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Director Kenneth C. Montgomery of NB Bancorp (NASDAQ:NBBK), a $658 million market cap financial institution, has recently purchased 5,000 shares of common stock at $18.44, in a transaction totaling $92,200. The stock currently trades at $18.61, with InvestingPro analysis indicating the company is slightly undervalued. This insider purchase aligns with broader management actions, as indicated by one of several available InvestingPro Tips highlighting active share buybacks by management.
Following the transaction, Montgomery directly owns 80,337 shares, which includes restricted stock that vests at a rate of 20% per year starting April 24, 2026. The company maintains a GOOD financial health score according to InvestingPro metrics, trading at 0.89 times book value.
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