Wellington Management Group LLP Takes Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Wellington Management Group LLP bought a new stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 537,721 shares of the company’s stock, valued at approximately $7,232,000.

Other large investors also recently modified their holdings of the company. Oppenheimer & Close LLC acquired a new stake in shares of NB Bancorp during the fourth quarter valued at about $915,000. Farley Capital L.P. acquired a new stake in shares of NB Bancorp during the fourth quarter valued at about $1,076,000. Stilwell Value LLC acquired a new stake in shares of NB Bancorp during the fourth quarter valued at about $1,076,000. Finally, Great Oak Capital Partners LLC acquired a new stake in shares of NB Bancorp during the fourth quarter valued at about $4,238,000.

Insiders Place Their Bets

In other NB Bancorp news, COO Salvatore J. Rinaldi bought 6,900 shares of the business’s stock in a transaction on Monday, April 29th. The shares were purchased at an average price of $14.50 per share, with a total value of $100,050.00. Following the completion of the acquisition, the chief operating officer now directly owns 21,319 shares of the company’s stock, valued at approximately $309,125.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NB Bancorp news, CFO Jean-Pierre Lapointe purchased 3,095 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average price of $15.05 per share, with a total value of $46,579.75. Following the completion of the acquisition, the chief financial officer now owns 3,124 shares in the company, valued at approximately $47,016.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Salvatore J. Rinaldi purchased 6,900 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were acquired at an average cost of $14.50 per share, for a total transaction of $100,050.00. Following the acquisition, the chief operating officer now owns 21,319 shares of the company’s stock, valued at approximately $309,125.50. The disclosure for this purchase can be found here. Insiders have acquired 25,995 shares of company stock valued at $381,190 over the last quarter. Insiders own 1.70% of the company’s stock.

NB Bancorp Stock Up 2.2 %

Shares of NBBK stock opened at $15.08 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.08. NB Bancorp, Inc. has a one year low of $13.10 and a one year high of $16.05. The stock’s 50-day moving average is $14.90.

NB Bancorp (NASDAQ:NBBK) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The company had revenue of $42.13 million for the quarter, compared to the consensus estimate of $38.30 million. Sell-side analysts predict that NB Bancorp, Inc. will post 0.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Piper Sandler assumed coverage on shares of NB Bancorp in a research report on Tuesday, April 9th. They set an “overweight” rating and a $17.00 price target on the stock.

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.