Key Points
- NB Bancorp CEO Joseph Campanelli bought 5,000 shares on March 6 at an average price of $20.77 (total $103,850), raising his direct stake to 47,000 shares — an 11.9% increase, disclosed in an SEC filing.
- The company reported quarterly EPS of $1.20, beating estimates by $0.71, while revenue of $63.36 million missed consensus; NB Bancorp has a market cap of about $953.5M and a P/E of 15.6.
- NB Bancorp pays a quarterly dividend of $0.07 (annualized $0.28, ~1.3% yield, 20.9% payout), has attracted sizable institutional purchases (e.g., Vanguard, AltraVue, Tieton), and carries a Wall Street consensus rating of "Hold" with an average target of $23.00.
NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) CFO Jean-Pierre Lapointe purchased 1,000 shares of the stock in a transaction on Monday, March 9th. The shares were acquired at an average price of $20.42 per share, for a total transaction of $20,420.00. Following the transaction, the chief financial officer directly owned 110,331 shares of the company's stock, valued at $2,252,959.02. This represents a 0.91% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
NB Bancorp Stock Down 0.6%
Shares of NBBK opened at $20.91 on Tuesday. The firm has a market cap of $953.50 million, a P/E ratio of 15.60 and a beta of 0.34. NB Bancorp, Inc. has a 12 month low of $15.09 and a 12 month high of $22.70. The stock's 50 day moving average is $21.04 and its two-hundred day moving average is $19.65. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23.
NB Bancorp (NASDAQ:NBBK - Get Free Report) last announced its earnings results on Thursday, January 22nd. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.71. NB Bancorp had a return on equity of 8.58% and a net margin of 14.30%.The business had revenue of $63.36 million during the quarter, compared to the consensus estimate of $75.75 million. Analysts predict that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.
NB Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. NB Bancorp's dividend payout ratio (DPR) is presently 20.90%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. Zacks Research downgraded shares of NB Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 19th. Piper Sandler restated 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. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $23.00.
Read Our Latest Stock Analysis on NB Bancorp
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. AltraVue Capital LLC acquired a new stake in shares of NB Bancorp in the fourth quarter valued at approximately $13,735,000. Tieton Capital Management LLC purchased a new position in NB Bancorp during the fourth quarter worth approximately $10,404,000. Vanguard Group Inc. boosted its stake in 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 buying an additional 350,899 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in NB Bancorp during the fourth quarter worth $5,709,000. Finally, UBS Group AG grew its holdings in NB Bancorp by 264.4% in the 3rd quarter. UBS Group AG now owns 378,353 shares of the company's stock valued at $6,678,000 after buying an additional 274,511 shares in 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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