NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) CEO Joseph Campanelli purchased 2,500 shares of NB Bancorp stock in a transaction dated Friday, April 24th. The stock was bought at an average price of $19.45 per share, with a total value of $48,625.00. Following the completion of the purchase, the chief executive officer directly owned 374,790 shares of the company's stock, valued at approximately $7,289,665.50. This trade represents a 0.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NB Bancorp Stock Performance
Shares of NASDAQ NBBK opened at $19.87 on Tuesday. The firm has a 50 day moving average of $21.37 and a 200 day moving average of $20.36. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $897.53 million, a price-to-earnings ratio of 14.50 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.
NB Bancorp (NASDAQ:NBBK - Get Free Report) last announced 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). The business had revenue of $69.38 million for the quarter, compared to the consensus estimate of $70.83 million. NB Bancorp had a net margin of 13.81% and a return on equity of 8.75%. On average, research analysts anticipate that NB Bancorp, Inc. will post 2.34 earnings per share for the current year.
NB Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, May 6th. NB Bancorp's payout ratio is 20.44%.
Hedge Funds Weigh In On NB Bancorp
Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings 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 purchasing an additional 553 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in NB Bancorp during the third quarter valued at approximately $28,000. Kestra Advisory Services LLC purchased a new position in NB Bancorp during the fourth quarter valued at approximately $46,000. SHP Wealth Management purchased a new position in NB Bancorp during the fourth quarter valued at approximately $68,000. Finally, CWM LLC lifted its holdings in NB Bancorp by 169.7% during the third quarter. CWM LLC now owns 3,457 shares of the company's stock valued at $61,000 after purchasing an additional 2,175 shares in the last quarter.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on NBBK. Piper Sandler cut their target price 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. Zacks Research lowered shares of NB Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 19th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of NB Bancorp in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, NB Bancorp currently has a consensus rating of "Hold" and a consensus price target of $24.00.
Check Out Our Latest Analysis on NB Bancorp
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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