SG Americas Securities LLC Increases Position in NB Bancorp, Inc. (NASDAQ:NBBK)

SG Americas Securities LLC raised its position in NB Bancorp, Inc. (NASDAQ:NBBK) by 48.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,291 shares of the company’s stock after purchasing an additional 8,589 shares during the quarter. SG Americas Securities LLC owned 0.06% of NB Bancorp worth $488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in NB Bancorp in the second quarter valued at approximately $26,000. Fairfield Financial Advisors LTD purchased a new stake in shares of NB Bancorp during the second quarter worth $30,000. BNP Paribas Financial Markets purchased a new stake in shares of NB Bancorp during the first quarter worth $85,000. Acadian Asset Management LLC purchased a new stake in shares of NB Bancorp during the second quarter worth $95,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of NB Bancorp during the second quarter worth $104,000.

NB Bancorp Stock Performance

NB Bancorp stock opened at $18.92 on Thursday. NB Bancorp, Inc. has a twelve month low of $13.10 and a twelve month high of $19.27. The stock’s fifty day simple moving average is $18.16 and its 200-day simple moving average is $16.29. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.08.

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, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $41.70 million for the quarter, compared to analyst estimates of $41.50 million. NB Bancorp had a return on equity of 2.04% and a net margin of 4.73%. On average, analysts expect that NB Bancorp, Inc. will post 1 EPS for the current year.

Insider Buying and Selling

In other news, CEO Joseph P. Campanelli bought 3,000 shares of the 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 purchase, the chief executive officer now owns 53,000 shares in the company, valued at approximately $871,320. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Joseph P. Campanelli bought 3,000 shares of the 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 purchase, the chief executive officer now owns 53,000 shares in the company, valued at approximately $871,320. This trade represents a 0.00 % increase in their position. 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 5,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were purchased 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 approximately $874,500. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 11,500 shares of company stock worth $198,675. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.