NB Bancorp (NASDAQ:NBBK) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

NB Bancorp (NASDAQ:NBBK) posted its quarterly earnings results on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02, Zacks reports. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%.

NB Bancorp Price Performance

Shares of NBBK stock opened at $18.40 on Friday. The firm’s 50-day moving average is $18.99 and its two-hundred day moving average is $18.46. NB Bancorp has a 12 month low of $13.26 and a 12 month high of $21.05. 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 market capitalization of $785.86 million and a PE ratio of 17.20.

Analyst Ratings Changes

Separately, Piper Sandler upped their target price on NB Bancorp from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 31st.

NB Bancorp Company Profile

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.