NB Bancorp (NASDAQ:NBBK) Director Mary Susan Elliott Buys 1,434 Shares of Stock

NB Bancorp, Inc. (NASDAQ:NBBK) Director Mary Susan Elliott purchased 1,434 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was purchased at an average price of $21.39 per share, with a total value of $30,673.26. Following the completion of the transaction, the director owned 1,434 shares of the company’s stock, valued at approximately $30,673.26. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NB Bancorp Price Performance

NBBK traded up $0.08 during trading hours on Friday, hitting $21.53. The company’s stock had a trading volume of 83,043 shares, compared to its average volume of 301,558. The business’s 50-day moving average price is $20.31 and its 200-day moving average price is $18.92. NB Bancorp, Inc. has a 12 month low of $15.09 and a 12 month high of $21.78. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.06. The stock has a market cap of $857.25 million, a price-to-earnings ratio of 16.06 and a beta of 0.32.

NB Bancorp (NASDAQ:NBBK) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $63.15 million during the quarter, compared to analyst estimates of $75.75 million. NB Bancorp had a net margin of 14.30% and a return on equity of 8.94%. Sell-side analysts expect that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

NB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be issued a $0.07 dividend. The ex-dividend date is Thursday, February 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. NB Bancorp’s dividend payout ratio (DPR) is currently 20.90%.

Analysts Set New Price Targets

NBBK has been the subject of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and set a $23.00 price objective (up previously from $22.00) on shares of NB Bancorp in a research note on Thursday, November 20th. Zacks Research cut NB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings raised NB Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upgraded shares of NB Bancorp to a “hold” rating in a research note on Sunday, November 2nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.00.

Institutional Trading of NB Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of NBBK. Pertento Partners LLP raised its position in NB Bancorp by 6.8% in the 2nd quarter. Pertento Partners LLP now owns 2,114,336 shares of the company’s stock valued at $37,762,000 after purchasing an additional 135,433 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of NB Bancorp in the 2nd quarter valued at about $514,000. EJF Capital LLC grew its holdings in shares of NB Bancorp by 139.9% in the 2nd quarter. EJF Capital LLC now owns 167,830 shares of the company’s stock worth $2,997,000 after acquiring an additional 97,867 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of NB Bancorp during the 2nd quarter worth $193,000. Finally, XTX Topco Ltd acquired a new stake in NB Bancorp during the 2nd quarter valued at $940,000.

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.