NB Bancorp, Inc. $NBBK Stock Holdings Lifted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in NB Bancorp, Inc. (NASDAQ:NBBK) by 93.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 90,370 shares of the company’s stock after buying an additional 43,690 shares during the period. Los Angeles Capital Management LLC’s holdings in NB Bancorp were worth $1,638,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in 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 acquiring an additional 553 shares during the period. AFG Fiduciary Services Limited Partnership boosted its stake in NB Bancorp by 9.7% in the fourth quarter. AFG Fiduciary Services Limited Partnership now owns 10,970 shares of the company’s stock valued at $214,000 after acquiring an additional 970 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of NB Bancorp by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,127 shares of the company’s stock valued at $418,000 after purchasing an additional 975 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of NB Bancorp by 3.7% during the second quarter. Legal & General Group Plc now owns 62,014 shares of the company’s stock valued at $1,108,000 after purchasing an additional 2,237 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its position in shares of NB Bancorp by 8.3% during the 2nd quarter. Rafferty Asset Management LLC now owns 35,629 shares of the company’s stock worth $636,000 after purchasing an additional 2,720 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NBBK shares. Zacks Research downgraded NB Bancorp from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NB Bancorp in a research report on Thursday, April 2nd. Finally, Piper Sandler cut their target price on NB Bancorp from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $24.00.

NB Bancorp Trading Up 1.2%

NB Bancorp stock opened at $20.51 on Thursday. NB Bancorp, Inc. has a 12-month low of $16.01 and a 12-month high of $22.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.07 and a quick ratio of 1.06. The stock has a market capitalization of $916.92 million, a PE ratio of 14.97 and a beta of 0.06. The firm has a 50 day simple moving average of $20.60 and a 200-day simple moving average of $20.74.

NB Bancorp (NASDAQ:NBBK) last released its earnings results on Wednesday, April 22nd. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). The firm had revenue of $69.38 million during the quarter, compared to analyst estimates of $70.83 million. NB Bancorp had a return on equity of 8.57% and a net margin of 13.81%. As a group, equities research analysts expect that NB Bancorp, Inc. will post 2.02 EPS for the current fiscal year.

NB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 6th. NB Bancorp’s payout ratio is currently 20.44%.

Insider Buying and Selling at NB Bancorp

In other NB Bancorp news, CEO Joseph P. Campanelli purchased 3,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $19.18 per share, for a total transaction of $57,540.00. Following the completion of the transaction, the chief executive officer owned 377,790 shares in the company, valued at $7,246,012.20. The trade was a 0.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hope Pascucci purchased 20,000 shares of the business’s stock in a transaction on Friday, April 24th. The stock was acquired at an average cost of $19.46 per share, with a total value of $389,200.00. Following the completion of the acquisition, the director directly owned 142,402 shares in the company, valued at $2,771,142.92. The trade was a 16.34% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 28,000 shares of company stock valued at $545,765. Insiders own 5.10% of the company’s stock.

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.