Wellington Management Group LLP Has $27.72 Million Stock Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Wellington Management Group LLP lifted its holdings in shares of NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 24.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,493,601 shares of the company's stock after acquiring an additional 290,818 shares during the quarter. Wellington Management Group LLP owned about 3.50% of NB Bancorp worth $27,721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NBBK. International Assets Investment Management LLC grew its position in NB Bancorp by 1,756.0% in the 3rd quarter. International Assets Investment Management LLC now owns 128,064 shares of the company's stock worth $2,377,000 after purchasing an additional 121,164 shares during the last quarter. Endeavour Capital Advisors Inc. lifted its stake in shares of NB Bancorp by 32.7% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 181,769 shares of the company's stock worth $2,741,000 after acquiring an additional 44,780 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of NB Bancorp in the 2nd quarter worth approximately $1,820,000. Prospector Partners LLC bought a new stake in NB Bancorp during the second quarter worth approximately $3,653,000. Finally, BNP Paribas Financial Markets boosted its holdings in NB Bancorp by 78.1% during the third quarter. BNP Paribas Financial Markets now owns 76,319 shares of the company's stock worth $1,416,000 after buying an additional 33,477 shares in the last quarter.

NB Bancorp Price Performance

NASDAQ NBBK traded up $0.21 during trading hours on Friday, reaching $20.37. 52,388 shares of the company's stock were exchanged, compared to its average volume of 321,757. NB Bancorp, Inc. has a one year low of $13.10 and a one year high of $21.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $19.35 and a 200-day moving average of $17.75.

Analyst Ratings Changes

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

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.