Rhumbline Advisers Trims Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Rhumbline Advisers cut its holdings in NB Bancorp, Inc. (NASDAQ:NBBK) by 34.6% during the first quarter, Holdings Channel reports. The institutional investor owned 50,805 shares of the company’s stock after selling 26,872 shares during the quarter. Rhumbline Advisers’ holdings in NB Bancorp were worth $918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. grew its position in shares of NB Bancorp by 79.5% in the 4th quarter. Ameriprise Financial Inc. now owns 79,500 shares of the company’s stock worth $1,436,000 after buying an additional 35,200 shares during the period. Nuveen Asset Management LLC grew its position in shares of NB Bancorp by 34.9% in the 4th quarter. Nuveen Asset Management LLC now owns 99,384 shares of the company’s stock worth $1,795,000 after buying an additional 25,690 shares during the period. Millennium Management LLC grew its position in shares of NB Bancorp by 143.6% in the 4th quarter. Millennium Management LLC now owns 224,170 shares of the company’s stock worth $4,049,000 after buying an additional 132,130 shares during the period. Two Sigma Advisers LP grew its position in shares of NB Bancorp by 259.6% in the 4th quarter. Two Sigma Advisers LP now owns 37,400 shares of the company’s stock worth $675,000 after buying an additional 27,000 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NB Bancorp by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,152 shares of the company’s stock worth $400,000 after buying an additional 789 shares during the period.

Insider Buying and Selling

In other news, Director Francis Orfanello purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average price of $17.09 per share, for a total transaction of $85,450.00. Following the purchase, the director now directly owns 130,237 shares in the company, valued at approximately $2,225,750.33. This trade represents a 3.99% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by company insiders.

NB Bancorp Stock Up 0.4%

NASDAQ:NBBK opened at $16.27 on Friday. The firm’s 50-day moving average price is $16.87 and its 200-day moving average price is $17.93. The company has a market capitalization of $660.07 million, a PE ratio of 13.79 and a beta of 0.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.08 and a quick ratio of 1.08. NB Bancorp, Inc. has a 1-year low of $14.20 and a 1-year high of $21.05.

NB Bancorp (NASDAQ:NBBK) last released its earnings results on Tuesday, April 22nd. The company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $47.39 million for the quarter, compared to the consensus estimate of $44.50 million. NB Bancorp had a net margin of 14.73% and a return on equity of 6.61%. On average, equities analysts predict that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

NB Bancorp 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.