NB Bancorp (NASDAQ:NBBK) Director Hope Pascucci Purchases 20,000 Shares

NB Bancorp, Inc. (NASDAQ:NBBK) Director Hope Pascucci bought 20,000 shares of the company’s stock in a transaction on Friday, April 24th. The shares were acquired at an average price of $19.46 per share, with a total value of $389,200.00. Following the completion of the acquisition, the director directly owned 142,402 shares in the company, valued at $2,771,142.92. This represents a 16.34% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NB Bancorp Stock Performance

Shares of NBBK opened at $19.82 on Friday. NB Bancorp, Inc. has a 12-month low of $15.44 and a 12-month high of $22.86. The stock has a market cap of $895.27 million, a P/E ratio of 14.47 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 company has a 50-day moving average of $21.42 and a two-hundred day moving average of $20.30.

NB Bancorp (NASDAQ:NBBK) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.16). NB Bancorp had a net margin of 13.81% and a return on equity of 8.75%. The business had revenue of $69.38 million during the quarter, compared to analyst estimates of $70.83 million. As a group, research analysts predict that NB Bancorp, Inc. will post 2.34 EPS for the current fiscal year.

NB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th will be paid a $0.07 dividend. The ex-dividend date of this dividend is 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 presently 20.90%.

Wall Street Analysts Forecast Growth

NBBK has been the subject of several recent research reports. Piper Sandler dropped their price target on NB Bancorp from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Research downgraded NB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NB Bancorp in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.00.

Institutional Trading of NB Bancorp

Hedge funds have recently bought and sold shares of the company. AltraVue Capital LLC acquired a new position in NB Bancorp in the 4th quarter valued at $13,735,000. Tieton Capital Management LLC acquired a new stake in shares of NB Bancorp during the fourth quarter worth $10,404,000. Vanguard Group Inc. boosted its holdings in shares of NB Bancorp by 18.0% during 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 during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of NB Bancorp in the fourth quarter valued at $5,709,000. Finally, UBS Group AG increased its stake in NB Bancorp by 264.4% in the third quarter. UBS Group AG now owns 378,353 shares of the company’s stock valued at $6,678,000 after purchasing an additional 274,511 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.