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Director Darcey William of NB Bancorp , Inc. (NASDAQ:NBBK), a $618 million market cap financial institution, recently purchased shares of the company’s common stock, according to a Form 4 filing with the Securities and Exchange Commission. On August 11, 2025, William acquired a total of 5,000 shares in two separate transactions, at prices ranging from $17.29 to $17.30, for a total value of $86498. According to InvestingPro analysis, NBBK is currently undervalued, with a "GOOD" overall financial health score.
Specifically, the director purchased 139 shares at $17.29 per share and 4861 shares at $17.30 per share. Following these transactions, William directly owns 80237 shares of NB Bancorp, Inc. common stock, which includes restricted stock that vests at a rate of 20% per year starting April 24, 2026. William also indirectly owns 80,000 shares through an IRA. The insider purchase aligns with broader positive signals identified by InvestingPro, including management’s aggressive share buybacks and the company’s profitable status over the last twelve months.
In other recent news, NB Bancorp, Inc., the parent company of Needham Bank, has announced a definitive merger agreement with Provident Bancorp (NASDAQ:PVBC), Inc., the holding company for BankProv. This transaction is valued at approximately $211.8 million and will involve a combination of stock and cash. Provident shareholders will have the option to receive either 0.691 shares of Needham common stock or $13.00 in cash for each Provident share they hold, with a balanced allocation ensuring half of the shares receive stock consideration. This merger is expected to expand Needham Bank’s footprint into the North Shore of Massachusetts and New Hampshire. The transaction is anticipated to be approximately 19% accretive to Needham’s earnings per share by 2026. Additionally, there will be a tangible book value dilution of about 6.1%, with an earn-back period estimated at around 2.7 years. These developments reflect significant strategic growth for Needham Bank in the regional banking sector.
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