NB Bancorp, Inc. (NASDAQ:NBBK) COO Buys $100,050.00 in Stock

NB Bancorp, Inc. (NASDAQ:NBBK) COO Salvatore J. Rinaldi purchased 6,900 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $14.50 per share, for a total transaction of $100,050.00. Following the completion of the transaction, the chief operating officer now owns 21,319 shares of the company’s stock, valued at approximately $309,125.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NB Bancorp Stock Performance

NB Bancorp stock opened at $14.62 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.19 and a current ratio of 1.19. The business’s fifty day moving average is $13.83. NB Bancorp, Inc. has a one year low of $13.10 and a one year high of $14.85.

NB Bancorp (NASDAQ:NBBK) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The company had revenue of $42.13 million during the quarter, compared to the consensus estimate of $38.30 million. As a group, equities research analysts forecast that NB Bancorp, Inc. will post 0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NBBK. BNP Paribas Financial Markets acquired a new stake in shares of NB Bancorp in the 1st quarter valued at $85,000. Gray Private Wealth LLC bought a new stake in shares of NB Bancorp during the 1st quarter worth $145,000. Janney Montgomery Scott LLC acquired a new stake in NB Bancorp in the first quarter valued at about $273,000. Barry Investment Advisors LLC bought a new position in NB Bancorp in the first quarter valued at about $273,000. Finally, Oppenheimer & Close LLC acquired a new position in NB Bancorp during the fourth quarter worth about $915,000.

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.