NB Bancorp, Inc. (NASDAQ:NBBK) Short Interest Update

NB Bancorp, Inc. (NASDAQ:NBBK) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 913,400 shares, a decline of 17.7% from the February 13th total of 1,110,000 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 227,700 shares, the short-interest ratio is currently 4.0 days.

Insider Transactions at NB Bancorp

In related news, Director Hope Pascucci purchased 40,000 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average price of $18.53 per share, for a total transaction of $741,200.00. Following the transaction, the director now directly owns 40,075 shares of the company’s stock, valued at $742,589.75. This trade represents a 53,333.33 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Joseph P. Campanelli bought 2,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the chief executive officer now owns 55,000 shares of the company’s stock, valued at $976,250. This represents a 3.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 43,400 shares of company stock worth $803,035. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On NB Bancorp

Hedge funds have recently modified their holdings of the stock. Resources Management Corp CT ADV acquired a new stake in shares of NB Bancorp in the third quarter valued at $28,000. Quarry LP acquired a new stake in NB Bancorp in the third quarter worth $33,000. Tower Research Capital LLC TRC grew its stake in NB Bancorp by 87.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company’s stock valued at $80,000 after acquiring an additional 2,073 shares during the period. Quantbot Technologies LP increased 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 worth $112,000 after purchasing an additional 4,889 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of NB Bancorp during the fourth quarter worth $128,000.

NB Bancorp Stock Up 0.7 %

Shares of NB Bancorp stock traded up $0.14 during trading on Thursday, hitting $18.93. 65,082 shares of the stock traded hands, compared to its average volume of 252,828. The stock has a market cap of $792.09 million, a P/E ratio of 17.69 and a beta of 0.17. The company has a fifty day moving average price of $18.63 and a two-hundred day moving average price of $18.81. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10. NB Bancorp has a twelve month low of $13.26 and a twelve month high of $21.05.

NB Bancorp (NASDAQ:NBBK) last posted its earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. Equities research analysts predict that NB Bancorp will post 1.39 EPS for the current fiscal 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.