NB Bancorp, Inc. (NBBK) to Issue Quarterly Dividend of $0.07 on August 19th

NB Bancorp, Inc. (NASDAQ:NBBK) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Wednesday, August 5th will be given a dividend of 0.07 per share on Wednesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 5th.

NB Bancorp Stock Up 5.7%

Shares of NASDAQ:NBBK opened at $22.29 on Friday. The firm has a 50 day simple moving average of $20.52 and a 200 day simple moving average of $20.86. NB Bancorp has a 52 week low of $16.76 and a 52 week high of $22.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.07. The company has a market cap of $996.59 million, a PE ratio of 14.76 and a beta of 0.03.

NB Bancorp (NASDAQ:NBBK) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $74.70 million for the quarter, compared to the consensus estimate of $72.74 million. NB Bancorp had a return on equity of 9.21% and a net margin of 14.27%. As a group, research analysts expect that NB Bancorp will post 2.02 earnings per share for the current year.

Insider Buying and Selling at NB Bancorp

In other NB Bancorp news, CEO Joseph P. Campanelli acquired 3,000 shares of NB Bancorp stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $19.18 per share, with a total value of $57,540.00. Following the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On NB Bancorp

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake 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 worth $45,606,000 after acquiring an additional 350,899 shares in the last quarter. Legato Capital Management LLC bought a new position in shares of NB Bancorp in the 4th quarter valued at approximately $3,396,000. Tieton Capital Management LLC bought a new position in shares of NB Bancorp in the 4th quarter valued at approximately $10,404,000. OP Asset Management Ltd acquired a new stake in NB Bancorp in the 1st quarter worth approximately $1,230,000. Finally, International Assets Investment Management LLC lifted its holdings in NB Bancorp by 50.8% in the 1st quarter. International Assets Investment Management LLC now owns 131,013 shares of the company’s stock worth $2,784,000 after purchasing an additional 44,113 shares during the last quarter.

NB Bancorp Company Profile

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.