Short Interest in NB Bancorp, Inc. (NASDAQ:NBBK) Declines By 17.7%

NB Bancorp, Inc. (NASDAQ:NBBK) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 913,400 shares, a decrease of 17.7% from the February 13th total of 1,110,000 shares. Based on an average daily trading volume, of 227,700 shares, the short-interest ratio is presently 4.0 days. Currently, 2.4% of the shares of the company are short sold.

NB Bancorp Trading Up 0.7 %

NBBK stock traded up $0.14 during trading on Thursday, hitting $18.93. The company had a trading volume of 65,082 shares, compared to its average volume of 252,828. The stock has a market cap of $792.09 million, a PE ratio of 17.69 and a beta of 0.17. NB Bancorp has a one year low of $13.26 and a one year high of $21.05. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average of $18.63 and a 200-day moving average of $18.81.

NB Bancorp (NASDAQ:NBBK) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. Research analysts predict that NB Bancorp will post 1.39 earnings per share for the current fiscal year.

Insider Buying and Selling at NB Bancorp

In other NB Bancorp news, CEO Joseph P. Campanelli purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the purchase, the chief executive officer now owns 55,000 shares in the company, valued at approximately $976,250. This trade represents a 3.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hope Pascucci bought 40,000 shares of the stock in a transaction on Friday, January 24th. The shares were acquired at an average cost of $18.53 per share, with a total value of $741,200.00. Following the purchase, the director now owns 40,075 shares of the company’s stock, valued at approximately $742,589.75. This represents a 53,333.33 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 43,400 shares of company stock worth $803,035 over the last 90 days. Company insiders own 1.70% of the company’s stock.

Institutional Trading of NB Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NB Bancorp by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,152 shares of the company’s stock valued at $400,000 after buying an additional 789 shares during the period. MetLife Investment Management LLC increased its holdings in NB Bancorp by 5.6% during the 4th quarter. MetLife Investment Management LLC now owns 24,251 shares of the company’s stock worth $438,000 after acquiring an additional 1,293 shares during the period. Invesco Ltd. increased its holdings in shares of NB Bancorp by 8.0% in the fourth quarter. Invesco Ltd. now owns 19,481 shares of the company’s stock worth $352,000 after purchasing an additional 1,446 shares during the period. Resources Management Corp CT ADV purchased a new stake in shares of NB Bancorp in the 3rd quarter valued at about $28,000. Finally, Quarry LP purchased a new position in NB Bancorp in the 3rd quarter worth approximately $33,000.

About NB Bancorp

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.