NB Bancorp, Inc. (NASDAQ:NBBK) Declares Quarterly Dividend of $0.07

NB Bancorp, Inc. (NASDAQ:NBBK) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Wednesday, August 5th will be given a dividend of 0.07 per share on Wednesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, August 5th.

NB Bancorp Stock Performance

Shares of NASDAQ NBBK opened at $21.09 on Thursday. The firm has a 50 day moving average of $20.47 and a 200 day moving average of $20.84. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $942.93 million, a price-to-earnings ratio of 15.39 and a beta of 0.03. NB Bancorp has a 12-month low of $16.76 and a 12-month high of $22.86.

NB Bancorp (NASDAQ:NBBK) last announced its earnings results on Wednesday, July 22nd. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $74.70 million during the quarter, compared to analysts’ expectations of $72.74 million. NB Bancorp had a net margin of 13.81% and a return on equity of 8.57%. On average, research analysts anticipate that NB Bancorp will post 2.02 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Hope Pascucci bought 20,000 shares of the stock in a transaction dated Friday, April 24th. The shares were purchased at an average price of $19.46 per share, with a total value of $389,200.00. Following the completion of the acquisition, the director owned 142,402 shares of the company’s stock, valued at $2,771,142.92. This represents a 16.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph P. Campanelli acquired 3,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $19.18 per share, with a total value of $57,540.00. Following the acquisition, the chief executive officer directly owned 377,790 shares in the company, valued at approximately $7,246,012.20. The trade was a 0.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 25,500 shares of company stock worth $495,365. 5.10% of the stock is owned by corporate insiders.

Institutional Trading of NB Bancorp

A number of large investors have recently added to or reduced their stakes in NBBK. EverSource Wealth Advisors LLC boosted its position in shares of NB Bancorp by 75.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,286 shares of the company’s stock valued at $25,000 after acquiring an additional 553 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in NB Bancorp in the fourth quarter worth $46,000. SHP Wealth Management bought a new stake in NB Bancorp in the fourth quarter worth $68,000. Larson Financial Group LLC raised its stake in NB Bancorp by 577.1% during the fourth quarter. Larson Financial Group LLC now owns 3,629 shares of the company’s stock valued at $72,000 after purchasing an additional 3,093 shares in the last quarter. Finally, Allworth Financial LP raised its stake in NB Bancorp by 64,733.3% during the fourth quarter. Allworth Financial LP now owns 5,835 shares of the company’s stock valued at $116,000 after purchasing an additional 5,826 shares in the last quarter.

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.