NB Bancorp, Inc. (NBBK) to Issue Quarterly Dividend of $0.07 on February 19th

NB Bancorp, Inc. (NASDAQ:NBBK) announced a quarterly dividend on Thursday, January 22nd. Investors of record on Thursday, February 5th will be given a dividend of 0.07 per share on Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, February 5th.

NB Bancorp Stock Performance

Shares of NBBK stock opened at $22.05 on Tuesday. NB Bancorp has a one year low of $15.09 and a one year high of $22.31. The company has a 50 day moving average price of $20.41 and a 200 day moving average price of $18.97. The firm has a market capitalization of $878.25 million, a price-to-earnings ratio of 16.46 and a beta of 0.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.07 and a current ratio of 1.07.

NB Bancorp (NASDAQ:NBBK) last posted its earnings results on Thursday, January 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. NB Bancorp had a net margin of 14.30% and a return on equity of 8.94%. The firm had revenue of $63.15 million during the quarter, compared to the consensus estimate of $75.75 million. Sell-side analysts anticipate that NB Bancorp will post 1.39 EPS for the current year.

Hedge Funds Weigh In On NB Bancorp

Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new stake in shares of NB Bancorp during the third quarter worth $28,000. CWM LLC raised its stake in NB Bancorp by 169.7% during the third quarter. CWM LLC now owns 3,457 shares of the company’s stock worth $61,000 after acquiring an additional 2,175 shares during the period. Russell Investments Group Ltd. lifted its holdings in NB Bancorp by 1,640.6% in the third quarter. Russell Investments Group Ltd. now owns 6,945 shares of the company’s stock worth $123,000 after acquiring an additional 6,546 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in NB Bancorp by 464.9% in the second quarter. Tower Research Capital LLC TRC now owns 8,022 shares of the company’s stock worth $143,000 after acquiring an additional 6,602 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in NB Bancorp in the third quarter valued at approximately $156,000.

About NB Bancorp

NB Bancorp, Inc (NASDAQ: NBBK) is the bank holding company for NB Bank, N.A., a full-service community bank headquartered in Newburyport, Massachusetts. Through a network of branches across Northeast Massachusetts and southern New Hampshire, the company offers deposit and lending services tailored to individuals and small- to medium-sized businesses.

The company’s core product lineup includes checking and savings accounts, money market deposits and certificates of deposit, along with residential mortgage loans, home equity lines of credit and commercial lending solutions.