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

NB Bancorp, Inc. (NASDAQ:NBBK) was the target of a significant decline in short interest in 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 company’s stock are short sold. Based on an average daily volume of 227,700 shares, the short-interest ratio is presently 4.0 days.

NB Bancorp Stock Performance

NBBK stock traded up $0.06 during trading on Tuesday, hitting $18.78. 221,962 shares of the company’s stock traded hands, compared to its average volume of 256,431. The stock has a fifty day moving average price of $18.58 and a two-hundred day moving average price of $18.81. The stock has a market capitalization of $785.81 million, a price-to-earnings ratio of 17.55 and a beta of 0.17. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. NB Bancorp has a 52 week low of $13.26 and a 52 week high of $21.05.

NB Bancorp (NASDAQ:NBBK) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. As a group, equities analysts anticipate that NB Bancorp will post 1.39 EPS for the current fiscal year.

Insider Transactions at NB Bancorp

In other NB Bancorp news, CEO Joseph P. Campanelli bought 2,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the purchase, the chief executive officer now directly owns 55,000 shares in the company, valued at approximately $976,250. This trade represents a 3.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hope Pascucci bought 40,000 shares of the stock in a transaction on Friday, January 24th. The shares were acquired at an average price of $18.53 per share, with a total value of $741,200.00. Following the purchase, the director now owns 40,075 shares of the company’s stock, valued at $742,589.75. The trade was a 53,333.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 43,400 shares of company stock valued at $803,035. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On NB Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of NBBK. Resources Management Corp CT ADV bought a new position in NB Bancorp in the 3rd quarter valued at about $28,000. Quarry LP bought a new position in NB Bancorp in the 3rd quarter valued at about $33,000. Tower Research Capital LLC TRC grew its position in NB Bancorp by 87.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company’s stock valued at $80,000 after buying an additional 2,073 shares in the last quarter. Quantbot Technologies LP grew its position in NB Bancorp by 375.5% in the 4th quarter. Quantbot Technologies LP now owns 6,191 shares of the company’s stock valued at $112,000 after buying an additional 4,889 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in NB Bancorp in the 4th quarter valued at about $128,000.

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.