NB Bancorp (NASDAQ:NBBK - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.35 EPS for the quarter, hitting analysts' consensus estimates of $0.35, Zacks reports. The business had revenue of $47.39 million for the quarter, compared to analyst estimates of $44.50 million. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%.
NB Bancorp Stock Performance
Shares of NASDAQ:NBBK traded up $0.09 during midday trading on Friday, reaching $17.09. The company had a trading volume of 146,042 shares, compared to its average volume of 263,904. The stock has a market cap of $715.10 million, a P/E ratio of 15.97 and a beta of 0.50. The company's 50 day moving average price is $17.79 and its 200 day moving average price is $18.60. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. NB Bancorp has a 52-week low of $14.20 and a 52-week high of $21.05.
Insider Buying and Selling
In other news, CEO Joseph P. Campanelli bought 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $17.75 per share, with a total value 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 represents a 3.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by corporate insiders.
About NB Bancorp
(
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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.
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