U.S. may expand Nvidia and AMD’s 15% China chips deal to other companies
Paul A. Evangelista, Executive Vice President at NB Bancorp , Inc. (NASDAQ:NBBK), recently acquired 500 shares of the company’s common stock. The purchase, made on March 18, 2025, was executed at a price of $18.74 per share, amounting to a total transaction value of $9,370. The stock has shown strong momentum, delivering a 37% return over the past year. With a market capitalization of $723 million, InvestingPro analysis indicates the bank maintains a "GOOD" overall financial health score. Following this acquisition, Evangelista now holds 23,066 shares directly. Additionally, he maintains indirect ownership of 8,899 shares through a 401(k) plan. This transaction highlights Evangelista’s continued investment in the company, which operates as a savings institution based in Needham, Massachusetts. Trading below book value with a P/B ratio of 0.94, and with analysts setting a $22 price target, investors seeking deeper insights into NBBK’s valuation metrics and insider trading patterns can access additional analysis through InvestingPro, which offers 12+ additional investment tips for the stock.
In other recent news, NB Bancorp, Inc., through its subsidiary Needham Bank, has announced significant changes to its officer and director benefit plans. As of January 28, 2025, the bank implemented amendments to freeze benefits under two key plans. The Second Amended and Restated Director Retirement Plan will no longer accrue benefits after December 31, 2024, effectively stopping the accumulation of retirement benefits for its participants. Additionally, the Needham Bank Nonqualified Deferred Compensation Plan for Officers has been amended to prevent new participants from joining after January 28, 2025, limiting the plan to current participants. These changes reflect a strategic shift in the bank’s approach to executive and director compensation, though the reasons for these amendments were not disclosed. The amendments are detailed in documents filed with the Securities and Exchange Commission as part of the bank’s regulatory compliance. Investors and the public are provided with these updates as part of NB Bancorp’s recent corporate governance decisions.
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