acquires 15,985 Shares of NB Bancorp, Inc. (NASDAQ:NBBK)

Northern Trust Corp lifted its position in NB Bancorp, Inc. (NASDAQ:NBBK) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 358,539 shares of the company’s stock after buying an additional 15,985 shares during the period. Northern Trust Corp owned approximately 0.84% of NB Bancorp worth $6,475,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings 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 acquiring an additional 4,138 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of NB Bancorp by 23.9% in the fourth 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 during the period. Renaissance Technologies LLC boosted its stake in NB Bancorp by 117.2% during the fourth quarter. Renaissance Technologies LLC now owns 165,500 shares of the company’s stock worth $2,989,000 after buying an additional 89,300 shares during the period. Victory Capital Management Inc. boosted its stake in NB Bancorp by 23.4% during the fourth quarter. Victory Capital Management Inc. now owns 118,119 shares of the company’s stock worth $2,133,000 after buying an additional 22,366 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of NB Bancorp by 7.9% in 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 purchasing an additional 7,408 shares during the period.

Insider Buying and Selling

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

NB Bancorp Stock Up 0.1%

Shares of NASDAQ:NBBK opened at $17.58 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. NB Bancorp, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $21.05. The firm’s 50 day moving average price is $17.38 and its 200 day moving average price is $18.49. The stock has a market cap of $713.22 million, a price-to-earnings ratio of 16.43 and a beta of 0.57.

NB Bancorp (NASDAQ:NBBK) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. The company had revenue of $47.39 million for the quarter, compared to analysts’ expectations of $44.50 million. As a group, equities research analysts predict that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

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.