NB Bancorp, Inc.’s (NASDAQ:NBBK) Lock-Up Period To End on June 25th

NB Bancorp’s (NASDAQ:NBBK) lock-up period will end on Tuesday, June 25th. NB Bancorp had issued 40,997,500 shares in its initial public offering on December 28th. The total size of the offering was $409,975,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler assumed 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.

NB Bancorp Trading Down 1.0 %

Shares of NASDAQ NBBK opened at $14.55 on Tuesday. NB Bancorp has a twelve month low of $13.10 and a twelve month high of $16.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $14.81.

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

Insider Activity at NB Bancorp

In related news, COO Salvatore J. Rinaldi acquired 6,900 shares of NB Bancorp stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average price of $14.50 per share, for a total transaction of $100,050.00. Following the transaction, the chief operating officer now directly owns 21,319 shares of the company’s stock, valued at approximately $309,125.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other NB Bancorp news, COO Salvatore J. Rinaldi purchased 6,900 shares of NB Bancorp stock in a transaction on Monday, April 29th. The stock was bought at an average price of $14.50 per share, for a total transaction of $100,050.00. Following the transaction, the chief operating officer now owns 21,319 shares of the company’s stock, valued at approximately $309,125.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jean-Pierre Lapointe purchased 3,095 shares of NB Bancorp stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $15.05 per share, with a total value of $46,579.75. Following the transaction, the chief financial officer now directly owns 3,124 shares in the company, valued at approximately $47,016.20. The disclosure for this purchase can be found here. Insiders purchased 25,995 shares of company stock worth $381,190 in the last 90 days. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new stake in shares of NB Bancorp in the 1st quarter worth $85,000. Gray Private Wealth LLC bought a new stake in shares of NB Bancorp in the 1st quarter worth $145,000. Oppenheimer & Close LLC raised its stake in shares of NB Bancorp by 22.1% in the 1st quarter. Oppenheimer & Close LLC now owns 82,999 shares of the company’s stock worth $1,134,000 after buying an additional 15,000 shares in the last quarter. Barry Investment Advisors LLC bought a new stake in shares of NB Bancorp in the 1st quarter worth $273,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of NB Bancorp in the 1st quarter worth $273,000.

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.