54,169 Shares in NB Bancorp, Inc. (NASDAQ:NBBK) Purchased by Rhumbline Advisers

Rhumbline Advisers bought a new position in shares of NB Bancorp, Inc. (NASDAQ:NBBK) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 54,169 shares of the company’s stock, valued at approximately $817,000. Rhumbline Advisers owned approximately 0.13% of NB Bancorp as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NBBK. Stilwell Value LLC acquired a new stake in shares of NB Bancorp during the 4th quarter worth about $1,076,000. Great Oak Capital Partners LLC acquired a new stake in shares of NB Bancorp during the 4th quarter worth about $4,238,000. Wellington Management Group LLP acquired a new stake in shares of NB Bancorp during the 4th quarter worth about $7,232,000. Lynch & Associates IN acquired a new stake in shares of NB Bancorp during the 1st quarter worth about $957,000. Finally, Hennessy Advisors Inc. bought a new stake in NB Bancorp during the 1st quarter worth about $2,595,000.

Analyst Ratings Changes

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

NB Bancorp Stock Performance

Shares of NASDAQ:NBBK opened at $18.55 on Tuesday. NB Bancorp, Inc. has a 12 month low of $13.10 and a 12 month high of $19.27. The company’s 50-day moving average price is $18.08 and its two-hundred day moving average price is $15.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.10 and a quick ratio of 1.10.

NB Bancorp (NASDAQ:NBBK) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. NB Bancorp had a net margin of 4.73% and a return on equity of 2.04%. The firm had revenue of $41.70 million for the quarter, compared to analyst estimates of $41.50 million. On average, sell-side analysts predict that NB Bancorp, Inc. will post 1 EPS for the current year.

Insider Activity

In other NB Bancorp news, CEO Joseph P. Campanelli bought 3,000 shares of NB Bancorp stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $16.44 per share, with a total value of $49,320.00. Following the purchase, the chief executive officer now owns 53,000 shares of the company’s stock, valued at $871,320. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other NB Bancorp news, CEO Joseph P. Campanelli bought 5,000 shares of NB Bancorp stock in a transaction dated 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 purchase, the chief executive officer now owns 50,000 shares of the company’s stock, valued at $874,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Joseph P. Campanelli purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $16.44 per share, for a total transaction of $49,320.00. Following the completion of the transaction, the chief executive officer now directly owns 53,000 shares in the company, valued at $871,320. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 11,500 shares of company stock valued at $198,675. 1.70% of the stock is currently owned by insiders.

NB Bancorp Company 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.