Insider Buying: NB Bancorp, Inc. (NASDAQ:NBBK) COO Acquires 6,900 Shares of Stock

NB Bancorp, Inc. (NASDAQ:NBBK) COO Salvatore J. Rinaldi bought 6,900 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were bought at an average cost of $14.50 per share, for a total transaction of $100,050.00. Following the purchase, the chief operating officer now directly owns 21,319 shares in the company, valued at approximately $309,125.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NB Bancorp Trading Up 0.1 %

Shares of NB Bancorp stock opened at $14.62 on Friday. NB Bancorp, Inc. has a 1 year low of $13.10 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a 50-day simple moving average of $13.83.

NB Bancorp (NASDAQ:NBBK) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The company had revenue of $42.13 million during the quarter, compared to the consensus estimate of $38.30 million. Equities research analysts forecast that NB Bancorp, Inc. will post 0.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Piper Sandler began coverage on NB Bancorp in a research report on Tuesday, April 9th. They issued an “overweight” rating and a $17.00 target price for the company.

Institutional Investors Weigh In On NB Bancorp

A number of institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new position in NB Bancorp in the 1st quarter worth about $273,000. BNP Paribas Financial Markets bought a new position in shares of NB Bancorp in the first quarter worth approximately $85,000. Gray Private Wealth LLC purchased a new stake in shares of NB Bancorp during the first quarter valued at approximately $145,000. Barry Investment Advisors LLC bought a new stake in shares of NB Bancorp during the first quarter valued at approximately $273,000. Finally, Hennessy Advisors Inc. purchased a new position in NB Bancorp in the 1st quarter worth approximately $2,595,000.

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.