NB Bancorp (NASDAQ:NBBK) Hits New 1-Year High – Here’s What Happened

NB Bancorp, Inc. (NASDAQ:NBBK)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $21.00 and last traded at $20.89, with a volume of 25490 shares changing hands. The stock had previously closed at $20.61.

Analyst Ratings Changes

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.

NB Bancorp Stock Performance

The stock has a 50 day moving average of $18.85 and a two-hundred day moving average of $17.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NBBK. Vanguard Group Inc. acquired a new position in NB Bancorp in the 1st quarter worth approximately $27,058,000. International Assets Investment Management LLC lifted its holdings in shares of NB Bancorp by 1,756.0% in 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 in the last quarter. Endeavour Capital Advisors Inc. boosted its position in shares of NB Bancorp by 32.7% in the second quarter. Endeavour Capital Advisors Inc. now owns 181,769 shares of the company’s stock worth $2,741,000 after buying an additional 44,780 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of NB Bancorp in the second quarter worth $1,820,000. Finally, Prospector Partners LLC purchased a new position in shares of NB Bancorp during the second quarter valued at $3,653,000.

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.