Deutsche Bank AG Has $3.27 Million Stock Holdings in NB Bancorp, Inc. $NBBK

Deutsche Bank AG cut its holdings in NB Bancorp, Inc. (NASDAQ:NBBK) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 180,815 shares of the company’s stock after selling 3,594 shares during the quarter. Deutsche Bank AG owned about 0.43% of NB Bancorp worth $3,267,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Aviance Capital Partners LLC acquired a new stake in shares of NB Bancorp in the first quarter worth $646,000. Ameriprise Financial Inc. lifted 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 last quarter. Nuveen Asset Management LLC lifted 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 last quarter. Millennium Management LLC lifted 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 last quarter. Finally, Two Sigma Advisers LP lifted 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 last quarter.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price objective on shares of NB Bancorp from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th.

NB Bancorp Price Performance

Shares of NB Bancorp stock opened at $18.13 on Tuesday. The firm has a fifty day simple moving average of $17.76 and a 200-day simple moving average of $17.76. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. NB Bancorp, Inc. has a 1-year low of $15.09 and a 1-year high of $21.05. The stock has a market capitalization of $722.05 million, a price-to-earnings ratio of 13.63 and a beta of 0.44.

NB Bancorp (NASDAQ:NBBK) last released its earnings results on Wednesday, July 23rd. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $51.19 million during the quarter. NB Bancorp had a net margin of 15.86% and a return on equity of 7.37%. On average, sell-side analysts expect that NB Bancorp, Inc. will post 1.39 earnings per share for the current year.

NB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, August 6th. NB Bancorp’s dividend payout ratio is presently 21.05%.

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.