Barry Investment Advisors LLC Takes Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Barry Investment Advisors LLC acquired a new position in NB Bancorp, Inc. (NASDAQ:NBBK) in the first quarter, Holdings Channel.com reports. The fund acquired 20,000 shares of the company’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Close LLC acquired a new stake in NB Bancorp in the fourth quarter worth about $915,000. Lynch & Associates IN acquired a new stake in NB Bancorp in the 1st quarter worth approximately $957,000. Farley Capital L.P. purchased a new stake in NB Bancorp during the 4th quarter worth approximately $1,076,000. Stilwell Value LLC acquired a new position in NB Bancorp during the 4th quarter valued at approximately $1,076,000. Finally, Hennessy Advisors Inc. purchased a new position in shares of NB Bancorp in the first quarter worth $2,595,000.

Insider Buying and Selling at NB Bancorp

In other NB Bancorp news, CFO Jean-Pierre Lapointe acquired 3,095 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $15.05 per share, for a total transaction of $46,579.75. Following the completion of the purchase, the chief financial officer now directly owns 3,124 shares of the company’s stock, valued at $47,016.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO Salvatore J. Rinaldi purchased 6,900 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was bought at an average cost of $14.50 per share, with a total value of $100,050.00. Following the completion of the acquisition, the chief operating officer now owns 21,319 shares of the company’s stock, valued at approximately $309,125.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jean-Pierre Lapointe acquired 3,095 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $15.05 per share, for a total transaction of $46,579.75. Following the purchase, the chief financial officer now directly owns 3,124 shares in the company, valued at $47,016.20. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 25,995 shares of company stock worth $381,190. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler initiated coverage on shares of NB Bancorp in a report on Tuesday, April 9th. They set an “overweight” rating and a $17.00 price objective on the stock.

NB Bancorp Stock Up 2.2 %

NB Bancorp stock traded up $0.32 during trading hours on Friday, hitting $15.08. 6,538,354 shares of the stock traded hands, compared to its average volume of 255,453. The firm’s 50 day moving average price is $14.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.10 and a current ratio of 1.10. NB Bancorp, Inc. has a 1 year low of $13.10 and a 1 year high of $16.05.

NB Bancorp (NASDAQ:NBBK) last issued its earnings results on Wednesday, April 24th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The firm had revenue of $42.13 million during the quarter, compared to analysts’ expectations of $38.30 million. Equities analysts anticipate that NB Bancorp, Inc. will post 0.91 EPS for the current year.

About NB Bancorp

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.