NB Bancorp (NASDAQ:NBBK - Get Free Report) had its price target boosted by investment analysts at Piper Sandler from $19.00 to $20.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Piper Sandler's price objective would indicate a potential upside of 3.84% from the company's current price.
NB Bancorp Stock Performance
Shares of NBBK traded up $1.14 during midday trading on Thursday, hitting $19.26. 226,781 shares of the stock traded hands, compared to its average volume of 262,668. The business's 50 day moving average price is $17.46 and its two-hundred day moving average price is $17.80. The firm has a market capitalization of $781.38 million, a PE ratio of 16.32 and a beta of 0.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.08 and a current ratio of 1.08. NB Bancorp has a 1-year low of $15.09 and a 1-year high of $21.05.
NB Bancorp (NASDAQ:NBBK - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. NB Bancorp had a return on equity of 6.61% and a net margin of 14.73%. The company had revenue of $51.19 million for the quarter. Equities research analysts predict that NB Bancorp will post 1.39 EPS for the current fiscal year.
Insider Buying and Selling at NB Bancorp
In related news, Director Francis Orfanello acquired 5,000 shares of NB Bancorp stock in a transaction that occurred on Tuesday, April 29th. The stock was acquired at an average price of $17.09 per share, with a total value of $85,450.00. Following the completion of the acquisition, the director directly owned 130,237 shares of the company's stock, valued at $2,225,750.33. This trade represents a 3.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of NBBK. Quarry LP bought a new position in shares of NB Bancorp during the 1st quarter valued at about $26,000. Tower Research Capital LLC TRC lifted its holdings in shares of NB Bancorp by 87.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company's stock valued at $80,000 after purchasing an additional 2,073 shares during the last quarter. GAMMA Investing LLC lifted its stake in NB Bancorp by 1,720.1% during the first quarter. GAMMA Investing LLC now owns 4,987 shares of the company's stock valued at $90,000 after buying an additional 4,713 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of NB Bancorp by 375.5% in the fourth quarter. Quantbot Technologies LP now owns 6,191 shares of the company's stock worth $112,000 after buying an additional 4,889 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of NB Bancorp in the fourth quarter worth approximately $128,000.
About NB Bancorp
(
Get Free Report)
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.
Further Reading
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