State Street Corp Has $18.46 Million Stock Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

State Street Corp increased its holdings in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 16.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 994,380 shares of the company's stock after purchasing an additional 140,960 shares during the quarter. State Street Corp owned 2.33% of NB Bancorp worth $18,456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NBBK. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of NB Bancorp in the third quarter worth about $6,129,000. 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 valued at $5,852,000 after purchasing an additional 3,611 shares during the last quarter. Prospector Partners LLC acquired a new position in NB Bancorp in the 2nd quarter worth about $3,653,000. FMR LLC raised its stake in shares of NB Bancorp by 17,265.9% during the 3rd quarter. FMR LLC now owns 230,445 shares of the company's stock worth $4,277,000 after purchasing an additional 229,118 shares in the last quarter. Finally, Raffles Associates LP lifted its holdings in shares of NB Bancorp by 101.5% during the 2nd quarter. Raffles Associates LP now owns 223,019 shares of the company's stock valued at $3,363,000 after buying an additional 112,319 shares during the last quarter.

NB Bancorp Price Performance

Shares of NBBK stock traded up $0.21 on Tuesday, hitting $18.77. The company's stock had a trading volume of 53,279 shares, compared to its average volume of 320,297. NB Bancorp, Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $21.05. The firm's fifty day moving average price is $19.57 and its 200-day moving average price is $18.01. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

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

NB Bancorp Company 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.