524,935 Shares in NB Bancorp, Inc. $NBBK Bought by Tieton Capital Management LLC

Tieton Capital Management LLC bought a new position in NB Bancorp, Inc. (NASDAQ:NBBK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 524,935 shares of the company’s stock, valued at approximately $10,404,000. NB Bancorp accounts for 3.6% of Tieton Capital Management LLC’s investment portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in NB Bancorp by 18.0% during the 4th quarter. Vanguard Group Inc. now owns 2,301,034 shares of the company’s stock worth $45,606,000 after buying an additional 350,899 shares in the last quarter. Geode Capital Management LLC lifted its position in NB Bancorp by 10.3% during the 4th quarter. Geode Capital Management LLC now owns 966,662 shares of the company’s stock worth $19,162,000 after buying an additional 90,014 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in NB Bancorp by 27.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 694,982 shares of the company’s stock worth $12,266,000 after buying an additional 148,472 shares in the last quarter. UBS Group AG lifted its position in NB Bancorp by 264.4% during the 3rd quarter. UBS Group AG now owns 378,353 shares of the company’s stock worth $6,678,000 after buying an additional 274,511 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in NB Bancorp by 165.9% during the 2nd quarter. Marshall Wace LLP now owns 315,460 shares of the company’s stock worth $5,634,000 after buying an additional 196,837 shares in the last quarter.

Insider Transactions at NB Bancorp

In related news, CEO Joseph P. Campanelli purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $19.18 per share, for a total transaction of $57,540.00. Following the purchase, the chief executive officer owned 377,790 shares in the company, valued at approximately $7,246,012.20. This represents a 0.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hope Pascucci purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was bought at an average price of $19.46 per share, for a total transaction of $389,200.00. Following the purchase, the director owned 142,402 shares in the company, valued at $2,771,142.92. The trade was a 16.34% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 34,000 shares of company stock worth $670,035. 5.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NBBK shares. Zacks Research cut shares of NB Bancorp from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of NB Bancorp in a research report on Thursday, April 2nd. Finally, Piper Sandler cut their price target on shares of NB Bancorp from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, NB Bancorp currently has a consensus rating of “Hold” and a consensus target price of $24.00.

NB Bancorp Stock Down 1.7%

Shares of NBBK stock opened at $19.69 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.07. The firm’s 50-day moving average is $20.69 and its 200-day moving average is $20.68. The stock has a market cap of $880.26 million, a price-to-earnings ratio of 14.37 and a beta of 0.06. NB Bancorp, Inc. has a 52-week low of $15.44 and a 52-week high of $22.86.

NB Bancorp (NASDAQ:NBBK) last issued its earnings results on Wednesday, April 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). The firm had revenue of $69.38 million during the quarter, compared to the consensus estimate of $70.83 million. NB Bancorp had a net margin of 13.81% and a return on equity of 8.57%. Sell-side analysts predict that NB Bancorp, Inc. will post 2.02 EPS for the current year.

NB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 6th. NB Bancorp’s dividend payout ratio is presently 20.44%.

About NB Bancorp

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.