Jean-Pierre Lapointe Acquires 900 Shares of NB Bancorp, Inc. (NASDAQ:NBBK) Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CFO Jean-Pierre Lapointe purchased 900 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were purchased at an average cost of $18.85 per share, for a total transaction of $16,965.00. Following the completion of the transaction, the chief financial officer now owns 4,200 shares in the company, valued at approximately $79,170. This represents a 27.27 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NB Bancorp Stock Performance

Shares of NBBK stock opened at $19.01 on Friday. The company has a market cap of $811.84 million and a P/E ratio of 17.77. The business has a 50 day moving average of $18.93 and a two-hundred day moving average of $18.48. NB Bancorp, Inc. has a 52 week low of $13.26 and a 52 week high of $21.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16.

NB Bancorp (NASDAQ:NBBK) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. As a group, analysts anticipate that NB Bancorp, Inc. will post 1.36 EPS for the current year.

Analyst Ratings Changes

Separately, Piper Sandler increased their target price on shares of NB Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st.

Hedge Funds Weigh In On NB Bancorp

Several institutional investors have recently modified their holdings of the company. Resources Management Corp CT ADV acquired a new position in NB Bancorp during the 3rd quarter valued at about $28,000. Quarry LP bought a new stake in shares of NB Bancorp during the third quarter valued at approximately $33,000. Charles Schwab Investment Management Inc. boosted its position in shares of NB Bancorp by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 315,298 shares of the company’s stock worth $5,852,000 after buying an additional 3,611 shares during the period. Great Oak Capital Partners LLC grew its holdings in NB Bancorp by 2.6% in the 3rd quarter. Great Oak Capital Partners LLC now owns 194,686 shares of the company’s stock worth $3,495,000 after buying an additional 5,000 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in NB Bancorp by 48.5% in the 3rd quarter. SG Americas Securities LLC now owns 26,291 shares of the company’s stock valued at $488,000 after acquiring an additional 8,589 shares during the period.

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.