NB Bancorp (NASDAQ:NBBK) Director Hope Pascucci Buys 20,000 Shares

NB Bancorp, Inc. (NASDAQ:NBBK) Director Hope Pascucci acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average cost of $19.46 per share, for a total transaction of $389,200.00. Following the completion of the transaction, the director directly owned 142,402 shares in the company, valued at $2,771,142.92. The trade was a 16.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

NB Bancorp Stock Up 3.4%

NBBK stock traded up $0.65 during trading on Friday, hitting $19.81. 786,521 shares of the stock traded hands, compared to its average volume of 323,482. NB Bancorp, Inc. has a 1 year low of $15.44 and a 1 year high of $22.86. The firm’s 50 day moving average is $21.46 and its two-hundred day moving average is $20.29. The stock has a market cap of $894.59 million, a price-to-earnings ratio of 14.46 and a beta of 0.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.08 and a quick ratio of 1.06.

NB Bancorp (NASDAQ:NBBK) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.16). NB Bancorp had a net margin of 13.81% and a return on equity of 8.75%. The firm had revenue of $69.38 million for the quarter, compared to analysts’ expectations of $70.83 million. On average, sell-side analysts anticipate that NB Bancorp, Inc. will post 2.34 EPS for the current year.

NB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, May 6th. This represents a $0.28 annualized dividend and a yield of 1.4%. NB Bancorp’s dividend payout ratio is currently 20.90%.

Institutional Investors Weigh In On NB Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northeast Investment Management raised its stake in NB Bancorp by 43.8% during the 4th quarter. Northeast Investment Management now owns 23,000 shares of the company’s stock worth $456,000 after acquiring an additional 7,000 shares during the period. Arizona State Retirement System bought a new stake in NB Bancorp during the 4th quarter worth approximately $215,000. Four Tree Island Advisory LLC bought a new stake in NB Bancorp during the 4th quarter worth approximately $425,000. Round Rock Advisors LLC raised its stake in NB Bancorp by 52.8% during the 4th quarter. Round Rock Advisors LLC now owns 51,906 shares of the company’s stock worth $1,029,000 after acquiring an additional 17,936 shares during the period. Finally, Rockland Trust Co. bought a new stake in NB Bancorp during the 4th quarter worth approximately $317,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NBBK shares. Piper Sandler lowered their target price on shares of NB Bancorp from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of NB Bancorp in a research note on Thursday, April 2nd. Finally, Zacks Research cut shares of NB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.00.

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.