Corebridge Financial Inc. Decreases Stake in NB Bancorp, Inc. (NASDAQ:NBBK)

Corebridge Financial Inc. lowered its stake in NB Bancorp, Inc. (NASDAQ:NBBK) by 7.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,357 shares of the company’s stock after selling 1,461 shares during the period. Corebridge Financial Inc.’s holdings in NB Bancorp were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Resources Management Corp CT ADV purchased a new position in shares of NB Bancorp in the third quarter worth about $28,000. Quarry LP purchased a new position in NB Bancorp during the 3rd quarter worth approximately $33,000. Quantbot Technologies LP lifted its stake in 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 acquiring an additional 4,889 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of NB Bancorp in the fourth quarter worth about $128,000. Finally, Centiva Capital LP acquired a new stake in NB Bancorp during the third quarter worth about $213,000.

Insider Activity at NB Bancorp

In other NB Bancorp news, Director Hope Pascucci acquired 40,000 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was acquired at an average cost of $18.53 per share, for a total transaction of $741,200.00. Following the completion of the transaction, the director now directly owns 40,075 shares of the company’s stock, valued at $742,589.75. This represents a 53,333.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph P. Campanelli bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the transaction, the chief executive officer now directly owns 55,000 shares in the company, valued at approximately $976,250. This represents a 3.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 43,400 shares of company stock worth $803,035 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

NB Bancorp Price Performance

Shares of NASDAQ NBBK opened at $16.62 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $695.43 million, a price-to-earnings ratio of 15.53 and a beta of 0.50. The firm’s 50 day simple moving average is $18.46 and its 200-day simple moving average is $18.73. NB Bancorp, Inc. has a 12 month low of $13.26 and a 12 month high of $21.05.

NB Bancorp (NASDAQ:NBBK) last released 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 net margin of 13.86% and a return on equity of 6.04%. Analysts expect that NB Bancorp, Inc. will post 1.39 EPS for the current year.

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.