NB Bancorp, Inc. (NASDAQ:NBBK) CFO Jean-Pierre Lapointe Acquires 3,095 Shares

NB Bancorp, Inc. (NASDAQ:NBBK) CFO Jean-Pierre Lapointe bought 3,095 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $15.05 per share, for a total transaction of $46,579.75. Following the completion of the transaction, the chief financial officer now directly owns 3,124 shares of the company’s stock, valued at $47,016.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jean-Pierre Lapointe also recently made the following trade(s):

• On Monday, March 11th, Jean-Pierre Lapointe purchased 200 shares of NB Bancorp stock. The shares were bought at an average price of $13.80 per share, with a total value of $2,760.00.

NB Bancorp Trading Up 0.7 %

Shares of NBBK traded up $0.11 during mid-day trading on Thursday, reaching $15.28. The company had a trading volume of 258,617 shares, compared to its average volume of 403,571. NB Bancorp, Inc. has a twelve month low of $13.10 and a twelve month high of $15.30. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average price is $13.94.

NB Bancorp (NASDAQ:NBBK) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $42.13 million for the quarter, compared to the consensus estimate of $38.30 million. On average, sell-side analysts predict that NB Bancorp, Inc. will post 0.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Piper Sandler assumed coverage on NB Bancorp in a research report on Tuesday, April 9th. They set an “overweight” rating and a $17.00 price objective for the company.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in NB Bancorp in the 1st quarter valued at $85,000. Janney Montgomery Scott LLC bought a new position in NB Bancorp in the 1st quarter valued at $273,000. Oppenheimer & Close LLC boosted its position in NB Bancorp by 22.1% in the 1st quarter. Oppenheimer & Close LLC now owns 82,999 shares of the company’s stock valued at $1,134,000 after buying an additional 15,000 shares during the last quarter. Wellington Management Group LLP bought a new position in NB Bancorp in the 4th quarter valued at $7,232,000. Finally, Hennessy Advisors Inc. bought a new position in NB Bancorp in the 1st quarter valued at $2,595,000.

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.