NB Bancorp (NASDAQ:NBBK) Sees Unusually-High Trading Volume - What's Next?

NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) saw strong trading volume on Friday . 246,115 shares changed hands during trading, a decline of 9% from the previous session's volume of 271,565 shares.The stock last traded at $18.20 and had previously closed at $18.60.

NB Bancorp Trading Down 1.9 %

The company has a 50-day moving average price of $18.54 and a two-hundred day moving average price of $18.83. The stock has a market cap of $752.05 million, a P/E ratio of 16.46 and a beta of 0.16. 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 (NASDAQ:NBBK - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $0.34 EPS for the quarter, topping 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, research analysts expect that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

Insider Activity

In related news, Director Hope Pascucci purchased 40,000 shares of the company's stock in a transaction on Friday, January 24th. The stock was acquired at an average cost of $18.53 per share, for a total transaction of $741,200.00. Following the completion of the transaction, the director now directly owns 40,075 shares in the company, valued at approximately $742,589.75. The trade was a 53,333.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.70% of the company's stock.

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Hedge Funds Weigh In On NB Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its stake 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of NB Bancorp during the 3rd quarter worth about $952,000. Barclays PLC grew its holdings in shares of NB Bancorp by 73.0% during the 3rd quarter. Barclays PLC now owns 81,114 shares of the company's stock worth $1,506,000 after purchasing an additional 34,235 shares during the period. BNP Paribas Financial Markets increased its holdings in NB Bancorp by 78.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 76,319 shares of the company's stock valued at $1,416,000 after purchasing an additional 33,477 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of NB Bancorp by 1.9% during the third quarter. Geode Capital Management LLC now owns 885,243 shares of the company's stock valued at $16,433,000 after purchasing an additional 16,270 shares during the period.

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.