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

Barclays PLC raised its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 73.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,114 shares of the company's stock after buying an additional 34,235 shares during the quarter. Barclays PLC owned about 0.19% of NB Bancorp worth $1,506,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NBBK. nVerses Capital LLC purchased a new stake in shares of NB Bancorp during the second quarter valued at approximately $26,000. Fairfield Financial Advisors LTD bought a new stake in NB Bancorp in the 2nd quarter worth about $30,000. Quarry LP purchased a new position in NB Bancorp in the 3rd quarter worth about $33,000. Acadian Asset Management LLC bought a new position in NB Bancorp during the 2nd quarter valued at about $95,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of NB Bancorp during the 2nd quarter valued at about $104,000.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their price objective on shares of NB Bancorp from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, October 31st.

NB Bancorp Trading Down 1.6 %

Shares of NASDAQ NBBK traded down $0.30 during midday trading on Friday, hitting $18.35. 101,151 shares of the stock traded hands, compared to its average volume of 318,564. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10. NB Bancorp, Inc. has a one year low of $13.10 and a one year high of $21.05. The firm has a 50-day moving average of $19.57 and a two-hundred day moving average of $18.12.

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.