NB Bancorp (NASDAQ:NBBK) Price Target Raised to $22.00

NB Bancorp (NASDAQ:NBBK) had its price target upped by Piper Sandler from $21.00 to $22.00 in a report released on Thursday, Benzinga reports. The firm currently has an overweight rating on the stock.

NB Bancorp Price Performance

NB Bancorp stock opened at $18.68 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.10 and a quick ratio of 1.10. NB Bancorp has a fifty-two week low of $13.10 and a fifty-two week high of $19.45. The stock has a 50-day simple moving average of $18.33 and a 200-day simple moving average of $16.71.

Insider Buying and Selling at NB Bancorp

In other NB Bancorp news, CEO Joseph P. Campanelli bought 3,000 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $16.44 per share, for a total transaction of $49,320.00. Following the completion of the transaction, the chief executive officer now owns 53,000 shares in the company, valued at approximately $871,320. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On NB Bancorp

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. purchased a new stake in NB Bancorp during the 1st quarter valued at approximately $27,058,000. Stieven Capital Advisors L.P. acquired a new position in shares of NB Bancorp in the first quarter valued at approximately $5,037,000. Prospector Partners LLC purchased a new stake in shares of NB Bancorp during the second quarter worth approximately $3,653,000. EJF Capital LLC lifted its holdings in shares of NB Bancorp by 90.5% during the first quarter. EJF Capital LLC now owns 390,617 shares of the company’s stock worth $5,336,000 after purchasing an additional 185,617 shares during the period. Finally, International Assets Investment Management LLC grew its position in NB Bancorp by 1,756.0% in the 3rd quarter. International Assets Investment Management LLC now owns 128,064 shares of the company’s stock valued at $2,377,000 after buying an additional 121,164 shares during the last quarter.

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.