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NB Bancorp , Inc. (NASDAQ:NBBK) EVP, Dir Spec. Bank. Ctr., Paul A Evangelista, recently purchased 500 shares of common stock at a price of $18.3903, according to a Form 4 filing with the Securities and Exchange Commission. The transaction, which occurred on July 25, 2025, amounted to a total value of $9,195. The purchase price sits slightly below the current trading price of $18.46, with the company’s market capitalization standing at $714 million. According to InvestingPro analysis, the stock appears undervalued, trading below its book value with a P/B ratio of 0.97.
Following the purchase, Evangelista directly owns 24,566 shares of NB Bancorp, Inc. In addition, he indirectly owns 12,995 shares by ESOP
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. The merger, valued at approximately $211.8 million, will allow Provident to merge into Needham, expanding its reach into the North Shore of Massachusetts and New Hampshire. Provident shareholders can opt to receive either 0.691 shares of Needham common stock or $13.00 in cash for each share they hold, with a 50% allocation ensuring half receive stock consideration. This merger is expected to be about 19% accretive to Needham’s earnings per share by 2026.
Additionally, NB Bancorp has initiated a new stock repurchase plan, authorizing the buyback of up to 2,028,522 shares, which represents about 5% of the company’s outstanding common stock. This action comes after the company’s transition to a publicly-traded entity following its mutual-to-stock conversion in December 2023. Joseph Campanelli, Chairman, President, and CEO, emphasized that the repurchase plan is intended to reward shareholders and reflects the company’s success and growth in market share.
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