Freestone Capital Holdings LLC Has $357,000 Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Freestone Capital Holdings LLC lessened its holdings in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 62.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 26,134 shares of the company’s stock after selling 43,866 shares during the quarter. Freestone Capital Holdings LLC’s holdings in NB Bancorp were worth $357,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NBBK. Vanguard Group Inc. acquired a new stake in shares of NB Bancorp in the 1st quarter valued at about $27,058,000. Wellington Management Group LLP acquired a new stake in shares of NB Bancorp in the 4th quarter valued at about $7,232,000. Stieven Capital Advisors L.P. acquired a new stake in shares of NB Bancorp in the 1st quarter valued at about $5,037,000. Great Oak Capital Partners LLC acquired a new stake in shares of NB Bancorp in the 4th quarter valued at about $4,238,000. Finally, Hennessy Advisors Inc. acquired a new stake in shares of NB Bancorp in the 1st quarter valued at about $2,595,000.

Insider Activity

In related news, CFO Jean-Pierre Lapointe acquired 3,095 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of $15.05 per share, for a total transaction of $46,579.75. Following the acquisition, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Jean-Pierre Lapointe acquired 3,095 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of $15.05 per share, for a total transaction of $46,579.75. Following the acquisition, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Salvatore J. Rinaldi acquired 6,900 shares of the firm’s stock in a transaction dated 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 acquisition, the chief operating officer now directly owns 21,319 shares in the company, valued at $309,125.50. The disclosure for this purchase can be found here. Insiders purchased 10,995 shares of company stock worth $162,340 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

NB Bancorp Trading Up 2.0 %

Shares of NBBK traded up $0.36 during midday trading on Friday, hitting $18.66. The stock had a trading volume of 380,822 shares, compared to its average volume of 729,926. The company has a 50 day simple moving average of $15.54 and a two-hundred day simple moving average of $14.61. 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 twelve month low of $13.10 and a twelve month high of $18.68.

NB Bancorp (NASDAQ:NBBK) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. The company had revenue of $42.13 million during the quarter, compared to the consensus estimate of $38.30 million. Analysts anticipate that NB Bancorp, Inc. will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price target on NB Bancorp from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday.

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.