NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $20.48 and last traded at $20.40, with a volume of 68925 shares traded. The stock had previously closed at $19.22.
Analysts Set New Price Targets
Separately, Piper Sandler increased their price objective on shares of NB Bancorp from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st.
Read Our Latest Stock Analysis on NB Bancorp
NB Bancorp Stock Performance
The stock has a fifty day moving average of $18.39 and a 200 day moving average of $16.84. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.08.
Institutional Investors Weigh In On NB Bancorp
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. purchased a new stake in NB Bancorp during the first quarter worth about $27,058,000. Stieven Capital Advisors L.P. purchased a new stake in shares of NB Bancorp during the 1st quarter worth approximately $5,037,000. Prospector Partners LLC bought a new stake in shares of NB Bancorp in the 2nd quarter worth approximately $3,653,000. EJF Capital LLC lifted its stake in NB Bancorp by 90.5% in the first quarter. EJF Capital LLC now owns 390,617 shares of the company's stock valued at $5,336,000 after purchasing an additional 185,617 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in NB Bancorp by 1,756.0% during the third quarter. International Assets Investment Management LLC now owns 128,064 shares of the company's stock valued at $2,377,000 after purchasing an additional 121,164 shares during the period.
NB Bancorp Company Profile
(
Get Free Report)
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.
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