Jump Financial LLC Buys 9,649 Shares of NB Bancorp, Inc. (NASDAQ:NBBK)

Jump Financial LLC lifted its stake in NB Bancorp, Inc. (NASDAQ:NBBK) by 69.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,580 shares of the company’s stock after purchasing an additional 9,649 shares during the period. Jump Financial LLC’s holdings in NB Bancorp were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in NBBK. Barclays PLC raised its stake in NB Bancorp by 73.0% during the 3rd quarter. Barclays PLC now owns 81,114 shares of the company’s stock valued at $1,506,000 after buying an additional 34,235 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of NB Bancorp by 1.9% in the third quarter. Geode Capital Management LLC now owns 885,243 shares of the company’s stock worth $16,433,000 after acquiring an additional 16,270 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of NB Bancorp by 119.5% in the third quarter. JPMorgan Chase & Co. now owns 199,804 shares of the company’s stock worth $3,708,000 after acquiring an additional 108,774 shares during the period. Hennessy Advisors Inc. increased its position in NB Bancorp by 24.2% during the fourth quarter. Hennessy Advisors Inc. now owns 205,000 shares of the company’s stock valued at $3,702,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in NB Bancorp by 44.4% in the fourth quarter. Rhumbline Advisers now owns 77,677 shares of the company’s stock valued at $1,403,000 after acquiring an additional 23,870 shares during the period.

NB Bancorp Trading Down 1.4 %

NB Bancorp stock opened at $17.00 on Friday. NB Bancorp, Inc. has a 52-week low of $14.09 and a 52-week high of $21.05. The company has a market cap of $711.33 million, a P/E ratio of 15.89 and a beta of 0.50. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $17.84 and a two-hundred day simple moving average of $18.60.

NB Bancorp (NASDAQ:NBBK) last announced its earnings results on Tuesday, April 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. The company had revenue of $47.39 million during the quarter, compared to analyst estimates of $44.50 million. Analysts predict that NB Bancorp, Inc. will post 1.39 EPS for the current year.

Insider Transactions at NB Bancorp

In related news, CEO Joseph P. Campanelli acquired 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $17.75 per share, with a total value of $35,500.00. Following the transaction, the chief executive officer now directly owns 55,000 shares in the company, valued at approximately $976,250. This represents a 3.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by company insiders.

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.