Joseph P. Campanelli Acquires 2,000 Shares of NB Bancorp, Inc. (NASDAQ:NBBK) Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph P. Campanelli bought 2,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the chief executive officer now directly owns 55,000 shares of the company’s stock, valued at approximately $976,250. The trade was a 3.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NB Bancorp Trading Up 4.4 %

Shares of NASDAQ:NBBK opened at $18.57 on Friday. NB Bancorp, Inc. has a 52-week low of $13.26 and a 52-week high of $21.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $777.02 million, a price-to-earnings ratio of 17.36 and a beta of 0.16. The stock’s 50-day simple moving average is $18.55 and its two-hundred day simple moving average is $18.81.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Resources Management Corp CT ADV purchased a new position in shares of NB Bancorp during the 3rd quarter valued at about $28,000. Quarry LP purchased a new position in shares of NB Bancorp during the 3rd quarter valued at about $33,000. Tower Research Capital LLC TRC lifted its position in shares of NB Bancorp by 87.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company’s stock valued at $80,000 after buying an additional 2,073 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of NB Bancorp by 375.5% during the 4th quarter. Quantbot Technologies LP now owns 6,191 shares of the company’s stock valued at $112,000 after buying an additional 4,889 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in NB Bancorp in the 4th quarter worth approximately $128,000.

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.