International Assets Investment Management LLC Increases Stake in NB Bancorp, Inc. (NASDAQ:NBBK)

International Assets Investment Management LLC lifted its holdings in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 1,756.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,064 shares of the company's stock after acquiring an additional 121,164 shares during the period. International Assets Investment Management LLC owned 0.30% of NB Bancorp worth $2,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in shares of NB Bancorp in the 2nd quarter worth about $26,000. Fairfield Financial Advisors LTD purchased a new position in shares of NB Bancorp during the second quarter valued at approximately $30,000. Great Oak Capital Partners LLC boosted its position in shares of NB Bancorp by 2.6% during the third quarter. Great Oak Capital Partners LLC now owns 194,686 shares of the company's stock valued at $3,495,000 after buying an additional 5,000 shares during the period. BNP Paribas Financial Markets bought a new position in shares of NB Bancorp during the first quarter valued at approximately $85,000. Finally, Acadian Asset Management LLC bought a new stake in shares of NB Bancorp during the 2nd quarter worth approximately $95,000.

NB Bancorp Stock Up 0.9 %

NBBK traded up $0.17 on Monday, reaching $18.85. 106,691 shares of the company traded hands, compared to its average volume of 344,188. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.08. NB Bancorp, Inc. has a one year low of $13.10 and a one year high of $19.45. The firm has a fifty day simple moving average of $18.33 and a two-hundred day simple moving average of $16.73.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their price objective on NB Bancorp from $21.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday.

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.