NB Bancorp, Inc. (NASDAQ:NBBK) CEO Buys $218,850.00 in Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph P. Campanelli bought 15,000 shares of NB Bancorp stock in a transaction dated Friday, April 26th. The shares were bought at an average price of $14.59 per share, for a total transaction of $218,850.00. Following the completion of the transaction, the chief executive officer now directly owns 45,000 shares of the company’s stock, valued at approximately $656,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NB Bancorp Trading Down 0.1 %

NB Bancorp stock opened at $14.61 on Thursday. NB Bancorp, Inc. has a 12-month low of $13.10 and a 12-month high of $14.85. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $13.81.

NB Bancorp (NASDAQ:NBBK) last issued its earnings results on Wednesday, April 24th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $42.13 million during the quarter, compared to the consensus estimate of $38.30 million. Equities research analysts forecast that NB Bancorp, Inc. will post 0.91 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Piper Sandler began coverage on NB Bancorp in a report on Tuesday, April 9th. They set an “overweight” rating and a $17.00 price objective on the stock.

Institutional Trading of NB Bancorp

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new position in shares of NB Bancorp in the 4th quarter worth $7,232,000. Great Oak Capital Partners LLC acquired a new position in NB Bancorp in the fourth quarter valued at about $4,238,000. Hennessy Advisors Inc. bought a new position in NB Bancorp during the first quarter worth about $2,595,000. Farley Capital L.P. acquired a new position in shares of NB Bancorp during the 4th quarter worth about $1,076,000. Finally, Stilwell Value LLC bought a new stake in shares of NB Bancorp in the 4th quarter valued at about $1,076,000.

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.