Insider Buying: NB Bancorp, Inc. (NASDAQ:NBBK) CEO Buys 2,000 Shares of Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph P. Campanelli acquired 2,000 shares of NB Bancorp stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the purchase, the chief executive officer now owns 55,000 shares in the company, valued at approximately $976,250. The trade was a 3.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NB Bancorp Stock Down 0.5 %

Shares of NB Bancorp stock traded down $0.09 during trading on Thursday, reaching $17.79. 174,647 shares of the company traded hands, compared to its average volume of 271,911. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10. NB Bancorp, Inc. has a 1-year low of $13.26 and a 1-year high of $21.05. The company has a 50 day moving average price of $18.54 and a 200-day moving average price of $18.82. The firm has a market capitalization of $744.39 million, a PE ratio of 16.63 and a beta of 0.16.

NB Bancorp (NASDAQ:NBBK) last released its earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. As a group, equities research analysts expect that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NBBK. Resources Management Corp CT ADV acquired a new position in shares of NB Bancorp during the 3rd quarter valued at $28,000. Quarry LP acquired a new position in shares of NB Bancorp during the 3rd quarter valued at $33,000. Tower Research Capital LLC TRC lifted its position in shares of NB Bancorp by 87.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company’s stock valued at $80,000 after acquiring an additional 2,073 shares during the period. Quantbot Technologies LP raised its holdings in NB Bancorp by 375.5% during the fourth quarter. Quantbot Technologies LP now owns 6,191 shares of the company’s stock worth $112,000 after buying an additional 4,889 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in NB Bancorp during the fourth quarter worth $128,000.

About NB Bancorp

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.