Oppenheimer & Close LLC Makes New Investment in NB Bancorp, Inc. (NASDAQ:NBBK)

Oppenheimer & Close LLC acquired a new position in NB Bancorp, Inc. (NASDAQ:NBBKFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 67,999 shares of the company’s stock, valued at approximately $915,000.

Separately, Farley Capital L.P. acquired a new position in NB Bancorp in the fourth quarter worth $1,076,000.

Analyst Upgrades and Downgrades

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 target price for the company.

View Our Latest Report on NBBK

NB Bancorp Trading Up 1.4 %

Shares of NBBK stock traded up $0.22 on Friday, reaching $15.95. 365,827 shares of the stock were exchanged, compared to its average volume of 314,360. NB Bancorp, Inc. has a one year low of $13.10 and a one year high of $15.97. The company has a quick ratio of 1.19, a current ratio of 1.10 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average price is $14.15.

NB Bancorp (NASDAQ:NBBKGet Free Report) last released its earnings results on Wednesday, April 24th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The firm had revenue of $42.13 million for the quarter, compared to the consensus estimate of $38.30 million. As a group, equities research analysts expect that NB Bancorp, Inc. will post 0.91 EPS for the current year.

Insider Transactions at NB Bancorp

In other news, CFO Jean-Pierre Lapointe bought 3,095 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price 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 in the company, valued at approximately $47,016.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Joseph P. Campanelli acquired 26,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average price of $13.97 per share, for a total transaction of $363,220.00. Following the completion of the acquisition, the chief executive officer now owns 26,000 shares of the company’s stock, valued at approximately $363,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jean-Pierre Lapointe acquired 3,095 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of $15.05 per share, with a total value of $46,579.75. Following the acquisition, the chief financial officer now directly owns 3,124 shares of the company’s stock, valued at approximately $47,016.20. The disclosure for this purchase can be found here. Insiders bought a total of 79,735 shares of company stock worth $1,127,394 over the last 90 days. 1.70% of the stock is owned by insiders.

NB Bancorp Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NBBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NB Bancorp, Inc. (NASDAQ:NBBKFree Report).

Institutional Ownership by Quarter for NB Bancorp (NASDAQ:NBBK)

Receive News & Ratings for NB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.