Hope Pascucci Acquires 40,000 Shares of NB Bancorp, Inc. (NASDAQ:NBBK) Stock

NB Bancorp, Inc. (NASDAQ:NBBK) Director Hope Pascucci acquired 40,000 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was acquired at an average cost of $18.53 per share, for a total transaction of $741,200.00. Following the transaction, the director now owns 40,075 shares of the company’s stock, valued at $742,589.75. This represents a 53,333.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NB Bancorp Stock Performance

Shares of NASDAQ NBBK opened at $19.38 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50 day moving average price of $18.93 and a 200 day moving average price of $18.53. The stock has a market capitalization of $827.72 million and a PE ratio of 18.11. NB Bancorp, Inc. has a 52 week low of $13.26 and a 52 week high of $21.05.

NB Bancorp (NASDAQ:NBBK) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. Analysts predict that NB Bancorp, Inc. will post 1.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their price target on shares of NB Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st.

Institutional Trading of NB Bancorp

A number of large investors have recently added to or reduced their stakes in NBBK. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of NB Bancorp in the 3rd quarter valued at about $6,129,000. Wellington Management Group LLP increased its position in NB Bancorp by 24.2% during the third quarter. Wellington Management Group LLP now owns 1,493,601 shares of the company’s stock worth $27,721,000 after buying an additional 290,818 shares during the last quarter. FMR LLC raised its stake in NB Bancorp by 17,265.9% in the third quarter. FMR LLC now owns 230,445 shares of the company’s stock valued at $4,277,000 after buying an additional 229,118 shares during the period. State Street Corp lifted its position in shares of NB Bancorp by 16.5% in the third quarter. State Street Corp now owns 994,380 shares of the company’s stock valued at $18,456,000 after buying an additional 140,960 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of NB Bancorp by 1,756.0% during the 3rd quarter. International Assets Investment Management LLC now owns 128,064 shares of the company’s stock worth $2,377,000 after acquiring an additional 121,164 shares during the period.

NB Bancorp Company Profile

NB Bancorp, Inc focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in Greater Boston metropolitan area and surrounding communities in Massachusetts, eastern Connecticut, southern New Hampshire, and Rhode Island. The company offers various deposits, including certificate of deposit, individual retirement, money market, savings, NOW, demand deposit, and interest-bearing and noninterest-bearing checking accounts; and commercial real estate and multifamily, one- to four-family residential real estate, construction and land development, commercial and industrial, and consumer loans, as well as home equity loans and lines of credit.