Deutsche Bank AG Has $3.33 Million Stock Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Deutsche Bank AG increased its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,409 shares of the company’s stock after buying an additional 13,124 shares during the quarter. Deutsche Bank AG owned 0.43% of NB Bancorp worth $3,330,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in NB Bancorp by 79.5% during the fourth quarter. Ameriprise Financial Inc. now owns 79,500 shares of the company’s stock worth $1,436,000 after buying an additional 35,200 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in NB Bancorp during the fourth quarter worth about $260,000. Northern Trust Corp grew its position in NB Bancorp by 4.7% during the fourth quarter. Northern Trust Corp now owns 358,539 shares of the company’s stock worth $6,475,000 after buying an additional 15,985 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in NB Bancorp by 18.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,032 shares of the company’s stock worth $272,000 after buying an additional 2,297 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in NB Bancorp by 87.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company’s stock worth $80,000 after buying an additional 2,073 shares in the last quarter.

Insider Buying and Selling at NB Bancorp

In related news, CEO Joseph P. Campanelli acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost 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 of the company’s stock, valued at $976,250. This trade represents a 3.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Francis Orfanello bought 5,000 shares of the business’s stock in a transaction dated Tuesday, April 29th. The stock was purchased at an average price of $17.09 per share, with a total value of $85,450.00. Following the purchase, 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 position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 7,500 shares of company stock valued at $130,320. 1.90% of the stock is currently owned by corporate insiders.

NB Bancorp Stock Down 0.9%

NASDAQ NBBK opened at $17.43 on Wednesday. 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 stock’s 50 day moving average is $17.37 and its two-hundred day moving average is $18.48. The company has a market capitalization of $707.14 million, a price-to-earnings ratio of 16.29 and a beta of 0.57. NB Bancorp, Inc. has a 1-year low of $14.20 and a 1-year high of $21.05.

NB Bancorp (NASDAQ:NBBK) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $47.39 million for the quarter, compared to the consensus estimate of $44.50 million. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. Equities analysts forecast 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.