NB Bancorp (NASDAQ:NBBK) CEO Joseph Campanelli Purchases 5,000 Shares of Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph Campanelli acquired 5,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $20.77 per share, for a total transaction of $103,850.00. Following the completion of the purchase, the chief executive officer owned 47,000 shares in the company, valued at $976,190. The trade was a 11.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NB Bancorp Stock Performance

Shares of NBBK opened at $20.91 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23. The stock has a market cap of $953.50 million, a P/E ratio of 15.60 and a beta of 0.34. The company has a 50-day moving average of $21.04 and a two-hundred day moving average of $19.65. NB Bancorp, Inc. has a 12-month low of $15.09 and a 12-month high of $22.70.

NB Bancorp (NASDAQ:NBBK) last released its quarterly earnings results on Thursday, January 22nd. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.49 by $0.71. NB Bancorp had a net margin of 14.30% and a return on equity of 8.58%. The business had revenue of $63.36 million for the quarter, compared to analyst estimates of $75.75 million. As a group, research analysts predict that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

NB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. NB Bancorp’s dividend payout ratio is presently 20.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Zacks Research downgraded NB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Piper Sandler restated an “overweight” rating and issued a $23.00 price objective (up from $22.00) on shares of NB Bancorp in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, NB Bancorp currently has a consensus rating of “Hold” and an average target price of $23.00.

Hedge Funds Weigh In On NB Bancorp

A number of institutional investors have recently modified their holdings of the company. Pertento Partners LLP grew its stake in NB Bancorp by 10.9% in the 4th quarter. Pertento Partners LLP now owns 2,343,776 shares of the company’s stock worth $46,454,000 after acquiring an additional 229,440 shares during the period. Vanguard Group Inc. raised its holdings in NB Bancorp by 18.0% in the 4th quarter. Vanguard Group Inc. now owns 2,301,034 shares of the company’s stock valued at $45,606,000 after acquiring an additional 350,899 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of NB Bancorp by 10.3% during the 4th quarter. Geode Capital Management LLC now owns 966,662 shares of the company’s stock worth $19,162,000 after purchasing an additional 90,014 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of NB Bancorp by 27.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 694,982 shares of the company’s stock worth $12,266,000 after purchasing an additional 148,472 shares during the last quarter. Finally, AltraVue Capital LLC acquired a new stake in shares of NB Bancorp during the fourth quarter worth $13,735,000.

About NB Bancorp

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.