Great Oak Capital Partners LLC Sells 229,555 Shares of NB Bancorp, Inc. (NASDAQ:NBBK)

Great Oak Capital Partners LLC lessened its position in NB Bancorp, Inc. (NASDAQ:NBBK) by 54.8% during the second quarter, Holdings Channel.com reports. The fund owned 189,686 shares of the company’s stock after selling 229,555 shares during the period. NB Bancorp accounts for 1.1% of Great Oak Capital Partners LLC’s holdings, making the stock its 13th largest holding. Great Oak Capital Partners LLC’s holdings in NB Bancorp were worth $2,860,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in NB Bancorp in the 2nd quarter worth $26,000. Fairfield Financial Advisors LTD bought a new stake in shares of NB Bancorp during the 2nd quarter valued at about $30,000. BNP Paribas Financial Markets bought a new stake in shares of NB Bancorp during the 1st quarter valued at about $85,000. Acadian Asset Management LLC bought a new stake in shares of NB Bancorp during the 2nd quarter valued at about $95,000. Finally, International Assets Investment Management LLC bought a new stake in shares of NB Bancorp during the 2nd quarter valued at about $104,000.

NB Bancorp Stock Performance

Shares of NBBK opened at $18.36 on Friday. The firm’s 50-day moving average price is $18.04 and its 200-day moving average price is $15.74. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.08. NB Bancorp, Inc. has a 1-year low of $13.10 and a 1-year high of $19.27.

NB Bancorp (NASDAQ:NBBK) last announced its earnings results on Wednesday, July 24th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. NB Bancorp had a net margin of 4.73% and a return on equity of 2.04%. The firm had revenue of $41.70 million for the quarter, compared to analyst estimates of $41.50 million. As a group, equities analysts expect that NB Bancorp, Inc. will post 1 earnings per share for the current year.

Analyst Ratings Changes

Separately, Piper Sandler lifted their target price on shares of NB Bancorp from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th.

Insider Activity at NB Bancorp

In other NB Bancorp news, CEO Joseph P. Campanelli purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $17.49 per share, with a total value of $87,450.00. Following the transaction, the chief executive officer now directly owns 50,000 shares in the company, valued at approximately $874,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Joseph P. Campanelli bought 3,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $16.44 per share, with a total value of $49,320.00. Following the completion of the acquisition, the chief executive officer now owns 53,000 shares of the company’s stock, valued at $871,320. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joseph P. Campanelli bought 5,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $17.49 per share, with a total value of $87,450.00. Following the completion of the acquisition, the chief executive officer now directly owns 50,000 shares of the company’s stock, valued at approximately $874,500. The disclosure for this purchase can be found here. Insiders acquired a total of 11,500 shares of company stock valued at $198,675 in the last three months. Company insiders own 1.70% of the company’s stock.

NB Bancorp 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.