NB Bancorp, Inc. (NASDAQ:NBBK) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lessened its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 13.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,404 shares of the company’s stock after selling 9,837 shares during the quarter. Integrated Wealth Concepts LLC owned approximately 0.15% of NB Bancorp worth $1,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NBBK. Price T Rowe Associates Inc. MD raised its position in NB Bancorp by 18.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,032 shares of the company’s stock worth $272,000 after acquiring an additional 2,297 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of NB Bancorp by 87.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company’s stock worth $80,000 after purchasing an additional 2,073 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of 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 purchasing an additional 1,293 shares during the last quarter. First Trust Advisors LP purchased a new stake in NB Bancorp in the 4th quarter valued at approximately $471,000. Finally, Jump Financial LLC grew its holdings in NB Bancorp by 69.3% during the 4th quarter. Jump Financial LLC now owns 23,580 shares of the company’s stock valued at $426,000 after buying an additional 9,649 shares during the last quarter.

Insider Buying and Selling at NB Bancorp

In related news, CEO Joseph P. Campanelli acquired 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $17.75 per share, with a total value of $35,500.00. Following the purchase, the chief executive officer now directly owns 55,000 shares of the company’s stock, valued at approximately $976,250. This represents a 3.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Francis Orfanello bought 5,000 shares of NB Bancorp stock in a transaction that occurred on Tuesday, April 29th. The stock was purchased at an average price of $17.09 per share, for a total transaction of $85,450.00. Following the acquisition, the director now directly owns 130,237 shares of the company’s stock, valued at $2,225,750.33. The trade was a 3.99 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 7,500 shares of company stock worth $130,320 in the last 90 days. 1.90% of the stock is owned by company insiders.

NB Bancorp Stock Performance

NASDAQ NBBK opened at $17.39 on Wednesday. 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, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $21.05. The business has a fifty day moving average of $17.71 and a 200-day moving average of $18.59. The stock has a market cap of $727.65 million, a price-to-earnings ratio of 16.25 and a beta of 0.50.

NB Bancorp (NASDAQ:NBBK) last announced its earnings results on Tuesday, April 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $47.39 million for the quarter, compared to analyst estimates of $44.50 million. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. As a group, analysts predict that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

NB Bancorp 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.