Insider Buying: NB Bancorp (NASDAQ:NBBK) CFO Buys $20,420.00 in Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CFO Jean-Pierre Lapointe bought 1,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was purchased at an average cost of $20.42 per share, for a total transaction of $20,420.00. Following the transaction, the chief financial officer directly owned 110,331 shares of the company’s stock, valued at $2,252,959.02. The trade was a 0.91% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NB Bancorp Stock Performance

Shares of NASDAQ NBBK opened at $20.92 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.08 and a quick ratio of 1.06. The firm has a market cap of $953.95 million, a price-to-earnings ratio of 15.61 and a beta of 0.34. The stock’s fifty day moving average price is $21.09 and its two-hundred day moving average price is $19.68. NB Bancorp, Inc. has a one year low of $15.09 and a one year high of $22.70.

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

NB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, February 5th. NB Bancorp’s dividend payout ratio is presently 20.90%.

Hedge Funds Weigh In On NB Bancorp

A number of institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in shares of NB Bancorp by 75.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,286 shares of the company’s stock worth $25,000 after buying an additional 553 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in NB Bancorp during the 3rd quarter worth $28,000. Kestra Advisory Services LLC bought a new position in NB Bancorp in the fourth quarter valued at about $46,000. SHP Wealth Management bought a new stake in shares of NB Bancorp during the fourth quarter worth about $68,000. Finally, CWM LLC grew its holdings in shares of NB Bancorp by 169.7% during the third quarter. CWM LLC now owns 3,457 shares of the company’s stock worth $61,000 after purchasing an additional 2,175 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of NB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Piper Sandler restated an “overweight” rating and set a $23.00 price objective (up from $22.00) on shares of NB Bancorp in a research note on Thursday, November 20th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.00.

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.