Victory Capital Management Inc. Has $2.13 Million Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Victory Capital Management Inc. increased its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 23.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,119 shares of the company’s stock after purchasing an additional 22,366 shares during the period. Victory Capital Management Inc. owned approximately 0.28% of NB Bancorp worth $2,133,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NBBK. Resources Management Corp CT ADV acquired a new stake in shares of NB Bancorp during the third quarter worth $28,000. Quarry LP acquired a new stake in shares of NB Bancorp during the third quarter worth $33,000. Centiva Capital LP acquired a new stake in shares of NB Bancorp during the third quarter worth $213,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of NB Bancorp during the third quarter worth $235,000. Finally, MetLife Investment Management LLC grew its stake 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 worth $426,000 after purchasing an additional 12,936 shares during the period.

NB Bancorp Stock Up 0.8 %

Shares of NB Bancorp stock opened at $18.72 on Tuesday. The business has a fifty day simple moving average of $18.58 and a 200 day simple moving average of $18.81. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a market cap of $783.30 million, a PE ratio of 17.50 and a beta of 0.16. NB Bancorp, Inc. has a 12 month low of $13.26 and a 12 month high of $21.05.

NB Bancorp (NASDAQ:NBBK) last posted its earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. Research analysts predict that NB Bancorp, Inc. will post 1.39 EPS for the current year.

Insiders Place Their Bets

In other NB Bancorp news, Director Hope Pascucci bought 40,000 shares of NB Bancorp stock in a transaction on Friday, January 24th. The shares were purchased at an average cost of $18.53 per share, for a total transaction of $741,200.00. Following the completion of the acquisition, the director now owns 40,075 shares in the company, valued at approximately $742,589.75. The trade was a 53,333.33 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joseph P. Campanelli bought 2,000 shares of NB Bancorp stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the acquisition, the chief executive officer now owns 55,000 shares of the company’s stock, valued at approximately $976,250. This represents a 3.77 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 42,900 shares of company stock worth $793,665. Corporate insiders own 1.70% of the company’s 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.