Salvatore J. Rinaldi Acquires 6,900 Shares of NB Bancorp, Inc. (NASDAQ:NBBK) Stock

NB Bancorp, Inc. (NASDAQ:NBBK) COO Salvatore J. Rinaldi bought 6,900 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average price of $14.50 per share, with a total value of $100,050.00. Following the completion of the purchase, the chief operating officer now directly owns 21,319 shares in the company, valued at $309,125.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NB Bancorp Stock Performance

Shares of NASDAQ NBBK opened at $14.61 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.37. NB Bancorp, Inc. has a 12 month low of $13.10 and a 12 month high of $14.85. The company’s 50 day simple moving average is $13.83.

NB Bancorp (NASDAQ:NBBK) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $42.13 million for the quarter, compared to analyst estimates of $38.30 million. Equities research analysts forecast that NB Bancorp, Inc. will post 0.91 earnings per share for the current year.

Institutional Trading of NB Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Farley Capital L.P. acquired a new position in shares of NB Bancorp in the 4th quarter valued at $1,076,000. Oppenheimer & Close LLC acquired a new position in shares of NB Bancorp in the 4th quarter valued at $915,000. Stilwell Value LLC acquired a new position in shares of NB Bancorp in the 4th quarter valued at $1,076,000. Great Oak Capital Partners LLC acquired a new position in shares of NB Bancorp in the 4th quarter valued at $4,238,000. Finally, Wellington Management Group LLP acquired a new position in shares of NB Bancorp in the 4th quarter valued at $7,232,000.

Analyst Ratings Changes

Separately, Piper Sandler initiated coverage on shares of NB Bancorp in a research note on Tuesday, April 9th. They issued an “overweight” rating and a $17.00 target price for the company.

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.