NB Bancorp (NASDAQ:NBBK) CEO Joseph Campanelli Buys 3,000 Shares of Stock

NB Bancorp, Inc. (NASDAQ:NBBKGet Free Report) CEO Joseph Campanelli bought 3,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was purchased at an average price of $19.18 per share, for a total transaction of $57,540.00. Following the completion of the acquisition, the chief executive officer owned 377,790 shares of the company’s stock, valued at approximately $7,246,012.20. This trade represents a 0.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

NB Bancorp Trading Up 1.6%

NBBK opened at $19.47 on Tuesday. The firm’s fifty day moving average is $20.88 and its two-hundred day moving average is $20.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.07. The firm has a market cap of $870.50 million, a PE ratio of 14.21 and a beta of 0.06. NB Bancorp, Inc. has a twelve month low of $15.44 and a twelve month high of $22.86.

NB Bancorp (NASDAQ:NBBKGet Free Report) 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). NB Bancorp had a return on equity of 8.57% and a net margin of 13.81%.The company had revenue of $69.38 million for the quarter, compared to analyst estimates of $70.83 million. Equities research analysts anticipate that NB Bancorp, Inc. will post 2.02 EPS for the current year.

NB Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, May 6th. NB Bancorp’s dividend payout ratio (DPR) is presently 20.44%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NBBK. EverSource Wealth Advisors LLC grew its position in NB Bancorp by 75.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,286 shares of the company’s stock valued at $25,000 after purchasing an additional 553 shares in the last quarter. State of Alaska Department of Revenue bought a new position in NB Bancorp in the third quarter valued at $28,000. Kestra Advisory Services LLC bought a new position in NB Bancorp in the fourth quarter valued at $46,000. CWM LLC grew its position in NB Bancorp by 169.7% in the third quarter. CWM LLC now owns 3,457 shares of the company’s stock valued at $61,000 after purchasing an additional 2,175 shares in the last quarter. Finally, SHP Wealth Management bought a new position in shares of NB Bancorp in the 4th quarter valued at about $68,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NBBK shares. Zacks Research lowered shares of NB Bancorp from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Weiss Ratings restated a “hold (c)” rating on shares of NB Bancorp in a report on Thursday, April 2nd. Finally, Piper Sandler dropped their price objective on shares of NB Bancorp from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, April 24th. One 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.00.

Get Our Latest Stock Analysis on NB Bancorp

About NB Bancorp

(Get Free Report)

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.

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