Tower Research Capital LLC TRC Has $80,000 Stake in NB Bancorp, Inc. (NASDAQ:NBBK)

Tower Research Capital LLC TRC lifted its holdings in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 87.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,433 shares of the company’s stock after purchasing an additional 2,073 shares during the quarter. Tower Research Capital LLC TRC’s holdings in NB Bancorp were worth $80,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in NB Bancorp by 119.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 199,804 shares of the company’s stock valued at $3,708,000 after buying an additional 108,774 shares during the period. Renaissance Technologies LLC raised its position in NB Bancorp by 117.2% during the fourth quarter. Renaissance Technologies LLC now owns 165,500 shares of the company’s stock valued at $2,989,000 after purchasing an additional 89,300 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in NB Bancorp by 24.2% during the fourth quarter. Hennessy Advisors Inc. now owns 205,000 shares of the company’s stock worth $3,702,000 after purchasing an additional 40,000 shares during the last quarter. Barclays PLC increased its stake in shares of NB Bancorp by 73.0% in the 3rd quarter. Barclays PLC now owns 81,114 shares of the company’s stock valued at $1,506,000 after purchasing an additional 34,235 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of NB Bancorp during the 4th quarter worth $471,000.

NB Bancorp Stock Performance

NASDAQ:NBBK opened at $17.43 on Friday. NB Bancorp, Inc. has a twelve month low of $14.20 and a twelve month high of $21.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock’s 50-day simple moving average is $17.44 and its 200 day simple moving average is $18.52. The firm has a market capitalization of $729.32 million, a PE ratio of 16.29 and a beta of 0.57.

NB Bancorp (NASDAQ:NBBK) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. The company had revenue of $47.39 million for the quarter, compared to analyst estimates of $44.50 million. On average, analysts anticipate that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

Insider Activity

In other news, CEO Joseph P. Campanelli purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $17.75 per share, with a total value of $35,500.00. Following the completion of the purchase, the chief executive officer now owns 55,000 shares of the company’s stock, valued at $976,250. This trade represents a 3.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Francis Orfanello purchased 5,000 shares of NB Bancorp stock in a transaction dated Tuesday, April 29th. The shares were purchased at an average price of $17.09 per share, for a total transaction of $85,450.00. Following the completion of the acquisition, the director now owns 130,237 shares of the company’s stock, valued at approximately $2,225,750.33. The trade was a 3.99 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 7,500 shares of company stock worth $130,320. Insiders own 1.90% of the company’s stock.

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.