NB Bancorp (NASDAQ:NBBK) CEO Joseph Campanelli Buys 2,500 Shares

NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph Campanelli bought 2,500 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was purchased at an average price of $19.45 per share, for a total transaction of $48,625.00. Following the purchase, the chief executive officer owned 374,790 shares of the company’s stock, valued at approximately $7,289,665.50. This represents a 0.67% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NB Bancorp Trading Up 0.3%

NASDAQ:NBBK opened at $19.87 on Tuesday. The company’s 50 day moving average price is $21.37 and its 200-day moving average price is $20.36. NB Bancorp, Inc. has a 52 week low of $15.44 and a 52 week high of $22.86. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 0.23. The stock has a market cap of $897.53 million, a price-to-earnings ratio of 14.50 and a beta of 0.37.

NB Bancorp (NASDAQ:NBBK) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $70.83 million. On average, equities research analysts forecast that NB Bancorp, Inc. will post 2.34 earnings per share for the current fiscal year.

NB Bancorp Announces Dividend

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

Institutional Trading of NB Bancorp

A number of large investors have recently made changes to their positions in NBBK. AQR Capital Management LLC bought a new stake in shares of NB Bancorp in the first quarter worth approximately $253,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of NB Bancorp by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,127 shares of the company’s stock worth $418,000 after acquiring an additional 975 shares during the period. Millennium Management LLC grew its stake in shares of NB Bancorp by 13.1% in the first quarter. Millennium Management LLC now owns 253,543 shares of the company’s stock worth $4,582,000 after acquiring an additional 29,373 shares during the period. Jane Street Group LLC grew its stake in shares of NB Bancorp by 54.3% in the first quarter. Jane Street Group LLC now owns 54,613 shares of the company’s stock worth $987,000 after acquiring an additional 19,213 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of NB Bancorp by 3.7% in the second quarter. Legal & General Group Plc now owns 62,014 shares of the company’s stock worth $1,108,000 after acquiring an additional 2,237 shares during the period.

Analysts Set New Price Targets

A number of research firms have recently commented on NBBK. Weiss Ratings reiterated a “hold (c)” rating on shares of NB Bancorp in a report on Thursday, April 2nd. Piper Sandler cut their price target on shares of NB Bancorp from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Zacks Research cut shares of NB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, NB Bancorp currently has a consensus rating of “Hold” and a consensus target price of $24.00.

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.