NB Bancorp (NASDAQ:NBBK) CEO Buys $48,625.00 in Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph Campanelli bought 2,500 shares of NB Bancorp stock in a transaction dated Friday, April 24th. The stock was acquired at an average cost of $19.45 per share, for a total transaction of $48,625.00. Following the completion of the acquisition, the chief executive officer directly owned 374,790 shares in the company, valued at $7,289,665.50. This represents a 0.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NB Bancorp Stock Down 2.1%

Shares of NBBK opened at $19.56 on Thursday. The company has a market capitalization of $883.43 million, a P/E ratio of 14.28 and a beta of 0.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.08 and a quick ratio of 1.06. NB Bancorp, Inc. has a one year low of $15.44 and a one year high of $22.86. The business’s 50 day simple moving average is $21.28 and its 200-day simple moving average is $20.37.

NB Bancorp (NASDAQ:NBBK) last announced its 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). The business 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 8.75% and a net margin of 13.81%. As a group, sell-side analysts predict that NB Bancorp, Inc. will post 2.02 EPS for the current fiscal year.

NB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, May 6th. NB Bancorp’s payout ratio is presently 20.44%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Zacks Research cut shares of NB Bancorp from a “hold” rating to a “strong sell” rating in a research report on Monday. Piper Sandler dropped their price objective on shares of NB Bancorp from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NB Bancorp in a research report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $24.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in NB Bancorp by 75.4% in 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 last quarter. State of Alaska Department of Revenue bought a new position in NB Bancorp in the 3rd quarter worth approximately $28,000. Kestra Advisory Services LLC bought a new position in NB Bancorp in the 4th quarter worth approximately $46,000. SHP Wealth Management bought a new position in NB Bancorp in the 4th quarter worth approximately $68,000. Finally, CWM LLC raised its position in shares of NB Bancorp by 169.7% during the 3rd quarter. CWM LLC now owns 3,457 shares of the company’s stock valued at $61,000 after acquiring an additional 2,175 shares during the last quarter.

NB Bancorp Company Profile

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.