JPMorgan Chase & Co. increased its stake in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 119.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 199,804 shares of the company's stock after purchasing an additional 108,774 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.47% of NB Bancorp worth $3,708,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Resources Management Corp CT ADV purchased a new stake in NB Bancorp during the third quarter valued at about $28,000. Quarry LP purchased a new position in shares of NB Bancorp during the third quarter worth about $33,000. Acadian Asset Management LLC bought a new position in shares of NB Bancorp in the 2nd quarter worth $95,000. Centiva Capital LP bought a new stake in NB Bancorp in the 3rd quarter worth approximately $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of NB Bancorp in the 3rd quarter valued at $235,000.
NB Bancorp Stock Performance
Shares of NBBK stock traded up $0.02 during trading hours on Friday, reaching $17.62. The company's stock had a trading volume of 191,952 shares, compared to its average volume of 185,054. 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 $13.26 and a one year high of $21.05. The firm's fifty day simple moving average is $19.17 and its 200 day simple moving average is $18.40.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler upped their price objective 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.
View Our Latest Analysis on NBBK
NB Bancorp Company Profile
(
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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