NB Bancorp (NASDAQ:NBBK) Director Mary Susan Elliott Acquires 10,000 Shares of Stock

NB Bancorp, Inc. (NASDAQ:NBBK) Director Mary Susan Elliott acquired 10,000 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were acquired at an average cost of $18.72 per share, with a total value of $187,200.00. Following the transaction, the director owned 115,761 shares in the company, valued at approximately $2,167,045.92. This trade represents a 9.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NB Bancorp Price Performance

Shares of NB Bancorp stock opened at $21.72 on Friday. The stock has a market cap of $865.11 million, a P/E ratio of 16.21 and a beta of 0.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s fifty day moving average is $20.36 and its 200 day moving average is $18.94. NB Bancorp, Inc. has a one year low of $15.09 and a one year high of $21.84.

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

NB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, February 5th. NB Bancorp’s dividend payout ratio is currently 20.90%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NBBK. Zacks Research lowered shares of NB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings upgraded shares of NB Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upgraded NB Bancorp to a “hold” rating in a research note on Sunday, November 2nd. Finally, Piper Sandler reissued an “overweight” rating and set a $23.00 price target (up from $22.00) on shares of NB Bancorp in a report on Thursday, November 20th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.

Hedge Funds Weigh In On NB Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. AFG Fiduciary Services Limited Partnership increased its holdings in NB Bancorp by 9.7% in the 4th quarter. AFG Fiduciary Services Limited Partnership now owns 10,970 shares of the company’s stock valued at $214,000 after acquiring an additional 970 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NB Bancorp by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,127 shares of the company’s stock valued at $418,000 after purchasing an additional 975 shares during the last quarter. Aviance Capital Partners LLC grew its position in shares of NB Bancorp by 4.0% during the second quarter. Aviance Capital Partners LLC now owns 37,167 shares of the company’s stock valued at $664,000 after purchasing an additional 1,434 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of NB Bancorp in the third quarter worth about $28,000. Finally, CWM LLC increased its holdings in shares of NB Bancorp by 169.7% in the third quarter. CWM LLC now owns 3,457 shares of the company’s stock worth $61,000 after purchasing an additional 2,175 shares during the last quarter.

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.