Victory Capital Management Inc. Purchases 22,366 Shares of NB Bancorp, Inc. (NASDAQ:NBBK)

Victory Capital Management Inc. grew its position in NB Bancorp, Inc. (NASDAQ:NBBK) by 23.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,119 shares of the company’s stock after purchasing an additional 22,366 shares during the period. Victory Capital Management Inc.’s holdings in NB Bancorp were worth $2,133,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Resources Management Corp CT ADV bought a new stake in shares of NB Bancorp in the third quarter valued at about $28,000. Quarry LP bought a new stake in shares of NB Bancorp in the third quarter valued at about $33,000. Centiva Capital LP bought a new stake in shares of NB Bancorp in the third quarter valued at about $213,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of NB Bancorp in the third quarter valued at about $235,000. Finally, MetLife Investment Management LLC increased its position in shares of NB Bancorp by 129.1% in the third quarter. MetLife Investment Management LLC now owns 22,958 shares of the company’s stock valued at $426,000 after acquiring an additional 12,936 shares during the last quarter.

NB Bancorp Price Performance

NASDAQ:NBBK opened at $18.72 on Tuesday. 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’s 50-day simple moving average is $18.58 and its 200 day simple moving average is $18.81. The company has a market cap of $783.30 million, a P/E ratio of 17.50 and a beta of 0.16. NB Bancorp, Inc. has a 52-week low of $13.26 and a 52-week high of $21.05.

NB Bancorp (NASDAQ:NBBK) last released its earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

Insider Activity at NB Bancorp

In other NB Bancorp news, CEO Joseph P. Campanelli purchased 2,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $17.75 per share, with a total value of $35,500.00. Following the completion of the transaction, the chief executive officer now directly owns 55,000 shares in the company, valued at $976,250. This represents a 3.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hope Pascucci purchased 40,000 shares of the stock in a transaction on Friday, January 24th. The shares were acquired at an average cost of $18.53 per share, for a total transaction of $741,200.00. Following the transaction, the director now owns 40,075 shares of the company’s stock, valued at approximately $742,589.75. The trade was a 53,333.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 42,900 shares of company stock valued at $793,665. 1.70% of the stock is owned by insiders.

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.