Victory Capital Management Inc. Buys 22,366 Shares of NB Bancorp, Inc. (NASDAQ:NBBK)

Victory Capital Management Inc. increased its position in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 23.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,119 shares of the company's stock after buying an additional 22,366 shares during the quarter. Victory Capital Management Inc. owned 0.28% of NB Bancorp worth $2,133,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NBBK. Charles Schwab Investment Management Inc. grew its position in shares of NB Bancorp by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company's stock worth $5,769,000 after buying an additional 4,138 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in NB Bancorp by 7.9% in the fourth quarter. Bank of New York Mellon Corp now owns 101,629 shares of the company's stock worth $1,835,000 after acquiring an additional 7,408 shares during the period. Rhumbline Advisers boosted its holdings in NB Bancorp by 44.4% in the fourth quarter. Rhumbline Advisers now owns 77,677 shares of the company's stock valued at $1,403,000 after acquiring an additional 23,870 shares in the last quarter. Hennessy Advisors Inc. increased its position in NB Bancorp by 24.2% during the 4th quarter. Hennessy Advisors Inc. now owns 205,000 shares of the company's stock valued at $3,702,000 after purchasing an additional 40,000 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in NB Bancorp by 119.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 199,804 shares of the company's stock worth $3,708,000 after purchasing an additional 108,774 shares in the last quarter.

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NB Bancorp Trading Down 1.3 %

Shares of NBBK traded down $0.25 during trading hours on Friday, reaching $18.62. 241,770 shares of the company traded hands, compared to its average volume of 254,851. 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 company's fifty day moving average price is $18.66 and its two-hundred day moving average price is $18.81. The company has a market capitalization of $779.03 million, a price-to-earnings ratio of 17.40 and a beta of 0.17.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last posted its quarterly earnings data 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%. Equities research analysts predict that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NB Bancorp news, CEO Joseph P. Campanelli acquired 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $17.75 per share, with a total value of $35,500.00. Following the completion of the purchase, the chief executive officer now directly owns 55,000 shares of the company's stock, valued at approximately $976,250. The trade was a 3.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hope Pascucci acquired 40,000 shares of the business's stock in a transaction on Friday, January 24th. The stock was acquired at an average price of $18.53 per share, for a total transaction of $741,200.00. Following the acquisition, the director now owns 40,075 shares of the company's stock, valued at approximately $742,589.75. This trade represents a 53,333.33 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 43,400 shares of company stock valued at $803,035 over the last ninety days. Company insiders own 1.70% of the company's stock.

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.