Insider Buying: NB Bancorp (NASDAQ:NBBK) Director Acquires $389,200.00 in Stock

NB Bancorp, Inc. (NASDAQ:NBBK) Director Hope Pascucci acquired 20,000 shares of the stock in a transaction on Friday, April 24th. The shares were purchased at an average price of $19.46 per share, with a total value of $389,200.00. Following the completion of the transaction, the director owned 142,402 shares of the company’s stock, valued at approximately $2,771,142.92. This represents a 16.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

NB Bancorp Price Performance

Shares of NBBK opened at $19.82 on Monday. NB Bancorp, Inc. has a one year low of $15.44 and a one year high of $22.86. The company has a market cap of $895.27 million, a P/E ratio of 14.47 and a beta of 0.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.08 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $21.42 and a two-hundred day simple moving average of $20.34.

NB Bancorp (NASDAQ:NBBK) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.16). NB Bancorp had a net margin of 13.81% and a return on equity of 8.75%. The firm had revenue of $69.38 million for the quarter, compared to analyst estimates of $70.83 million. Research analysts forecast that NB Bancorp, Inc. will post 2.34 EPS for the current fiscal year.

NB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, May 6th. NB Bancorp’s payout ratio is currently 20.44%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of NB Bancorp in a research report on Thursday, April 2nd. Piper Sandler lowered their price target on shares of NB Bancorp from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday. Finally, Zacks Research downgraded shares of NB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, NB Bancorp presently has a consensus rating of “Hold” and a consensus price target of $24.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of NB Bancorp by 75.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,286 shares of the company’s stock worth $25,000 after buying an additional 553 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of NB Bancorp during the third quarter worth $28,000. Kestra Advisory Services LLC acquired a new position in shares of NB Bancorp during the fourth quarter worth $46,000. SHP Wealth Management acquired a new position in shares of NB Bancorp during the fourth quarter worth $68,000. Finally, CWM LLC increased its holdings in shares of NB Bancorp by 169.7% during the third quarter. CWM LLC now owns 3,457 shares of the company’s stock worth $61,000 after buying an additional 2,175 shares in the last quarter.

NB Bancorp Company Profile

NB Bancorp, Inc (NASDAQ: NBBK) is the bank holding company for NB Bank, N.A., a full-service community bank headquartered in Newburyport, Massachusetts. Through a network of branches across Northeast Massachusetts and southern New Hampshire, the company offers deposit and lending services tailored to individuals and small- to medium-sized businesses.

The company’s core product lineup includes checking and savings accounts, money market deposits and certificates of deposit, along with residential mortgage loans, home equity lines of credit and commercial lending solutions.