NB Bancorp, Inc. (NASDAQ:NBBK) CFO Purchases $52,470.00 in Stock

NB Bancorp, Inc. (NASDAQ:NBBK) CFO Jean-Pierre Lapointe acquired 3,000 shares of NB Bancorp stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $17.49 per share, with a total value of $52,470.00. Following the completion of the transaction, the chief financial officer now owns 3,300 shares of the company’s stock, valued at $57,717. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, May 8th, Jean-Pierre Lapointe bought 3,095 shares of NB Bancorp stock. The shares were bought at an average cost of $15.05 per share, with a total value of $46,579.75.

NB Bancorp Stock Down 5.4 %

Shares of NASDAQ NBBK opened at $17.28 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average price is $15.83 and its two-hundred day moving average price is $14.78. NB Bancorp, Inc. has a one year low of $13.10 and a one year high of $19.27.

Institutional Investors Weigh In On NB Bancorp

Institutional investors have recently modified their holdings of the business. nVerses Capital LLC acquired a new stake in NB Bancorp in the 2nd quarter worth about $26,000. BNP Paribas Financial Markets bought a new position in shares of NB Bancorp during the first quarter worth approximately $85,000. International Assets Investment Management LLC acquired a new stake in shares of NB Bancorp in the second quarter valued at approximately $104,000. Gray Private Wealth LLC bought a new stake in shares of NB Bancorp in the first quarter valued at approximately $145,000. Finally, SG Americas Securities LLC acquired a new stake in NB Bancorp during the second quarter worth approximately $267,000.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price objective on NB Bancorp from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th.

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.