Renaissance Technologies LLC Raises Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Renaissance Technologies LLC increased its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 117.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,500 shares of the company's stock after purchasing an additional 89,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.39% of NB Bancorp worth $2,989,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NBBK. Quantbot Technologies LP lifted its holdings in NB Bancorp by 375.5% in the 4th quarter. Quantbot Technologies LP now owns 6,191 shares of the company's stock valued at $112,000 after purchasing an additional 4,889 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of NB Bancorp during the fourth quarter worth about $128,000. Federated Hermes Inc. grew its holdings in NB Bancorp by 324.2% in the fourth quarter. Federated Hermes Inc. now owns 9,711 shares of the company's stock valued at $175,000 after purchasing an additional 7,422 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of NB Bancorp by 47.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,797 shares of the company's stock valued at $339,000 after acquiring an additional 6,047 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of NB Bancorp by 34.5% in the 4th quarter. Sei Investments Co. now owns 19,103 shares of the company's stock valued at $345,000 after purchasing an additional 4,900 shares during the last quarter.

Insider Activity at NB Bancorp

In other news, CEO Joseph P. Campanelli purchased 2,000 shares of NB Bancorp stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is owned by company insiders.

NB Bancorp Stock Down 0.4 %

NBBK stock traded down $0.08 during midday trading on Monday, hitting $17.01. 60,941 shares of the company's stock were exchanged, compared to its average volume of 263,111. NB Bancorp, Inc. has a 12-month low of $14.20 and a 12-month high of $21.05. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $711.92 million, a price-to-earnings ratio of 15.90 and a beta of 0.50. The firm has a 50 day moving average price of $17.79 and a 200-day moving average price of $18.60.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. The firm had revenue of $47.39 million for the quarter, compared to the consensus estimate of $44.50 million. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. On average, analysts anticipate that NB Bancorp, Inc. will post 1.39 EPS for the current year.

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.