Charles Schwab Investment Management Inc. Has $5.77 Million Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Charles Schwab Investment Management Inc. increased its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,436 shares of the company’s stock after purchasing an additional 4,138 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.75% of NB Bancorp worth $5,769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of NB Bancorp by 16.5% during the third quarter. State Street Corp now owns 994,380 shares of the company’s stock worth $18,456,000 after buying an additional 140,960 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in NB Bancorp in the 3rd quarter worth about $952,000. Barclays PLC increased its holdings in NB Bancorp by 73.0% in the 3rd quarter. Barclays PLC now owns 81,114 shares of the company’s stock worth $1,506,000 after purchasing an additional 34,235 shares in the last quarter. BNP Paribas Financial Markets raised its position in NB Bancorp by 78.1% in the third quarter. BNP Paribas Financial Markets now owns 76,319 shares of the company’s stock valued at $1,416,000 after purchasing an additional 33,477 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of NB Bancorp by 1.9% during the third quarter. Geode Capital Management LLC now owns 885,243 shares of the company’s stock valued at $16,433,000 after purchasing an additional 16,270 shares in the last quarter.

Insider Buying and Selling

In other news, Director Hope Pascucci purchased 40,000 shares of the stock in a transaction on Friday, January 24th. The stock was purchased at an average price of $18.53 per share, for a total transaction of $741,200.00. Following the acquisition, the director now owns 40,075 shares in the company, valued at $742,589.75. This trade represents a 53,333.33 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph P. Campanelli acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $17.75 per share, with a total value of $35,500.00. Following the completion of the transaction, the chief executive officer now owns 55,000 shares of the company’s stock, valued at $976,250. This trade represents a 3.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 43,400 shares of company stock valued at $803,035 over the last 90 days. 1.70% of the stock is owned by insiders.

NB Bancorp Stock Performance

NB Bancorp stock opened at $19.05 on Tuesday. The business has a 50 day moving average of $18.74 and a 200-day moving average of $18.82. The company has a market capitalization of $797.11 million, a P/E ratio of 17.80 and a beta of 0.16. NB Bancorp, Inc. has a 1 year low of $13.26 and a 1 year high of $21.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10.

NB Bancorp (NASDAQ:NBBK) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share (EPS) 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%. On average, equities research analysts predict that NB Bancorp, Inc. will post 1.39 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.