Rhumbline Advisers Has $1.40 Million Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Rhumbline Advisers increased its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 44.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,677 shares of the company’s stock after acquiring an additional 23,870 shares during the quarter. Rhumbline Advisers owned 0.18% of NB Bancorp worth $1,403,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Resources Management Corp CT ADV acquired a new stake in shares of NB Bancorp during the third quarter valued at approximately $28,000. Quarry LP acquired a new stake in shares of NB Bancorp during the third quarter valued at approximately $33,000. Centiva Capital LP acquired a new stake in shares of NB Bancorp during the third quarter valued at approximately $213,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of NB Bancorp during the third quarter valued at approximately $235,000. Finally, MetLife Investment Management LLC raised its holdings in shares of NB Bancorp by 129.1% during the third quarter. MetLife Investment Management LLC now owns 22,958 shares of the company’s stock valued at $426,000 after acquiring an additional 12,936 shares during the period.

NB Bancorp Stock Down 2.1 %

NBBK stock opened at $18.95 on Wednesday. NB Bancorp, Inc. has a 52-week low of $13.26 and a 52-week high of $21.05. The company’s 50 day simple moving average is $18.56 and its 200-day simple moving average is $18.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $809.28 million, a P/E ratio of 17.71 and a beta of 0.12.

NB Bancorp (NASDAQ:NBBK) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. As a group, equities research analysts anticipate that NB Bancorp, Inc. will post 1.39 EPS for the current year.

Insider Buying and Selling at NB Bancorp

In related news, Director Hope Pascucci acquired 40,000 shares of the company’s stock in a transaction on Friday, January 24th. The shares were purchased at an average price of $18.53 per share, for a total transaction of $741,200.00. Following the purchase, the director now owns 40,075 shares in the company, valued at $742,589.75. This represents a 53,333.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.70% of the company’s stock.

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.