NB Bancorp (NBBK) Stock Price, News & Analysis

Company Overview

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. It also invests in securities consisting of U.S. treasury and federal agency securities, government-sponsored residential mortgage-backed securities, municipal bonds, and corporate bonds. The company was founded in 1892 and is based in Needham, Massachusetts.

Key Stats

• Today's Range: $20.00 to $20.40
• 50-Day Range: $17.66 to $20.94
• 52-Week Range: $13.10 to $20.98
• Volume: 107,886 shs
• Average Volume: 334,203 shs
• Market Capitalization: $861.89 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $22.00
• Consensus Rating: Buy

NB Bancorp Stock Analysis - MarketRank™

NB Bancorp scored higher than 36% of companies evaluated by MarketBeat, and ranked 572nd out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

NB Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

NB Bancorp has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 22.52%

Earnings Growth

Earnings for NB Bancorp are expected to grow by 22.52% in the coming year, from $1.11 to $1.36 per share.

Price to Book Value per Share Ratio

NB Bancorp has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.52% of the float of NB Bancorp has been sold short.

Short Interest Ratio / Days to Cover

NB Bancorp has a short interest ratio ("days to cover") of 11, which indicates bearish sentiment.

Change versus previous month

Short interest in NB Bancorp has recently decreased by 9.52%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

NB Bancorp does not currently pay a dividend.

Dividend Growth

NB Bancorp does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.52% of the float of NB Bancorp has been sold short.

Short Interest Ratio / Days to Cover

NB Bancorp has a short interest ratio ("days to cover") of 11, which indicates bearish sentiment.

Change versus previous month

Short interest in NB Bancorp has recently decreased by 9.52%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: N/A

News Sentiment

NB Bancorp has a news sentiment score of 1.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for NB Bancorp this week, compared to 1 article on an average week.

MarketBeat Follows

4 people have added NB Bancorp to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, NB Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $9,435.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.70% of the stock of NB Bancorp is held by insiders.

NBBK Stock Analysis - Frequently Asked Questions

How have NBBK shares performed this year?

NB Bancorp's stock was trading at $13.45 at the beginning of the year. Since then, NBBK stock has increased by 50.0% and is now trading at $20.18.
View the best growth stocks for 2024 here.

When did NB Bancorp IPO?

NB Bancorp (NBBK) raised $356 million in an IPO on Thursday, December 28th 2023. The company issued 35,650,000 shares at $10.00 per share.

Who are NB Bancorp's major shareholders?

NB Bancorp's top institutional shareholders include Wellington Management Group LLP (3.50%), State Street Corp (2.33%), Geode Capital Management LLC (2.07%) and Hotchkis & Wiley Capital Management LLC (0.77%). Insiders that own company stock include Joseph P Campanelli, Paul A Evangelista, Salvatore J Rinaldi, Joseph R Nolan Jr, Francis Orfanello, Muhammad Raza, Angela Jackson, Jean-Pierre Lapointe and Hope Pascucci.
View institutional ownership trends.

How do I buy shares of NB Bancorp?

Shares of NBBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NB Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NB Bancorp investors own include Tesla (TSLA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Meta Platforms (META), NVIDIA (NVDA), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Savings institutions, except federal
• Sub-Industry: N/A
• Current Symbol: NASDAQ:NBBK
• Previous Symbol: NASDAQ:NBBK
• CUSIP: N/A
• CIK: 1979330
• Web: www.needhambank.com
• Phone: 781-444-2100
• Fax: N/A
• Employees: 342
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $22.00
• High Stock Price Target: $22.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: +9.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $9.82 million
• Net Margins: 4.47%
• Pretax Margin: 6.63%
• Return on Equity: 2.40%
• Return on Assets: 0.38%

Debt

• Debt-to-Equity Ratio: 0.16
• Current Ratio: 1.10
• Quick Ratio: 1.10

Sales & Book Value

• Annual Sales: $236.08 million
• Price / Sales: 3.65
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $17.50 per share
• Price / Book: 1.15

Miscellaneous

• Outstanding Shares: 42,710,000
• Free Float: 41,980,000
• Market Cap: $861.89 million
• Optionable: Optionable
• Beta: N/A