48,516 Shares in NB Bancorp, Inc. $NBBK Purchased by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. purchased a new position in shares of NB Bancorp, Inc. (NASDAQ:NBBK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 48,516 shares of the company’s stock, valued at approximately $962,000. Nixon Peabody Trust Co. owned about 0.12% of NB Bancorp as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC acquired a new stake in shares of NB Bancorp in the first quarter valued at approximately $253,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of NB Bancorp by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,127 shares of the company’s stock worth $418,000 after acquiring an additional 975 shares during the last quarter. Millennium Management LLC raised its stake in NB Bancorp by 13.1% in the 1st quarter. Millennium Management LLC now owns 253,543 shares of the company’s stock valued at $4,582,000 after acquiring an additional 29,373 shares during the period. Jane Street Group LLC raised its stake in NB Bancorp by 54.3% in the 1st quarter. Jane Street Group LLC now owns 54,613 shares of the company’s stock valued at $987,000 after acquiring an additional 19,213 shares during the period. Finally, Legal & General Group Plc lifted its holdings in NB Bancorp by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 62,014 shares of the company’s stock valued at $1,108,000 after purchasing an additional 2,237 shares during the last quarter.

NB Bancorp Stock Performance

NASDAQ:NBBK opened at $19.78 on Friday. The stock has a 50 day simple moving average of $20.78 and a 200 day simple moving average of $20.59. The stock has a market cap of $884.36 million, a P/E ratio of 14.44 and a beta of 0.06. NB Bancorp, Inc. has a 1-year low of $15.44 and a 1-year high of $22.86. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23.

NB Bancorp (NASDAQ:NBBK) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). The firm had revenue of $69.38 million during the quarter, compared to analyst estimates of $70.83 million. NB Bancorp had a net margin of 13.81% and a return on equity of 8.57%. Research analysts anticipate that NB Bancorp, Inc. will post 2.02 earnings per share for the current year.

NB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were paid a $0.07 dividend. The ex-dividend date was Wednesday, May 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. NB Bancorp’s dividend payout ratio is 20.44%.

Insider Activity

In other NB Bancorp news, Director Hope Pascucci acquired 20,000 shares of the business’s stock in a transaction on Friday, April 24th. The stock was purchased at an average price of $19.46 per share, with a total value of $389,200.00. Following the acquisition, the director directly owned 142,402 shares of the company’s stock, valued at approximately $2,771,142.92. This trade represents a 16.34% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph P. Campanelli acquired 5,000 shares of the business’s stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $20.77 per share, with a total value of $103,850.00. Following the acquisition, the chief executive officer directly owned 47,000 shares in the company, valued at approximately $976,190. This trade represents a 11.90% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 34,000 shares of company stock worth $670,035 over the last 90 days. 5.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on NBBK. Zacks Research cut shares of NB Bancorp from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Weiss Ratings restated a “hold (c)” rating on shares of NB Bancorp in a research note on Thursday, April 2nd. Finally, Piper Sandler reduced their target price on shares of NB Bancorp from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.00.

NB Bancorp Company Profile

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.