NB Bancorp, Inc. (NASDAQ:NBBK) Announces Quarterly Dividend of $0.07

NB Bancorp, Inc. (NASDAQ:NBBK) declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Wednesday, May 6th will be given a dividend of 0.07 per share on Wednesday, May 20th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, May 6th.

NB Bancorp Stock Down 0.6%

NBBK stock opened at $21.45 on Thursday. The stock has a market cap of $968.79 million, a P/E ratio of 16.01 and a beta of 0.37. 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’s fifty day simple moving average is $21.51 and its two-hundred day simple moving average is $20.30. NB Bancorp has a 1-year low of $15.44 and a 1-year high of $22.86.

NB Bancorp (NASDAQ:NBBK) last announced its earnings results on Wednesday, April 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.14). The business had revenue of $69.38 million for the quarter, compared to analysts’ expectations of $70.83 million. NB Bancorp had a net margin of 14.30% and a return on equity of 8.58%. Analysts expect that NB Bancorp will post 2.34 EPS for the current year.

Insider Buying and Selling at NB Bancorp

In other news, CEO Joseph P. Campanelli acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $20.77 per share, with a total value of $103,850.00. Following the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders acquired 8,500 shares of company stock worth $174,670. 5.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NB Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Pertento Partners LLP boosted its position in NB Bancorp by 10.9% during the fourth quarter. Pertento Partners LLP now owns 2,343,776 shares of the company’s stock worth $46,454,000 after purchasing an additional 229,440 shares during the period. Vanguard Group Inc. increased its stake in shares of NB Bancorp by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 2,301,034 shares of the company’s stock worth $45,606,000 after purchasing an additional 350,899 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NB Bancorp by 10.3% in the fourth quarter. Geode Capital Management LLC now owns 966,662 shares of the company’s stock valued at $19,162,000 after purchasing an additional 90,014 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of NB Bancorp by 27.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 694,982 shares of the company’s stock valued at $12,266,000 after buying an additional 148,472 shares in the last quarter. Finally, AltraVue Capital LLC bought a new position in NB Bancorp in the 4th quarter worth approximately $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.