Key Points
- Director Hope Pascucci purchased 20,000 shares at $19.46 on April 24 for $389,200, bringing her ownership to 142,402 shares — a 16.34% increase in her stake.
- NB Bancorp reported quarterly EPS of $0.38, missing the consensus $0.54 by $0.16, and posted revenue of $69.38 million versus estimates of $70.83 million.
- The company declared a quarterly dividend of $0.07 per share (annualized $0.28, yield 1.4%), payable May 20 with an ex-dividend date of May 6 and a dividend payout ratio of 20.9%.
NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) Director Hope Pascucci purchased 20,000 shares of the stock in a transaction on Friday, April 24th. The stock was acquired at an average price of $19.46 per share, with a total value of $389,200.00. Following the acquisition, the director directly owned 142,402 shares in the company, valued at $2,771,142.92. This trade represents a 16.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NB Bancorp Trading Up 3.4%
NASDAQ NBBK opened at $19.82 on Friday. The company has a market cap of $895.27 million, a P/E ratio of 14.47 and a beta of 0.37. NB Bancorp, Inc. has a 12 month low of $15.44 and a 12 month high of $22.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.08 and a quick ratio of 1.06. The company has a 50-day moving average of $21.42 and a 200-day moving average of $20.30.
NB Bancorp (NASDAQ:NBBK - Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.16). NB Bancorp had a return on equity of 8.75% and a net margin of 13.81%.The company had revenue of $69.38 million during the quarter, compared to analyst estimates of $70.83 million. As a group, equities analysts predict that NB Bancorp, Inc. will post 2.34 earnings per share for the current year.
NB Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, May 6th. NB Bancorp's dividend payout ratio (DPR) is 20.90%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Weiss Ratings restated a "hold (c)" rating on shares of NB Bancorp in a report on Thursday, April 2nd. Piper Sandler reduced their target price on NB Bancorp from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Zacks Research downgraded NB Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $24.00.
Get Our Latest Stock Analysis on NB Bancorp
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in NB Bancorp by 75.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,286 shares of the company's stock valued at $25,000 after buying an additional 553 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of NB Bancorp in the third quarter worth $28,000. Kestra Advisory Services LLC purchased a new position in shares of NB Bancorp in the 4th quarter valued at $46,000. CWM LLC raised its stake in shares of NB Bancorp by 169.7% in 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 period. Finally, SHP Wealth Management acquired a new position in shares of NB Bancorp during the 4th quarter valued at $68,000.
NB Bancorp Company Profile
(
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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