Key Points
- NB Bancorp CEO Joseph Campanelli bought 3,000 shares at $19.18 each, a transaction valued at $57,540, lifting his holdings to 377,790 shares.
- The purchase came as NBBK shares traded around $19.47, below both the 50-day and 200-day moving averages, with the stock ranging from a 52-week low of $15.44 to a high of $22.86.
- NB Bancorp recently missed quarterly earnings estimates, reporting $0.38 EPS versus $0.54 expected, while analysts currently rate the stock a consensus Hold with a $24 average price target.
NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) CEO Joseph Campanelli acquired 3,000 shares of the firm's stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $19.18 per share, with a total value of $57,540.00. Following the transaction, the chief executive officer owned 377,790 shares in the company, valued at approximately $7,246,012.20. This trade represents a 0.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
NB Bancorp Stock Performance
Shares of NBBK opened at $19.47 on Tuesday. The firm has a 50-day moving average of $20.88 and a 200-day moving average of $20.56. NB Bancorp, Inc. has a one year low of $15.44 and a one year high of $22.86. The company has a market cap of $870.50 million, a PE ratio of 14.21 and a beta of 0.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.07 and a quick ratio of 1.06.
NB Bancorp (NASDAQ:NBBK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.16). NB Bancorp had a net margin of 13.81% and a return on equity of 8.57%. The firm had revenue of $69.38 million during the quarter, compared to the consensus estimate of $70.83 million. As a group, equities analysts forecast that NB Bancorp, Inc. will post 2.02 earnings per share for the current year.
NB Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th will be given 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 of this dividend is Wednesday, May 6th. NB Bancorp's dividend payout ratio (DPR) is 20.44%.
Institutional Trading of NB Bancorp
A number of hedge funds have recently modified their holdings of the stock. Pertento Partners LLP lifted its stake in shares of NB Bancorp by 10.9% during the 4th quarter. Pertento Partners LLP now owns 2,343,776 shares of the company's stock worth $46,454,000 after buying an additional 229,440 shares during the last quarter. Vanguard Group Inc. raised its stake in NB Bancorp by 18.0% in the 4th quarter. Vanguard Group Inc. now owns 2,301,034 shares of the company's stock worth $45,606,000 after purchasing an additional 350,899 shares in the last quarter. Geode Capital Management LLC raised its stake in NB Bancorp by 10.3% in the 4th quarter. Geode Capital Management LLC now owns 966,662 shares of the company's stock worth $19,162,000 after purchasing an additional 90,014 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in NB Bancorp by 27.2% in 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 in the last quarter. Finally, AltraVue Capital LLC acquired a new stake in NB Bancorp in the 4th quarter worth about $13,735,000.
Analyst Ratings Changes
A number of research analysts have recently commented on NBBK shares. Zacks Research downgraded shares of NB Bancorp from a "hold" rating to a "strong sell" rating in a research report on Monday, April 27th. Weiss Ratings restated a "hold (c)" rating on shares of NB Bancorp in a research note on Thursday, April 2nd. Finally, 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 note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NB Bancorp has an average rating of "Hold" and an average price target of $24.00.
Read Our Latest Stock Analysis on NBBK
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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