Fmr LLC Boosts Position in NB Bancorp, Inc. (NASDAQ:NBBK)

FMR LLC raised its position in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 17,265.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,445 shares of the company's stock after purchasing an additional 229,118 shares during the period. FMR LLC owned about 0.54% of NB Bancorp worth $4,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NBBK. nVerses Capital LLC purchased a new position in shares of NB Bancorp during the 2nd quarter worth about $26,000. Fairfield Financial Advisors LTD purchased a new position in shares of NB Bancorp during the 2nd quarter worth about $30,000. Acadian Asset Management LLC purchased a new position in shares of NB Bancorp during the 2nd quarter worth about $95,000. International Assets Investment Management LLC purchased a new position in shares of NB Bancorp during the 2nd quarter worth about $104,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of NB Bancorp during the 2nd quarter worth about $211,000.

NB Bancorp Trading Up 1.0 %

Shares of NBBK stock traded up $0.20 during trading hours on Friday, hitting $20.36. 152,296 shares of the company were exchanged, compared to its average volume of 322,187. NB Bancorp, Inc. has a 1 year low of $13.10 and a 1 year high of $21.05. The firm has a fifty day moving average of $19.40 and a 200 day moving average of $17.80. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price objective 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.

About NB Bancorp

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.