Lynch & Associates IN Sells 8,172 Shares of NB Bancorp, Inc. (NASDAQ:NBBK)

Lynch & Associates IN decreased its position in NB Bancorp, Inc. (NASDAQ:NBBK) by 11.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 60,226 shares of the company’s stock after selling 8,172 shares during the quarter. Lynch & Associates IN’s holdings in NB Bancorp were worth $1,088,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Northern Trust Corp lifted its position in NB Bancorp by 4.7% in the 4th quarter. Northern Trust Corp now owns 358,539 shares of the company’s stock worth $6,475,000 after buying an additional 15,985 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in NB Bancorp by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company’s stock worth $5,769,000 after buying an additional 4,138 shares during the last quarter. JPMorgan Chase & Co. lifted its position in NB Bancorp by 23.9% in the fourth quarter. JPMorgan Chase & Co. now owns 247,482 shares of the company’s stock valued at $4,470,000 after purchasing an additional 47,678 shares during the last quarter. Millennium Management LLC lifted its position in NB Bancorp by 143.6% in the fourth 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 during the last quarter. Finally, Deutsche Bank AG lifted its position in NB Bancorp by 7.7% in the fourth quarter. Deutsche Bank AG now owns 184,409 shares of the company’s stock valued at $3,330,000 after purchasing an additional 13,124 shares during the last quarter.

NB Bancorp Stock Performance

Shares of NBBK stock opened at $16.17 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10. NB Bancorp, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $21.05. The stock has a 50 day moving average price of $16.88 and a two-hundred day moving average price of $18.01. The company has a market capitalization of $656.02 million, a P/E ratio of 15.11 and a beta of 0.41.

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

Insider Buying and Selling at NB Bancorp

In other NB Bancorp news, Director Francis Orfanello bought 5,000 shares of NB Bancorp stock in a transaction dated Tuesday, April 29th. The shares were purchased 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 of the company’s stock, valued at approximately $2,225,750.33. This represents a 3.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.

NB Bancorp 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.