NB Bancorp (NASDAQ:NBBK) CEO Joseph Campanelli Purchases 2,500 Shares

NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph Campanelli acquired 2,500 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of $20.16 per share, for a total transaction of $50,400.00. Following the completion of the acquisition, the chief executive officer directly owned 396,661 shares in the company, valued at approximately $7,996,685.76. The trade was a 0.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

NB Bancorp Stock Performance

Shares of NASDAQ:NBBK traded up $0.47 during midday trading on Thursday, reaching $20.60. The company’s stock had a trading volume of 211,460 shares, compared to its average volume of 336,043. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average of $21.18 and a 200 day moving average of $19.74. NB Bancorp, Inc. has a twelve month low of $15.09 and a twelve month high of $22.70. The firm has a market capitalization of $939.36 million, a PE ratio of 15.37 and a beta of 0.34.

NB Bancorp (NASDAQ:NBBK) last posted its earnings results on Thursday, January 22nd. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.71. The company had revenue of $63.36 million during the quarter, compared to the consensus estimate of $75.75 million. NB Bancorp had a net margin of 14.30% and a return on equity of 8.58%. On average, equities analysts expect that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

NB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were paid a $0.07 dividend. The ex-dividend date was Thursday, February 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. NB Bancorp’s dividend payout ratio is presently 20.90%.

Hedge Funds Weigh In On NB Bancorp

A number of large investors have recently bought and sold shares of the business. AltraVue Capital LLC acquired a new stake in NB Bancorp in the fourth quarter valued at approximately $13,735,000. Tieton Capital Management LLC acquired a new position in shares of NB Bancorp during the 4th quarter worth approximately $10,404,000. Vanguard Group Inc. lifted its position in shares of NB Bancorp by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 2,301,034 shares of the company’s stock valued at $45,606,000 after buying an additional 350,899 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of NB Bancorp during the 4th quarter valued at approximately $5,709,000. Finally, UBS Group AG grew its stake in NB Bancorp by 264.4% in the 3rd quarter. UBS Group AG now owns 378,353 shares of the company’s stock valued at $6,678,000 after acquiring an additional 274,511 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NBBK shares. Zacks Research cut NB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Piper Sandler reaffirmed an “overweight” rating and set a $24.00 price objective on shares of NB Bancorp in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

About NB Bancorp

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.