NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph P. Campanelli Purchases 15,000 Shares of Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CEO Joseph P. Campanelli bought 15,000 shares of the business’s stock in a transaction on Friday, April 26th. The stock was acquired at an average cost of $14.59 per share, for a total transaction of $218,850.00. Following the acquisition, the chief executive officer now directly owns 45,000 shares of the company’s stock, valued at $656,550. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NB Bancorp Price Performance

Shares of NBBK opened at $14.62 on Wednesday. The company’s fifty day moving average price is $13.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 1.19. NB Bancorp, Inc. has a 1 year low of $13.10 and a 1 year high of $14.85.

NB Bancorp (NASDAQ:NBBK) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. The firm had revenue of $42.13 million during the quarter, compared to the consensus estimate of $38.30 million. Analysts expect that NB Bancorp, Inc. will post 0.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler began coverage on NB Bancorp in a research report on Tuesday, April 9th. They set an “overweight” rating and a $17.00 price target on the stock.

Institutional Investors Weigh In On NB Bancorp

A number of hedge funds have recently made changes to their positions in the business. Gray Private Wealth LLC bought a new stake in shares of NB Bancorp during the first quarter valued at approximately $145,000. Barry Investment Advisors LLC bought a new position in shares of NB Bancorp in the first quarter worth $273,000. Hennessy Advisors Inc. acquired a new position in shares of NB Bancorp during the first quarter valued at $2,595,000. Great Oak Capital Partners LLC increased its holdings in shares of NB Bancorp by 34.1% during the first quarter. Great Oak Capital Partners LLC now owns 419,241 shares of the company’s stock valued at $5,727,000 after purchasing an additional 106,611 shares during the period. Finally, Lynch & Associates IN bought a new stake in shares of NB Bancorp during the first quarter valued at about $957,000.

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.