NB Bancorp, Inc. (NASDAQ:NBBK) Short Interest Update

NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 913,400 shares, a decline of 17.7% from the February 13th total of 1,110,000 shares. Based on an average daily volume of 227,700 shares, the days-to-cover ratio is presently 4.0 days. Approximately 2.4% of the shares of the company are sold short.

Insider Buying and Selling at NB Bancorp

In related news, CEO Joseph P. Campanelli bought 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the purchase, the chief executive officer now directly owns 55,000 shares of the company's stock, valued at $976,250. This represents a 3.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hope Pascucci bought 40,000 shares of the stock in a transaction dated Friday, January 24th. The stock was bought at an average price of $18.53 per share, for a total transaction of $741,200.00. Following the purchase, the director now directly owns 40,075 shares of the company's stock, valued at approximately $742,589.75. The trade was a 53,333.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 43,400 shares of company stock worth $803,035. 1.70% of the stock is currently owned by insiders.

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Hedge Funds Weigh In On NB Bancorp

Large investors have recently bought and sold shares of the business. Resources Management Corp CT ADV acquired a new position in NB Bancorp in the 3rd quarter worth about $28,000. Quarry LP acquired a new position in NB Bancorp in the 3rd quarter worth about $33,000. Tower Research Capital LLC TRC raised its holdings in NB Bancorp by 87.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company's stock worth $80,000 after purchasing an additional 2,073 shares during the period. Quantbot Technologies LP raised 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 worth $112,000 after purchasing an additional 4,889 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in NB Bancorp in the 4th quarter worth about $128,000.

NB Bancorp Stock Performance

Shares of NBBK traded down $0.25 during mid-day trading on Friday, reaching $18.62. The company had a trading volume of 555,662 shares, compared to its average volume of 255,201. NB Bancorp has a 52-week low of $13.26 and a 52-week high of $21.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $779.12 million, a P/E ratio of 17.40 and a beta of 0.17. The stock has a 50 day moving average of $18.70 and a two-hundred day moving average of $18.81.

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, 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, analysts expect that NB Bancorp will post 1.39 earnings per share 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.