Bank of New York Mellon Corp Increases Stake in NB Bancorp, Inc. (NASDAQ:NBBK)

Bank of New York Mellon Corp boosted its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 7.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 101,629 shares of the company’s stock after purchasing an additional 7,408 shares during the period. Bank of New York Mellon Corp’s holdings in NB Bancorp were worth $1,835,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Resources Management Corp CT ADV bought a new position in NB Bancorp during the 3rd quarter valued at about $28,000. Quarry LP bought a new position in NB Bancorp during the 3rd quarter valued at about $33,000. Centiva Capital LP bought a new position in NB Bancorp during the 3rd quarter valued at about $213,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in NB Bancorp during the 3rd quarter valued at about $235,000. Finally, MetLife Investment Management LLC lifted its stake in NB Bancorp by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 22,958 shares of the company’s stock valued at $426,000 after acquiring an additional 12,936 shares during the period.

NB Bancorp Price Performance

Shares of NASDAQ:NBBK opened at $18.62 on Friday. The firm’s 50 day moving average price is $18.70 and its 200-day moving average price is $18.81. NB Bancorp, Inc. has a twelve month low of $13.26 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 has a market capitalization of $779.12 million, a PE ratio of 17.40 and a beta of 0.17.

NB Bancorp (NASDAQ:NBBK) last released its earnings results on Wednesday, January 22nd. The company reported $0.34 EPS for the quarter, topping 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%. Equities research analysts expect that NB Bancorp, Inc. will post 1.39 EPS for the current year.

Insiders Place Their Bets

In other NB Bancorp news, Director Hope Pascucci bought 40,000 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of $18.53 per share, with a total value of $741,200.00. Following the completion of the acquisition, the director now owns 40,075 shares in the company, valued at $742,589.75. This trade represents a 53,333.33 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph P. Campanelli acquired 2,000 shares of the company’s stock in a transaction on 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 directly owns 55,000 shares of the company’s stock, valued at $976,250. This trade represents a 3.77 % 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 worth $803,035. Company insiders own 1.70% 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.