Nuveen Asset Management LLC Buys 25,690 Shares of NB Bancorp, Inc. (NASDAQ:NBBK)

Nuveen Asset Management LLC raised its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 34.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,384 shares of the company’s stock after acquiring an additional 25,690 shares during the period. Nuveen Asset Management LLC owned approximately 0.23% of NB Bancorp worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of NBBK. Rhumbline Advisers raised its holdings in NB Bancorp by 44.4% during the 4th quarter. Rhumbline Advisers now owns 77,677 shares of the company’s stock valued at $1,403,000 after buying an additional 23,870 shares during the period. Bank of New York Mellon Corp raised its stake in 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 buying an additional 7,408 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of NB Bancorp by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company’s stock worth $5,769,000 after purchasing an additional 4,138 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of NB Bancorp by 23.4% in the fourth quarter. Victory Capital Management Inc. now owns 118,119 shares of the company’s stock worth $2,133,000 after purchasing an additional 22,366 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in 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 acquiring an additional 6,047 shares in the last quarter.

NB Bancorp Stock Up 1.2%

Shares of NBBK stock opened at $16.87 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. NB Bancorp, Inc. has a twelve month low of $14.20 and a twelve month high of $21.05. The stock has a 50 day moving average of $16.98 and a 200 day moving average of $18.26. The stock has a market cap of $684.42 million, a P/E ratio of 15.77 and a beta of 0.57.

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, hitting analysts’ consensus estimates of $0.35. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. The company had revenue of $47.39 million for the quarter, compared to analyst estimates of $44.50 million. As a group, sell-side analysts expect that NB Bancorp, Inc. will post 1.39 EPS for the current year.

Insider Activity

In other NB Bancorp news, Director Francis Orfanello acquired 5,000 shares of the stock in a transaction dated 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 transaction, the director now owns 130,237 shares in the company, valued at $2,225,750.33. The trade was a 3.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph P. Campanelli bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $17.75 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,500 shares of company stock valued at $130,320 in the last quarter. Insiders own 1.90% of the company’s stock.

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.