International Assets Investment Management LLC Takes Position in NB Bancorp, Inc. (NASDAQ:NBBK)

International Assets Investment Management LLC purchased a new position in NB Bancorp, Inc. (NASDAQ:NBBK) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 54,600 shares of the company’s stock, valued at approximately $987,000.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in NB Bancorp by 143.6% in the 4th quarter. Millennium Management LLC now owns 224,170 shares of the company’s stock valued at $4,049,000 after purchasing an additional 132,130 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of NB Bancorp by 117.2% in the fourth quarter. Renaissance Technologies LLC now owns 165,500 shares of the company’s stock valued at $2,989,000 after buying an additional 89,300 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of NB Bancorp in the fourth quarter worth about $1,607,000. JPMorgan Chase & Co. boosted its position in NB Bancorp by 23.9% during the fourth quarter. JPMorgan Chase & Co. now owns 247,482 shares of the company’s stock worth $4,470,000 after acquiring an additional 47,678 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in NB Bancorp by 79.5% during the fourth quarter. Ameriprise Financial Inc. now owns 79,500 shares of the company’s stock worth $1,436,000 after acquiring an additional 35,200 shares during the last quarter.

NB Bancorp Price Performance

NBBK stock opened at $17.08 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $16.92 and a two-hundred day moving average of $17.87. NB Bancorp, Inc. has a 12 month low of $14.25 and a 12 month high of $21.05. The company has a market cap of $692.94 million, a price-to-earnings ratio of 14.47 and a beta of 0.41.

NB Bancorp (NASDAQ:NBBK) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. NB Bancorp had a return on equity of 6.61% and a net margin of 14.73%. The business had revenue of $47.39 million during the quarter, compared to analyst estimates of $44.50 million. As a group, analysts forecast that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Francis Orfanello purchased 5,000 shares of NB Bancorp stock in a transaction dated Tuesday, April 29th. The shares were acquired at an average price of $17.09 per share, for a total transaction of $85,450.00. Following the acquisition, the director now directly owns 130,237 shares in the company, valued at approximately $2,225,750.33. The trade was a 3.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate 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.