NB Bancorp, Inc. (NASDAQ:NBBK) CEO Buys $35,500.00 in Stock

NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) CEO Joseph P. Campanelli bought 2,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the chief executive officer now directly owns 55,000 shares of the company's stock, valued at $976,250. This trade represents a 3.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NB Bancorp Stock Performance

Shares of NBBK stock traded up $0.15 during trading hours on Monday, reaching $18.72. The stock had a trading volume of 209,309 shares, compared to its average volume of 256,580. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50-day simple moving average of $18.55 and a 200-day simple moving average of $18.82. The firm has a market capitalization of $783.30 million, a PE ratio of 17.50 and a beta of 0.16. NB Bancorp, Inc. has a twelve month low of $13.26 and a twelve month high of $21.05.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. As a group, equities analysts forecast that NB Bancorp, Inc. will post 1.39 earnings per share for the current year.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NBBK. Charles Schwab Investment Management Inc. raised its holdings in NB Bancorp by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 315,298 shares of the company's stock worth $5,852,000 after purchasing an additional 3,611 shares in the last quarter. FMR LLC lifted its holdings in shares of NB Bancorp by 17,265.9% in the third quarter. FMR LLC now owns 230,445 shares of the company's stock valued at $4,277,000 after buying an additional 229,118 shares during the period. BNP Paribas Financial Markets grew its holdings in NB Bancorp by 78.1% during the third quarter. BNP Paribas Financial Markets now owns 76,319 shares of the company's stock worth $1,416,000 after acquiring an additional 33,477 shares during the period. MetLife Investment Management LLC raised its position in NB Bancorp by 129.1% in the third quarter. MetLife Investment Management LLC now owns 22,958 shares of the company's stock worth $426,000 after acquiring an additional 12,936 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NB Bancorp in the 3rd quarter valued at about $235,000.

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.