NB Bancorp, Inc. $NBBK Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 93.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,370 shares of the company’s stock after acquiring an additional 43,690 shares during the quarter. Los Angeles Capital Management LLC owned about 0.23% of NB Bancorp worth $1,638,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of NB Bancorp by 75.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,286 shares of the company’s stock worth $25,000 after purchasing an additional 553 shares during the period. Larson Financial Group LLC raised its holdings in NB Bancorp by 577.1% in the fourth quarter. Larson Financial Group LLC now owns 3,629 shares of the company’s stock valued at $72,000 after buying an additional 3,093 shares during the period. Allworth Financial LP lifted its position in NB Bancorp by 64,733.3% during the fourth quarter. Allworth Financial LP now owns 5,835 shares of the company’s stock valued at $116,000 after buying an additional 5,826 shares in the last quarter. Russell Investments Group Ltd. grew its stake in NB Bancorp by 1,640.6% during the third quarter. Russell Investments Group Ltd. now owns 6,945 shares of the company’s stock worth $123,000 after buying an additional 6,546 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of NB Bancorp by 464.9% in the second quarter. Tower Research Capital LLC TRC now owns 8,022 shares of the company’s stock worth $143,000 after acquiring an additional 6,602 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently issued reports on NBBK. 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 dropped their target price on NB Bancorp from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.00.

NB Bancorp Price Performance

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

NB Bancorp (NASDAQ:NBBK) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.38 EPS 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%. Equities research analysts expect that NB Bancorp, Inc. will post 2.02 EPS for the current fiscal year.

NB Bancorp Dividend Announcement

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

Insider Transactions at NB Bancorp

In other NB Bancorp news, Director Hope Pascucci acquired 20,000 shares of the stock in a transaction on Friday, April 24th. The stock was purchased at an average price of $19.46 per share, for a total transaction of $389,200.00. Following the purchase, the director directly owned 142,402 shares in the company, valued at $2,771,142.92. This trade represents a 16.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph P. Campanelli acquired 3,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were acquired at an average price of $19.18 per share, for a total transaction of $57,540.00. Following the completion of the acquisition, the chief executive officer directly 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 SEC filing for this purchase provides additional information. Insiders purchased 28,000 shares of company stock valued at $545,765 in the last three months. 5.10% of the stock is currently owned by company insiders.

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.