NB Bancorp, Inc. (NASDAQ:NBBK - Get Free Report) shares saw unusually-strong trading volume on Thursday after the company announced better than expected quarterly earnings. Approximately 252,556 shares changed hands during mid-day trading, an increase of 14% from the previous session's volume of 222,381 shares.The stock last traded at $18.78 and had previously closed at $17.67.
The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%.
Wall Street Analyst Weigh In
Separately, Piper Sandler raised their price objective on NB Bancorp from $21.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st.
View Our Latest Analysis on NBBK
Institutional Investors Weigh In On NB Bancorp
Several large investors have recently modified their holdings of the stock. Resources Management Corp CT ADV bought a new stake in shares of NB Bancorp during the 3rd quarter worth $28,000. Quarry LP purchased a new stake in shares of NB Bancorp in the third quarter valued at $33,000. Charles Schwab Investment Management Inc. raised its holdings in shares of NB Bancorp by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 315,298 shares of the company's stock worth $5,852,000 after acquiring an additional 3,611 shares in the last quarter. Great Oak Capital Partners LLC raised its holdings 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 worth $3,495,000 after acquiring an additional 5,000 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of NB Bancorp by 48.5% during the third quarter. SG Americas Securities LLC now owns 26,291 shares of the company's stock worth $488,000 after acquiring an additional 8,589 shares in the last quarter.
NB Bancorp Trading Up 3.3 %
The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10. The company has a fifty day moving average of $18.95 and a 200-day moving average of $18.45. The firm has a market capitalization of $811.92 million and a PE ratio of 17.77.
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.
Featured Articles
Before you consider NB Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NB Bancorp wasn't on the list.
While NB Bancorp currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
