Barclays PLC Purchases 34,235 Shares of NB Bancorp, Inc. (NASDAQ:NBBK)

Barclays PLC raised its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 73.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,114 shares of the company's stock after buying an additional 34,235 shares during the quarter. Barclays PLC owned 0.19% of NB Bancorp worth $1,506,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Resources Management Corp CT ADV acquired a new stake in shares of NB Bancorp during the third quarter valued at approximately $28,000. Fairfield Financial Advisors LTD acquired a new stake in NB Bancorp during the 2nd quarter valued at $30,000. Quarry LP purchased a new stake in shares of NB Bancorp in the third quarter valued at $33,000. Acadian Asset Management LLC acquired a new position in shares of NB Bancorp in the 2nd quarter valued at about $95,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of NB Bancorp in the second quarter worth $211,000.

NB Bancorp Stock Performance

Shares of NBBK opened at $16.69 on Monday. NB Bancorp, Inc. has a 12 month low of $13.26 and a 12 month high of $21.05. The company's fifty day moving average is $19.40 and its 200-day moving average is $18.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10.

Analyst Ratings Changes

Separately, Piper Sandler raised their price target on NB Bancorp from $21.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st.

NB Bancorp 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.