NB Bancorp (NASDAQ:NBBK) CEO Purchases $103,850.00 in Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph Campanelli acquired 5,000 shares of the stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $20.77 per share, for a total transaction of $103,850.00. Following the transaction, the chief executive officer owned 47,000 shares in the company, valued at approximately $976,190. This represents a 11.90% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NB Bancorp Price Performance

Shares of NBBK stock traded down $0.12 during trading hours on Monday, hitting $20.91. 547,733 shares of the company’s stock were exchanged, compared to its average volume of 350,670. The company has a market capitalization of $953.50 million, a PE ratio of 15.60 and a beta of 0.34. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23. NB Bancorp, Inc. has a 12-month low of $15.09 and a 12-month high of $22.70. The business’s 50 day simple moving average is $21.03 and its 200-day simple moving average is $19.63.

NB Bancorp (NASDAQ:NBBK) last issued its earnings results on Thursday, January 22nd. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.71. The company had revenue of $63.36 million during the quarter, compared to analysts’ expectations of $75.75 million. NB Bancorp had a return on equity of 8.58% and a net margin of 14.30%. On average, equities research analysts anticipate that NB Bancorp, Inc. will post 1.39 earnings per share for the current year.

NB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. NB Bancorp’s payout ratio is presently 20.90%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. 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 valued at $25,000 after buying an additional 553 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of NB Bancorp in the third quarter worth $28,000. Kestra Advisory Services LLC purchased a new stake in shares of NB Bancorp in the fourth quarter worth $46,000. CWM LLC increased its holdings in shares of NB Bancorp by 169.7% during the third quarter. CWM LLC now owns 3,457 shares of the company’s stock valued at $61,000 after acquiring an additional 2,175 shares in the last quarter. Finally, SHP Wealth Management bought a new position in shares of NB Bancorp during the fourth quarter valued at $68,000.

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.