International Assets Investment Management LLC Buys 44,113 Shares of NB Bancorp, Inc. $NBBK

International Assets Investment Management LLC increased its stake in NB Bancorp, Inc. (NASDAQ:NBBK) by 50.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 131,013 shares of the company’s stock after purchasing an additional 44,113 shares during the quarter. International Assets Investment Management LLC’s holdings in NB Bancorp were worth $2,784,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings 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 purchasing an additional 553 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of NB Bancorp in the fourth quarter worth $46,000. SHP Wealth Management acquired a new stake in shares of NB Bancorp in the fourth quarter worth $68,000. Larson Financial Group LLC boosted its holdings in shares of NB Bancorp by 577.1% during the 4th quarter. Larson Financial Group LLC now owns 3,629 shares of the company’s stock worth $72,000 after buying an additional 3,093 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of NB Bancorp by 64,733.3% during the 4th quarter. Allworth Financial LP now owns 5,835 shares of the company’s stock worth $116,000 after buying an additional 5,826 shares during the period.

Insider Transactions at NB Bancorp

In other news, Director Hope Pascucci acquired 20,000 shares of NB Bancorp stock in a transaction on Friday, April 24th. The stock was bought at an average price of $19.46 per share, for a total transaction of $389,200.00. Following the transaction, the director owned 142,402 shares of the company’s stock, valued at $2,771,142.92. The trade was a 16.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joseph P. Campanelli acquired 3,000 shares of the firm’s stock in a transaction dated 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 acquisition, the chief executive officer directly owned 377,790 shares in the company, valued at $7,246,012.20. This represents a 0.80% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 25,500 shares of company stock worth $495,365. 5.10% of the stock is owned by company insiders.

NB Bancorp Stock Performance

NBBK stock traded up $0.01 on Friday, reaching $21.02. 127,163 shares of the company were exchanged, compared to its average volume of 255,585. NB Bancorp, Inc. has a 12 month low of $16.76 and a 12 month high of $22.86. The stock’s fifty day moving average price is $20.30 and its 200 day moving average price is $20.80. The firm has a market capitalization of $939.72 million, a PE ratio of 15.34 and a beta of 0.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.07 and a quick ratio of 1.06.

NB Bancorp (NASDAQ:NBBK) last issued its quarterly 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 company had revenue of $69.38 million during the quarter, compared to the consensus estimate of $70.83 million. NB Bancorp had a net margin of 13.81% and a return on equity of 8.57%. On average, research analysts anticipate that NB Bancorp, Inc. will post 2.02 EPS for the current fiscal year.

NB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, May 6th. NB Bancorp’s dividend payout ratio (DPR) is presently 20.44%.

Analyst Ratings Changes

Several research analysts recently commented on NBBK shares. Zacks Research upgraded shares of NB Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Piper Sandler decreased their price target on shares of NB Bancorp from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NB Bancorp in a research report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.00.

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.