Rhumbline Advisers Boosts Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Rhumbline Advisers boosted its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 44.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,677 shares of the company's stock after buying an additional 23,870 shares during the period. Rhumbline Advisers owned 0.18% of NB Bancorp worth $1,403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Resources Management Corp CT ADV bought a new stake in shares of NB Bancorp in the 3rd quarter valued at about $28,000. Quarry LP acquired a new stake in NB Bancorp in the third quarter valued at approximately $33,000. Charles Schwab Investment Management Inc. boosted its stake in NB Bancorp by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 315,298 shares of the company's stock valued at $5,852,000 after acquiring an additional 3,611 shares in the last quarter. Centiva Capital LP purchased a new position in NB Bancorp in the third quarter worth $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of NB Bancorp during the 3rd quarter valued at $235,000.

NB Bancorp Stock Down 2.0 %

Shares of NB Bancorp stock traded down $0.37 during trading on Friday, reaching $18.23. The company's stock had a trading volume of 436,847 shares, compared to its average volume of 271,904. NB Bancorp, Inc. has a 1-year low of $13.26 and a 1-year high of $21.05. The company has a 50-day simple moving average of $18.56 and a two-hundred day simple moving average of $18.82. 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 company has a market cap of $778.53 million, a price-to-earnings ratio of 17.04 and a beta of 0.12.

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NB Bancorp (NASDAQ:NBBK - Get Free Report) last issued 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%. As a group, equities analysts forecast that NB Bancorp, Inc. will post 1.39 earnings per share for the current year.

Insider Buying and Selling at NB Bancorp

In related news, Director Hope Pascucci acquired 40,000 shares of the stock in a transaction dated 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 purchase, the director now 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by company insiders.

NB Bancorp Company 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.