NB Bancorp, Inc. (NASDAQ:NBBK) CFO Jean-Pierre Lapointe Acquires 900 Shares

NB Bancorp, Inc. (NASDAQ:NBBK) CFO Jean-Pierre Lapointe acquired 900 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was acquired at an average price of $18.85 per share, for a total transaction of $16,965.00. Following the purchase, the chief financial officer now directly owns 4,200 shares of the company’s stock, valued at approximately $79,170. This trade represents a 27.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NB Bancorp Price Performance

NASDAQ NBBK traded up $0.61 on Friday, hitting $19.01. The company had a trading volume of 532,019 shares, compared to its average volume of 269,833. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $811.92 million and a PE ratio of 17.77. NB Bancorp, Inc. has a 12-month low of $13.26 and a 12-month high of $21.05. The company’s fifty day moving average price is $18.95 and its 200-day moving average price is $18.45.

NB Bancorp (NASDAQ:NBBK) last released its earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. As a group, analysts predict that NB Bancorp, Inc. will post 1.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their price target on NB Bancorp from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st.

Institutional Investors Weigh In On NB Bancorp

Large investors have recently modified their holdings of the business. Resources Management Corp CT ADV acquired a new position in NB Bancorp during the third quarter worth about $28,000. Quarry LP purchased a new stake in NB Bancorp in the 3rd quarter valued at $33,000. The Manufacturers Life Insurance Company acquired a new position in NB Bancorp in the 2nd quarter valued at about $211,000. Centiva Capital LP purchased a new stake in NB Bancorp in the third quarter valued at $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of NB Bancorp in the 3rd quarter valued at $235,000.

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.