Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 330,210 shares of the company's stock, valued at approximately $6,129,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.77% of NB Bancorp at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in NB Bancorp during the second quarter worth approximately $26,000. Fairfield Financial Advisors LTD purchased a new stake in NB Bancorp in the 2nd quarter valued at approximately $30,000. Charles Schwab Investment Management Inc. boosted its position in NB Bancorp by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 315,298 shares of the company's stock worth $5,852,000 after acquiring an additional 3,611 shares during the last quarter. Great Oak Capital Partners LLC grew its holdings in NB Bancorp by 2.6% in the third quarter. Great Oak Capital Partners LLC now owns 194,686 shares of the company's stock valued at $3,495,000 after purchasing an additional 5,000 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in NB Bancorp during the second quarter worth approximately $95,000.
Analyst Ratings Changes
Separately, Piper Sandler boosted their target price on shares of NB Bancorp from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st.
Check Out Our Latest Stock Analysis on NB Bancorp
NB Bancorp Stock Performance
NB Bancorp stock traded down $0.21 during mid-day trading on Friday, hitting $19.67. 77,896 shares of the company's stock were exchanged, compared to its average volume of 325,642. NB Bancorp, Inc. has a 1-year low of $13.10 and a 1-year high of $21.05. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $19.19 and a two-hundred day moving average of $17.62.
NB Bancorp Company Profile
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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.
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