Pertento Partners LLP Cuts Stock Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Pertento Partners LLP trimmed its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,978,903 shares of the company's stock after selling 376,840 shares during the period. NB Bancorp accounts for approximately 3.0% of Pertento Partners LLP's portfolio, making the stock its 16th largest holding. Pertento Partners LLP owned 4.63% of NB Bancorp worth $35,739,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of NB Bancorp in the third quarter valued at approximately $6,129,000. Wellington Management Group LLP grew its stake in NB Bancorp by 24.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,493,601 shares of the company's stock valued at $27,721,000 after buying an additional 290,818 shares in the last quarter. FMR LLC raised its holdings in NB Bancorp by 17,265.9% during the 3rd quarter. FMR LLC now owns 230,445 shares of the company's stock valued at $4,277,000 after acquiring an additional 229,118 shares during the period. State Street Corp lifted its position in shares of NB Bancorp by 16.5% during the third quarter. State Street Corp now owns 994,380 shares of the company's stock worth $18,456,000 after acquiring an additional 140,960 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of NB Bancorp by 119.5% in the third quarter. JPMorgan Chase & Co. now owns 199,804 shares of the company's stock worth $3,708,000 after acquiring an additional 108,774 shares during the period.

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Insiders Place Their Bets

In other NB Bancorp news, CEO Joseph P. Campanelli purchased 2,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $17.75 per share, with a total value of $35,500.00. Following the acquisition, the chief executive officer now directly owns 55,000 shares in the company, valued at approximately $976,250. The trade was a 3.77 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hope Pascucci acquired 40,000 shares of the business's stock in a transaction dated Friday, January 24th. The shares were acquired at an average cost of $18.53 per share, with a total value of $741,200.00. Following the acquisition, the director now directly owns 40,075 shares of the company's stock, valued at $742,589.75. This represents a 53,333.33 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 43,400 shares of company stock worth $803,035 in the last three months. 1.90% of the stock is currently owned by corporate insiders.

NB Bancorp Stock Performance

Shares of NASDAQ:NBBK traded down $0.09 during midday trading on Wednesday, reaching $17.88. 54,990 shares of the company traded hands, compared to its average volume of 262,902. The firm's fifty day moving average price is $18.86 and its two-hundred day moving average price is $18.85. The firm has a market capitalization of $748.15 million, a price-to-earnings ratio of 16.71 and a beta of 0.16. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. NB Bancorp, Inc. has a 12 month low of $13.26 and a 12 month high of $21.05.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 expect that NB Bancorp, Inc. 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.