Focus Partners Wealth Buys Shares of 89,000 NB Bancorp, Inc. (NASDAQ:NBBK)

Focus Partners Wealth bought a new stake in NB Bancorp, Inc. (NASDAQ:NBBK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 89,000 shares of the company’s stock, valued at approximately $1,607,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in NB Bancorp by 87.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company’s stock valued at $80,000 after purchasing an additional 2,073 shares during the period. Quantbot Technologies LP raised its position in NB Bancorp by 375.5% in the fourth quarter. Quantbot Technologies LP now owns 6,191 shares of the company’s stock valued at $112,000 after purchasing an additional 4,889 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in NB Bancorp in the fourth quarter valued at $128,000. Federated Hermes Inc. raised its position in NB Bancorp by 324.2% in the fourth quarter. Federated Hermes Inc. now owns 9,711 shares of the company’s stock valued at $175,000 after purchasing an additional 7,422 shares during the period. Finally, D. E. Shaw & Co. Inc. purchased a new stake in NB Bancorp in the fourth quarter valued at $212,000.

Insider Activity at NB Bancorp

In other news, CEO Joseph P. Campanelli bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $17.75 per share, with a total value of $35,500.00. Following the transaction, the chief executive officer now directly owns 55,000 shares in the company, valued at $976,250. This trade represents a 3.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Francis Orfanello acquired 5,000 shares of NB Bancorp stock in a transaction on Tuesday, April 29th. The shares were bought at an average cost of $17.09 per share, with a total value of $85,450.00. Following the completion of the purchase, the director now owns 130,237 shares in the company, valued at $2,225,750.33. The trade was a 3.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 7,500 shares of company stock worth $130,320. 1.90% of the stock is currently owned by company insiders.

NB Bancorp Price Performance

NASDAQ:NBBK opened at $17.56 on Friday. 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 capitalization of $734.76 million, a P/E ratio of 16.41 and a beta of 0.57. NB Bancorp, Inc. has a 52 week low of $14.20 and a 52 week high of $21.05. The stock’s fifty day moving average is $17.39 and its two-hundred day moving average is $18.50.

NB Bancorp (NASDAQ:NBBK) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $47.39 million for the quarter, compared to the consensus estimate of $44.50 million. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. Equities analysts expect that NB Bancorp, Inc. will post 1.39 EPS for the current year.

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.