NB Bancorp (NBBK) Projected to Post Earnings on Wednesday

NB Bancorp (NASDAQ:NBBK) will likely be releasing its earnings data before the market opens on Wednesday, April 23rd. Analysts expect NB Bancorp to post earnings of $0.35 per share for the quarter.

NB Bancorp (NASDAQ:NBBK) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $0.34 EPS 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%. On average, analysts expect NB Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NB Bancorp Price Performance

Shares of NASDAQ:NBBK opened at $16.41 on Monday. The stock’s 50 day moving average price is $18.04 and its 200 day moving average price is $18.64. 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 cap of $686.64 million, a price-to-earnings ratio of 15.34 and a beta of 0.50. NB Bancorp has a 12 month low of $13.64 and a 12 month high of $21.05.

Insider Transactions at NB Bancorp

In related news, CEO Joseph P. Campanelli purchased 2,000 shares of the company’s stock in a transaction that occurred 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 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 acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hope Pascucci bought 40,000 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was purchased 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 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 disclosure for this purchase can be found here. In the last 90 days, insiders have bought 43,400 shares of company stock valued at $803,035. Corporate 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.