Joseph P. Campanelli Acquires 2,000 Shares of NB Bancorp, Inc. (NASDAQ:NBBK) Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph P. Campanelli purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the acquisition, the chief executive officer now owns 55,000 shares in the company, valued at $976,250. This represents a 3.77 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NB Bancorp Stock Up 4.4 %

NASDAQ NBBK opened at $18.57 on Friday. The stock’s 50 day moving average is $18.55 and its 200 day moving average is $18.81. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. NB Bancorp, Inc. has a 12 month low of $13.26 and a 12 month high of $21.05. The stock has a market cap of $777.02 million, a PE ratio of 17.36 and a beta 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, topping 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%. Research analysts predict that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

Institutional Trading of NB Bancorp

Large investors have recently added to or reduced their stakes in the company. Resources Management Corp CT ADV bought a new stake in NB Bancorp in the 3rd quarter worth approximately $28,000. Quarry LP bought a new stake in NB Bancorp in the 3rd quarter worth approximately $33,000. Tower Research Capital LLC TRC increased its stake in NB Bancorp by 87.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company’s stock worth $80,000 after acquiring an additional 2,073 shares during the last quarter. Quantbot Technologies LP increased its stake in NB Bancorp by 375.5% in the 4th quarter. Quantbot Technologies LP now owns 6,191 shares of the company’s stock worth $112,000 after acquiring an additional 4,889 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in NB Bancorp in the 4th quarter worth approximately $128,000.

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.