NB Bancorp, Inc. $NBBK Position Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in NB Bancorp, Inc. (NASDAQ:NBBK) by 50.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,013 shares of the company’s stock after purchasing an additional 44,113 shares during the period. International Assets Investment Management LLC owned about 0.29% of NB Bancorp worth $2,784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in NB Bancorp by 75.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,286 shares of the company’s stock worth $25,000 after buying an additional 553 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of NB Bancorp in the fourth quarter valued at $46,000. SHP Wealth Management acquired a new stake in shares of NB Bancorp during the 4th quarter valued at $68,000. Larson Financial Group LLC boosted its stake in shares of NB Bancorp by 577.1% during the 4th quarter. Larson Financial Group LLC now owns 3,629 shares of the company’s stock worth $72,000 after acquiring an additional 3,093 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of NB Bancorp by 64,733.3% during the 4th quarter. Allworth Financial LP now owns 5,835 shares of the company’s stock worth $116,000 after acquiring an additional 5,826 shares in the last quarter.

Insider Activity

In other news, Director Hope Pascucci purchased 20,000 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average price of $19.46 per share, with a total value of $389,200.00. Following the purchase, the director owned 142,402 shares in the company, valued at $2,771,142.92. This represents a 16.34% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph P. Campanelli acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $19.18 per share, for a total transaction of $57,540.00. Following the acquisition, the chief executive officer directly owned 377,790 shares of the company’s stock, valued at $7,246,012.20. The trade was a 0.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 25,500 shares of company stock valued at $495,365. 5.10% of the stock is owned by corporate insiders.

NB Bancorp Stock Up 0.0%

Shares of NASDAQ:NBBK traded up $0.01 during trading on Friday, reaching $21.02. 127,163 shares of the company traded hands, compared to its average volume of 255,585. The firm has a fifty day simple moving average of $20.30 and a 200 day simple moving average of $20.80. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.23. NB Bancorp, Inc. has a 1-year low of $16.76 and a 1-year high of $22.86. The firm has a market cap of $939.72 million, a P/E ratio of 15.34 and a beta of 0.03.

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

NB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. NB Bancorp’s dividend payout ratio (DPR) is 20.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NB Bancorp in a research report on Tuesday, June 30th. Piper Sandler cut their price objective on NB Bancorp from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, April 24th. Finally, Zacks Research upgraded shares of NB Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.00.

NB Bancorp 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.