NB Bancorp (NASDAQ:NBBK) Rating Increased to Hold at Keefe, Bruyette & Woods

NB Bancorp (NASDAQ:NBBK) was upgraded by stock analysts at Keefe, Bruyette & Woods to a “hold” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

NBBK has been the subject of several other reports. Zacks Research upgraded shares of NB Bancorp from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Weiss Ratings upgraded shares of NB Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Finally, Piper Sandler upped their price target on shares of NB Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.00.

NB Bancorp Stock Down 1.8%

Shares of NBBK opened at $17.74 on Friday. NB Bancorp has a one year low of $15.09 and a one year high of $21.05. The company has a market cap of $706.58 million, a P/E ratio of 11.45 and a beta of 0.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $18.16 and a two-hundred day simple moving average of $17.74.

NB Bancorp (NASDAQ:NBBK) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. The business had revenue of $51.73 million during the quarter, compared to the consensus estimate of $52.40 million. NB Bancorp had a net margin of 17.59% and a return on equity of 7.76%. Research analysts forecast that NB Bancorp will post 1.39 EPS for the current fiscal year.

Insider Buying and Selling at NB Bancorp

In other NB Bancorp news, Director Hope Pascucci acquired 4,688 shares of NB Bancorp stock in a transaction that occurred on Tuesday, October 28th. The shares were bought at an average price of $18.07 per share, with a total value of $84,712.16. Following the completion of the purchase, the director directly owned 120,000 shares in the company, valued at $2,168,400. This trade represents a 4.07% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of NB Bancorp

A number of institutional investors have recently bought and sold shares of the company. SummerHaven Investment Management LLC boosted its position in NB Bancorp by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 50,826 shares of the company’s stock valued at $908,000 after acquiring an additional 849 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NB Bancorp by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,127 shares of the company’s stock valued at $418,000 after acquiring an additional 975 shares during the last quarter. Aviance Capital Partners LLC boosted its position in NB Bancorp by 4.0% during the second quarter. Aviance Capital Partners LLC now owns 37,167 shares of the company’s stock valued at $664,000 after acquiring an additional 1,434 shares during the last quarter. Quarry LP bought a new stake in NB Bancorp during the first quarter valued at $26,000. Finally, State of Alaska Department of Revenue bought a new stake in NB Bancorp during the third quarter valued at $28,000.

NB Bancorp Company Profile

NB Bancorp, Inc focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in Greater Boston metropolitan area and surrounding communities in Massachusetts, eastern Connecticut, southern New Hampshire, and Rhode Island. The company offers various deposits, including certificate of deposit, individual retirement, money market, savings, NOW, demand deposit, and interest-bearing and noninterest-bearing checking accounts; and commercial real estate and multifamily, one- to four-family residential real estate, construction and land development, commercial and industrial, and consumer loans, as well as home equity loans and lines of credit.