Vanguard Group Inc. Sells 228,039 Shares of NB Bancorp, Inc. (NASDAQ:NBBK)

Vanguard Group Inc. lessened its holdings in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,086,825 shares of the company's stock after selling 228,039 shares during the period. Vanguard Group Inc. owned 4.89% of NB Bancorp worth $37,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in shares of NB Bancorp by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company's stock valued at $5,769,000 after acquiring an additional 4,138 shares during the period. Quantbot Technologies LP lifted its position in NB Bancorp by 375.5% during the fourth quarter. Quantbot Technologies LP now owns 6,191 shares of the company's stock worth $112,000 after purchasing an additional 4,889 shares during the period. Sei Investments Co. grew its stake in NB Bancorp by 34.5% during the fourth quarter. Sei Investments Co. now owns 19,103 shares of the company's stock worth $345,000 after buying an additional 4,900 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in NB Bancorp by 47.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 18,797 shares of the company's stock valued at $339,000 after buying an additional 6,047 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of NB Bancorp in the 4th quarter valued at approximately $128,000.

Insider Activity at NB Bancorp

In other news, CEO Joseph P. Campanelli bought 2,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was purchased 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 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hope Pascucci purchased 40,000 shares of the business's stock in a transaction dated Friday, January 24th. The shares were purchased at an average cost of $18.53 per share, for a total transaction of $741,200.00. Following the completion of the purchase, the director now directly owns 40,075 shares of the company's stock, valued at approximately $742,589.75. This represents a 53,333.33 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 43,400 shares of company stock valued at $803,035. 1.90% of the stock is owned by insiders.

NB Bancorp Price Performance

NASDAQ:NBBK traded up $0.05 during mid-day trading on Friday, reaching $16.41. The stock had a trading volume of 216,038 shares, compared to its average volume of 267,523. NB Bancorp, Inc. has a 12 month low of $13.41 and a 12 month high of $21.05. The stock has a market capitalization of $686.64 million, a PE ratio of 15.34 and a beta of 0.50. 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 stock has a 50-day simple moving average of $18.04 and a two-hundred day simple moving average of $18.62.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.34 EPS for the quarter, topping 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%. On average, equities analysts anticipate that NB Bancorp, Inc. will post 1.39 earnings per share for the current year.

NB Bancorp Profile

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.