Latest news with #JosephCampanelli
Yahoo
28-05-2025
- Business
- Yahoo
NB Bancorp, Inc. (NASDAQ:NBBK) is favoured by institutional owners who hold 55% of the company
Given the large stake in the stock by institutions, NB Bancorp's stock price might be vulnerable to their trading decisions A total of 20 investors have a majority stake in the company with 50% ownership Insiders have been buying lately AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Every investor in NB Bancorp, Inc. (NASDAQ:NBBK) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 55% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. Let's take a closer look to see what the different types of shareholders can tell us about NB Bancorp. See our latest analysis for NB Bancorp Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that NB Bancorp does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at NB Bancorp's earnings history below. Of course, the future is what really matters. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. It looks like hedge funds own 5.3% of NB Bancorp shares. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. Needham Bank Employee Stock Ownership Plan is currently the largest shareholder, with 11% of shares outstanding. For context, the second largest shareholder holds about 8.4% of the shares outstanding, followed by an ownership of 5.6% by the third-largest shareholder. In addition, we found that Joseph Campanelli, the CEO has 1.1% of the shares allocated to their name. Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 20 shareholders, meaning that no single shareholder has a majority interest in the ownership. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There is some analyst coverage of the stock, but it could still become more well known, with time. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. We can report that insiders do own shares in NB Bancorp, Inc.. It has a market capitalization of just US$627m, and insiders have US$35m worth of shares, in their own names. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling. The general public-- including retail investors -- own 34% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. While it is well worth considering the different groups that own a company, there are other factors that are even more important. I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Journals
23-04-2025
- Business
- Business Journals
Needham Bank navigates post-IPO growth, reports lower Q1 profits
By submitting your information you are agreeing to our Privacy Policy and User Agreement . Join the Boston Business Journal to unlock even more insights! The bank has been on a growth path and went public a little over a year ago. In recent months, parent company NB Bancorp has had to navigate 'uncertainty,' it said. Little more than a year after going public, the parent company of Needham Bank posted a 19% drop in quarterly earnings and said much of the drop is driven by economic uncertainty. NB Bancorp Inc. (Nasdaq: NBBK) on Tuesday evening posted first-quarter results including net income of $12.7 million, or 33 cents per diluted share. Those numbers compare with earnings of $15.6 million, or 40 cents per diluted share, during the fourth quarter of 2024. Wild stock-market swings and growing pessimism about the economy have affected the financial performance of banks and other businesses over recent months. In addition, NB Bancorp has contended with growing pains — one-time expenses related to the liquidation of its former pension plan and the surrender of bank-owned life insurance policies. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events Those costs totaled over $1 million during the year's first quarter, NB Bancorp said in a news release. Download the free BBJ app for important news alerts on your phone. Sign up for the Business Journal's free daily newsletters. Sign up for Providence Business First's free daily newsletters. Originally a mutually owned institution, the bank held an initial public offering in December 2023, raising $400 million. 'We went public because we could,' Campanelli told the Business Journal a few months after the IPO. 'But we need more capital to continue to grow. In being a mutual and converting to a stock, we were able to (go public) during a very challenging time in the capital markets.' "As we begin our second year as a public company, we continue to navigate the uncertainty in front of us, as well as focus on our growth in a disciplined manner and closely monitor our capital levels,' said Joseph Campanelli, NB Bancorp chairman, president and CEO. The holding company noted that Needham Bank's loan portfolio grew 3% during the quarter to a total of $4.5 billion, and deposits increased 3.6% to $4.3 billion. Assets amounted to over $5.2 billion at the end of the first quarter, up 1.6% since the previous one. Needham Bank is the 15th-largest bank headquartered in Massachusetts, according to a Business Journal analysis of local deposits last year. That ranking is up from No. 19 in 2023. More recently, two other mutual banks in Massachusetts have taken steps to convert to stockholder ownership — Winchester Savings Bank and Avidia Bank. After closing Tuesday at $16.63, shares of NB Bancorp were trading at around $17.21 by noon on Wednesday, up 3.5%. The company currently has a market capitalization of $642 million.
