6 days Ago By ABMN Staff
Alliancebernstein L.P. lowered its position in NB Bancorp, Inc.
( NASDAQ:NBBK – Free Report ) by 53.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,250 shares of the company’s stock after selling 206,275 shares during the quarter.
Alliancebernstein L.P.’s holdings in NB Bancorp were worth $3,291,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP lifted its stake in shares of 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 purchasing an additional 4,889 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in NB Bancorp in the fourth quarter valued at approximately $128,000. Commonwealth Equity Services LLC lifted its position in NB Bancorp by 47.
4% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,797 shares of the company’s stock valued at $339,000 after buying an additional 6,047 shares in the last quarter. Sei Investments Co.
grew its stake in NB Bancorp by 34.5% during the fourth quarter. Sei Investments Co.
now owns 19,103 shares of the company’s stock worth $345,000 after buying an additional 4,900 shares during the period. Finally, American Century Companies Inc. increased its position in shares of NB Bancorp by 67.
8% in the fourth quarter. American Century Companies Inc. now owns 23,794 shares of the company’s stock worth $430,000 after acquiring an additional 9,612 shares in the last quarter.
Insiders Place Their Bets In other NB Bancorp news, Director Hope Pascucci purchased 40,000 shares of NB Bancorp stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of $18.53 per share, with a total value of $741,200.
00. Following the completion of the acquisition, the director now owns 40,075 shares of the company’s stock, valued at approximately $742,589.75.
This trade represents a 53,333.33 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink .
Also, CEO Joseph P. Campanelli acquired 2,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $17.
75 per share, with a total value of $35,500.00. Following the purchase, the chief executive officer now owns 55,000 shares in the company, valued at $976,250.
This represents a 3.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here .
Insiders purchased a total of 43,400 shares of company stock worth $803,035 in the last 90 days. 1.90% of the stock is owned by company insiders.
NB Bancorp Stock Performance NB Bancorp ( NASDAQ:NBBK – Get Free Report ) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.
32 by $0.02. NB Bancorp had a return on equity of 6.
04% and a net margin of 13.86%. As a group, equities research analysts expect that NB Bancorp, Inc.
will post 1.39 earnings per share for the current fiscal year. NB Bancorp Company 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. Read More 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:NBBK – Free Report ). 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 .
.
