Great Oak Capital Partners LLC Lowers Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Great Oak Capital Partners LLC cut its position in NB Bancorp, Inc. (NASDAQ:NBBK) by 54.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,686 shares of the company’s stock after selling 229,555 shares during the quarter. NB Bancorp comprises 1.1% of Great Oak Capital Partners LLC’s investment portfolio, making the stock its 13th biggest position. Great Oak Capital Partners LLC owned about 0.44% of NB Bancorp worth $2,860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Prospector Partners LLC purchased a new stake in NB Bancorp in the 2nd quarter worth approximately $3,653,000. Renaissance Technologies LLC lifted its stake in NB Bancorp by 356.1% in the 2nd quarter. Renaissance Technologies LLC now owns 70,700 shares of the company’s stock worth $1,066,000 after purchasing an additional 55,200 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new stake in NB Bancorp in the 2nd quarter worth approximately $30,000. Acadian Asset Management LLC purchased a new stake in NB Bancorp in the 2nd quarter worth approximately $95,000. Finally, Rhumbline Advisers purchased a new stake in NB Bancorp in the 2nd quarter worth approximately $817,000.

Analysts Set New Price Targets

Separately, Piper Sandler raised their price objective on shares of NB Bancorp from $17.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th.

Insider Activity

In other NB Bancorp news, CEO Joseph P. Campanelli bought 5,000 shares of NB Bancorp stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $17.49 per share, with a total value of $87,450.00. Following the acquisition, the chief executive officer now owns 50,000 shares in the company, valued at $874,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NB Bancorp news, CEO Joseph P. Campanelli bought 5,000 shares of NB Bancorp stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $17.49 per share, with a total value of $87,450.00. Following the acquisition, the chief executive officer now owns 50,000 shares in the company, valued at $874,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph P. Campanelli bought 3,000 shares of NB Bancorp stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $16.44 per share, for a total transaction of $49,320.00. Following the acquisition, the chief executive officer now owns 53,000 shares in the company, valued at approximately $871,320. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 11,500 shares of company stock worth $198,675. 1.70% of the stock is currently owned by corporate insiders.

NB Bancorp Trading Down 1.0 %

NB Bancorp stock opened at $18.36 on Friday. The firm’s fifty day moving average price is $18.04 and its 200-day moving average price is $15.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.10 and a current ratio of 1.10. NB Bancorp, Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $19.27.

NB Bancorp (NASDAQ:NBBK) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $41.70 million for the quarter, compared to analysts’ expectations of $41.50 million. NB Bancorp had a net margin of 4.73% and a return on equity of 2.04%. Equities research analysts forecast that NB Bancorp, Inc. will post 1 earnings per share for the current year.

NB Bancorp Profile

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.