Key Points
- Director Mary Susan Elliott acquired 10,000 shares at $18.72 on Jan. 24 for $187,200, increasing her holdings to 115,761 shares (a 9.46% rise) valued at about $2.17M.
- Q4 results: NB Bancorp reported $0.51 EPS, beating estimates by $0.02, while revenue of $63.15M missed expectations of $75.75M.
- Dividend announced: a $0.07 quarterly dividend (annualized $0.28, ~1.3% yield) with an ex-dividend date of Feb. 5 and payment on Feb. 19.
NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) Director Mary Susan Elliott bought 1,434 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of $21.39 per share, with a total value of $30,673.26. Following the completion of the purchase, the director owned 1,434 shares in the company, valued at $30,673.26. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NB Bancorp Stock Performance
Shares of NBBK opened at $21.72 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.07 and a current ratio of 1.07. NB Bancorp, Inc. has a twelve month low of $15.09 and a twelve month high of $21.84. The firm's 50 day moving average price is $20.36 and its two-hundred day moving average price is $18.94. The firm has a market cap of $865.11 million, a P/E ratio of 16.21 and a beta of 0.32.
NB Bancorp (NASDAQ:NBBK - Get Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. NB Bancorp had a net margin of 14.30% and a return on equity of 8.94%. The company had revenue of $63.15 million during the quarter, compared to the consensus estimate of $75.75 million. On average, analysts forecast that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.
NB Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. NB Bancorp's dividend payout ratio (DPR) is currently 20.90%.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on NBBK. Keefe, Bruyette & Woods upgraded NB Bancorp to a "hold" rating in a report on Sunday, November 2nd. Weiss Ratings raised NB Bancorp from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, October 8th. Piper Sandler reiterated an "overweight" rating and issued a $23.00 price objective (up from $22.00) on shares of NB Bancorp in a report on Thursday, November 20th. Finally, Zacks Research lowered shares of NB Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $23.00.
View Our Latest Report on NBBK
Institutional Investors Weigh In On NB Bancorp
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of NB Bancorp by 18.0% in the fourth quarter. Vanguard Group Inc. now owns 2,301,034 shares of the company's stock valued at $45,606,000 after buying an additional 350,899 shares in the last quarter. UBS Group AG lifted 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 acquiring an additional 274,511 shares during the last quarter. Marshall Wace LLP grew its position in shares of NB Bancorp by 165.9% in the 2nd quarter. Marshall Wace LLP now owns 315,460 shares of the company's stock valued at $5,634,000 after acquiring an additional 196,837 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in shares of NB Bancorp by 27.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 694,982 shares of the company's stock worth $12,266,000 after purchasing an additional 148,472 shares during the last quarter. Finally, Pertento Partners LLP increased its stake in shares of NB Bancorp by 6.8% during the 2nd quarter. Pertento Partners LLP now owns 2,114,336 shares of the company's stock worth $37,762,000 after purchasing an additional 135,433 shares during the last quarter.
About NB Bancorp
(
Get Free Report)
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.
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