UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,290 shares of the company's stock, valued at approximately $952,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of NB Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of NBBK. SG Americas Securities LLC bought a new position in NB Bancorp during the 2nd quarter worth approximately $267,000. Bank of New York Mellon Corp bought a new position in shares of NB Bancorp during the 2nd quarter valued at about $1,820,000. Panagora Asset Management Inc. purchased a new position in shares of NB Bancorp during the 2nd quarter worth about $1,584,000. International Assets Investment Management LLC bought a new stake in shares of NB Bancorp during the second quarter valued at approximately $104,000. Finally, nVerses Capital LLC bought a new position in shares of NB Bancorp in the 2nd quarter worth $26,000.
Wall Street Analysts Forecast Growth
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 report on Thursday, October 31st.
Get Our Latest Research Report on NBBK
NB Bancorp Stock Performance
Shares of NASDAQ:NBBK traded down $0.35 during midday trading on Thursday, hitting $18.71. 192,339 shares of the stock were exchanged, compared to its average volume of 320,528. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average price of $19.54 and a 200-day moving average price of $17.91. NB Bancorp, Inc. has a twelve month low of $13.10 and a twelve month high of $21.05.
About NB Bancorp
(
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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