Joseph P. Campanelli Acquires 2,000 Shares of NB Bancorp, Inc. (NASDAQ:NBBK) Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph P. Campanelli purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the acquisition, the chief executive officer now owns 55,000 shares in the company, valued at $976,250. This trade represents a 3.77 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NB Bancorp Stock Performance

Shares of NASDAQ NBBK opened at $17.79 on Friday. The stock has a market cap of $744.39 million, a price-to-earnings ratio of 16.63 and a beta of 0.16. NB Bancorp, Inc. has a 12 month low of $13.26 and a 12 month high of $21.05. The company has a 50 day simple moving average of $18.54 and a two-hundred day simple moving average of $18.81. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

NB Bancorp (NASDAQ:NBBK) last posted its earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. As a group, analysts predict that NB Bancorp, Inc. will post 1.39 earnings per share for the current year.

Institutional Trading of NB Bancorp

A number of hedge funds have recently modified their holdings of NBBK. State Street Corp lifted its holdings in NB Bancorp by 16.5% in the third quarter. State Street Corp now owns 994,380 shares of the company’s stock valued at $18,456,000 after acquiring an additional 140,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of NB Bancorp during the 3rd quarter valued at approximately $952,000. Barclays PLC lifted its stake in shares of NB Bancorp by 73.0% in the 3rd quarter. Barclays PLC now owns 81,114 shares of the company’s stock valued at $1,506,000 after purchasing an additional 34,235 shares during the period. BNP Paribas Financial Markets boosted its holdings in NB Bancorp by 78.1% during the third quarter. BNP Paribas Financial Markets now owns 76,319 shares of the company’s stock worth $1,416,000 after buying an additional 33,477 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in NB Bancorp by 1.9% during the third quarter. Geode Capital Management LLC now owns 885,243 shares of the company’s stock worth $16,433,000 after buying an additional 16,270 shares in the last quarter.

NB Bancorp Company Profile

NB Bancorp, Inc focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in Greater Boston metropolitan area and surrounding communities in Massachusetts, eastern Connecticut, southern New Hampshire, and Rhode Island. The company offers various deposits, including certificate of deposit, individual retirement, money market, savings, NOW, demand deposit, and interest-bearing and noninterest-bearing checking accounts; and commercial real estate and multifamily, one- to four-family residential real estate, construction and land development, commercial and industrial, and consumer loans, as well as home equity loans and lines of credit.