28,795 Shares in NB Bancorp, Inc. $NBBK Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in NB Bancorp, Inc. (NASDAQ:NBBK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 28,795 shares of the company’s stock, valued at approximately $514,000. Y Intercept Hong Kong Ltd owned about 0.07% of NB Bancorp at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP bought a new stake in shares of NB Bancorp in the first quarter worth $26,000. Public Employees Retirement System of Ohio purchased a new stake in shares of NB Bancorp during the 2nd quarter valued at about $193,000. State of Wyoming lifted its stake in shares of NB Bancorp by 40.9% in the 1st quarter. State of Wyoming now owns 11,782 shares of the company’s stock worth $213,000 after purchasing an additional 3,421 shares during the period. AQR Capital Management LLC purchased a new position in shares of NB Bancorp in the first quarter worth approximately $253,000. Finally, Martingale Asset Management L P purchased a new stake in NB Bancorp during the first quarter valued at approximately $280,000.

NB Bancorp Stock Down 0.3%

NASDAQ:NBBK opened at $18.19 on Friday. NB Bancorp, Inc. has a twelve month low of $15.09 and a twelve month high of $21.05. The company’s 50 day moving average is $18.11 and its two-hundred day moving average is $17.76. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a market cap of $724.51 million, a PE ratio of 11.74 and a beta of 0.37.

NB Bancorp (NASDAQ:NBBK) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $51.73 million during the quarter, compared to analysts’ expectations of $52.40 million. NB Bancorp had a return on equity of 7.76% and a net margin of 17.59%. Analysts anticipate that NB Bancorp, Inc. will post 1.39 EPS for the current year.

NB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 5th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, November 5th. NB Bancorp’s dividend payout ratio is 18.06%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NBBK. Zacks Research raised NB Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Weiss Ratings upgraded NB Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Piper Sandler boosted their price objective on shares of NB Bancorp from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Finally, Keefe, Bruyette & Woods raised NB Bancorp to a “hold” rating in a research note on Sunday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.00.

Insider Buying and Selling at NB Bancorp

In other NB Bancorp news, Director Hope Pascucci bought 4,688 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The stock was bought at an average cost of $18.07 per share, for a total transaction of $84,712.16. Following the completion of the transaction, the director directly owned 120,000 shares of the company’s stock, valued at approximately $2,168,400. This trade represents a 4.07% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by insiders.

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.