NB Bancorp, Inc. (NASDAQ:NBBK) Shares Sold by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. decreased its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 197,043 shares of the company's stock after selling 52,499 shares during the quarter. Stieven Capital Advisors L.P. owned about 0.46% of NB Bancorp worth $3,559,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV purchased a new position in NB Bancorp during the third quarter worth approximately $28,000. Quarry LP purchased a new position in NB Bancorp during the third quarter worth approximately $33,000. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 3,611 shares during the period. Centiva Capital LP purchased a new stake in NB Bancorp in the third quarter valued at $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in NB Bancorp in the third quarter valued at $235,000.

Insider Activity

In other news, Director Hope Pascucci acquired 40,000 shares of the company's stock in a transaction dated Friday, January 24th. The stock was acquired at an average cost of $18.53 per share, with a total value of $741,200.00. Following the completion of the purchase, the director now 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 acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.70% of the company's stock.

NB Bancorp Trading Down 0.5 %

NASDAQ:NBBK traded down $0.10 on Wednesday, reaching $19.27. The company's stock had a trading volume of 129,098 shares, compared to its average volume of 248,528. NB Bancorp, Inc. has a 12-month low of $13.26 and a 12-month 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 50 day moving average price of $18.65 and a 200 day moving average price of $18.71. The firm has a market cap of $823.02 million, a price-to-earnings ratio of 18.01 and a beta of 0.12.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.34 earnings per share for the quarter, beating 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, equities analysts anticipate that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Piper Sandler lifted their target price on NB Bancorp from $21.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st.

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.