Mary Susan Elliott Purchases 1,434 Shares of NB Bancorp (NASDAQ:NBBK) Stock

NB Bancorp, Inc. (NASDAQ:NBBK) Director Mary Susan Elliott acquired 1,434 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price of $21.39 per share, with a total value of $30,673.26. Following the transaction, the director owned 1,434 shares of the company’s stock, valued at approximately $30,673.26. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

NB Bancorp Price Performance

NASDAQ:NBBK opened at $21.72 on Friday. The business’s 50-day moving average is $20.36 and its 200 day moving average is $18.94. NB Bancorp, Inc. has a 12 month low of $15.09 and a 12 month high of $21.84. The company has a market capitalization of $865.11 million, a P/E ratio of 16.21 and a beta of 0.32. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.06.

NB Bancorp (NASDAQ:NBBK) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. NB Bancorp had a return on equity of 8.94% and a net margin of 14.30%.The business had revenue of $63.15 million during the quarter, compared to analysts’ expectations of $75.75 million. On average, equities research analysts forecast that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

NB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be issued a $0.07 dividend. The ex-dividend date is Thursday, February 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. NB Bancorp’s payout ratio is 20.90%.

Analyst Ratings Changes

Several research firms recently commented on NBBK. 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 reiterated an “overweight” rating and issued a $23.00 target price (up previously from $22.00) on shares of NB Bancorp in a report on Thursday, November 20th. Keefe, Bruyette & Woods raised NB Bancorp to a “hold” rating in a research report on Sunday, November 2nd. Finally, Zacks Research downgraded NB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.00.

Institutional Trading of NB Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC purchased a new stake in shares of NB Bancorp during the first quarter valued at $253,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NB Bancorp by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,127 shares of the company’s stock valued at $418,000 after buying an additional 975 shares during the period. Millennium Management LLC boosted its position in NB Bancorp by 13.1% in the 1st quarter. Millennium Management LLC now owns 253,543 shares of the company’s stock valued at $4,582,000 after buying an additional 29,373 shares during the period. Jane Street Group LLC grew its stake in NB Bancorp by 54.3% in the 1st quarter. Jane Street Group LLC now owns 54,613 shares of the company’s stock worth $987,000 after acquiring an additional 19,213 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of NB Bancorp during the second quarter valued at approximately $193,000.

NB Bancorp Company Profile

NB Bancorp, Inc (NASDAQ: NBBK) is the bank holding company for NB Bank, N.A., a full-service community bank headquartered in Newburyport, Massachusetts. Through a network of branches across Northeast Massachusetts and southern New Hampshire, the company offers deposit and lending services tailored to individuals and small- to medium-sized businesses.

The company’s core product lineup includes checking and savings accounts, money market deposits and certificates of deposit, along with residential mortgage loans, home equity lines of credit and commercial lending solutions.