Charles Schwab Investment Management Inc. Has $5.77 Million Stock Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Charles Schwab Investment Management Inc. increased its holdings in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 1.3% in the 4th quarter, HoldingsChannel reports. The firm owned 319,436 shares of the company’s stock after acquiring an additional 4,138 shares during the period. Charles Schwab Investment Management Inc.’s holdings in NB Bancorp were worth $5,769,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NBBK. Resources Management Corp CT ADV acquired a new stake in shares of NB Bancorp during the 3rd quarter worth approximately $28,000. Quarry LP bought a new position in NB Bancorp during the third quarter worth $33,000. Centiva Capital LP acquired a new stake in NB Bancorp in the third quarter worth $213,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in NB Bancorp in the third quarter valued at $235,000. Finally, MetLife Investment Management LLC increased its stake in NB Bancorp by 129.1% in the third quarter. MetLife Investment Management LLC now owns 22,958 shares of the company’s stock valued at $426,000 after purchasing an additional 12,936 shares in the last quarter.

NB Bancorp Price Performance

NBBK stock opened at $19.05 on Tuesday. 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 company’s 50-day moving average is $18.74 and its 200-day moving average is $18.82. The stock has a market capitalization of $797.11 million, a PE ratio of 17.80 and a beta of 0.16. NB Bancorp, Inc. has a 1 year low of $13.26 and a 1 year high of $21.05.

NB Bancorp (NASDAQ:NBBK) last issued its earnings results on Wednesday, January 22nd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 expect that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Joseph P. Campanelli purchased 2,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the purchase, the chief executive officer now owns 55,000 shares of the company’s stock, valued at approximately $976,250. This trade represents a 3.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Hope Pascucci acquired 40,000 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were bought 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 directly owns 40,075 shares in the company, valued at approximately $742,589.75. This represents a 53,333.33 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 43,400 shares of company stock worth $803,035. 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.