NB Bancorp, Inc. (NASDAQ:NBBK) CFO Jean-Pierre Lapointe Buys 900 Shares

NB Bancorp, Inc. (NASDAQ:NBBK) CFO Jean-Pierre Lapointe bought 900 shares of the business’s stock in a transaction on Friday, January 24th. The stock was acquired at an average cost of $18.85 per share, for a total transaction of $16,965.00. Following the acquisition, the chief financial officer now directly owns 4,200 shares of the company’s stock, valued at $79,170. The trade was a 27.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

NB Bancorp Stock Performance

NBBK opened at $19.01 on Monday. The business’s 50 day moving average is $18.93 and its 200-day moving average is $18.50. The stock has a market cap of $811.92 million and a PE ratio of 17.77. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. NB Bancorp, Inc. has a twelve month low of $13.26 and a twelve month high of $21.05.

NB Bancorp (NASDAQ:NBBK) last released its quarterly earnings results 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%. On average, analysts predict that NB Bancorp, Inc. will post 1.36 earnings per share for the current year.

Institutional Investors Weigh In On NB Bancorp

A number of hedge funds have recently made changes to their positions in NBBK. Resources Management Corp CT ADV bought a new stake in NB Bancorp during the third quarter worth approximately $28,000. Quarry LP bought a new stake in NB Bancorp during the third quarter worth approximately $33,000. The Manufacturers Life Insurance Company bought a new stake in NB Bancorp during the second quarter worth approximately $211,000. Centiva Capital LP bought a new stake in NB Bancorp during the third quarter worth approximately $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in NB Bancorp during the third quarter worth approximately $235,000.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on shares of NB Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st.

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.