Rhumbline Advisers Sells 26,872 Shares of NB Bancorp, Inc. (NASDAQ:NBBK)

Rhumbline Advisers trimmed its holdings in NB Bancorp, Inc. (NASDAQ:NBBK) by 34.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 50,805 shares of the company’s stock after selling 26,872 shares during the quarter. Rhumbline Advisers owned 0.12% of NB Bancorp worth $918,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Ameriprise Financial Inc. increased its stake in shares of NB Bancorp by 79.5% in 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 during the period. Nuveen Asset Management LLC increased its stake in shares of NB Bancorp by 34.9% in the fourth quarter. Nuveen Asset Management LLC now owns 99,384 shares of the company’s stock worth $1,795,000 after buying an additional 25,690 shares during the period. Millennium Management LLC increased its stake in shares of NB Bancorp by 143.6% in the fourth quarter. Millennium Management LLC now owns 224,170 shares of the company’s stock worth $4,049,000 after buying an additional 132,130 shares during the period. Two Sigma Advisers LP increased its stake in shares of NB Bancorp by 259.6% in the fourth quarter. Two Sigma Advisers LP now owns 37,400 shares of the company’s stock worth $675,000 after buying an additional 27,000 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of NB Bancorp by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,152 shares of the company’s stock worth $400,000 after buying an additional 789 shares during the period.

NB Bancorp Stock Up 0.4%

Shares of NASDAQ NBBK opened at $16.27 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.12. NB Bancorp, Inc. has a 52 week low of $14.20 and a 52 week high of $21.05. The firm’s fifty day moving average is $16.87 and its 200 day moving average is $17.93. The company has a market cap of $660.07 million, a price-to-earnings ratio of 13.79 and a beta of 0.41.

NB Bancorp (NASDAQ:NBBK) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $47.39 million for the quarter, compared to the consensus estimate of $44.50 million. NB Bancorp had a net margin of 14.73% and a return on equity of 6.61%. On average, equities research analysts expect that NB Bancorp, Inc. will post 1.39 earnings per share for the current year.

Insider Buying and Selling at NB Bancorp

In related news, Director Francis Orfanello acquired 5,000 shares of NB Bancorp stock in a transaction on Tuesday, April 29th. The shares were 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. This trade represents a 3.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.90% of the company’s stock.

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.