NB Bancorp, Inc. (NASDAQ:NBBK – Get Free Report) hit a new 52-week high during trading on Tuesday. The stock traded as high as $23.53 and last traded at $23.1650, with a volume of 131 shares traded. The stock had previously closed at $23.01.
Wall Street Analyst Weigh In
NBBK has been the subject of several recent analyst reports. New Street Research set a $24.00 price objective on shares of NB Bancorp in a research note on Tuesday. Piper Sandler upped their target price on shares of NB Bancorp from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods dropped their target price on shares of NB Bancorp from $25.00 to $24.00 and set a “market perform” rating for the company in a report on Tuesday. Wall Street Zen cut shares of NB Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Weiss Ratings upgraded shares of NB Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.
Check Out Our Latest Research Report on NB Bancorp
NB Bancorp Trading Down 0.4%
The company has a debt-to-equity ratio of 0.22, a current ratio of 1.06 and a quick ratio of 1.05. The company has a market cap of $987.26 million and a price-to-earnings ratio of 13.57. The business’s 50-day simple moving average is $22.49 and its 200-day simple moving average is $21.47.
NB Bancorp (NASDAQ:NBBK – Get Free Report) last announced its quarterly earnings results on Thursday, October 15th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. NB Bancorp had a net margin of 14.86% and a return on equity of 9.75%. The company had revenue of $76.55 million for the quarter, compared to the consensus estimate of $77.30 million. Research analysts predict that NB Bancorp, Inc. will post 2.12 earnings per share for the current fiscal year.
NB Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Thursday, October 29th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, October 29th. NB Bancorp’s payout ratio is currently 16.87%.
Insider Transactions at NB Bancorp
In related news, CEO Joseph Campanelli bought 2,000 shares of NB Bancorp stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average price of $21.75 per share, with a total value of $43,500.00. Following the purchase, the chief executive officer owned 379,790 shares in the company, valued at $8,260,432.50. This represents a 0.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.10% of the company’s stock.
Hedge Funds Weigh In On NB Bancorp
Several hedge funds have recently bought and sold shares of the stock. Globeflex Capital L P acquired a new stake in shares of NB Bancorp during the 1st quarter worth about $143,000. Pallas Capital Advisors LLC acquired a new position in shares of NB Bancorp in the second quarter valued at approximately $211,000. Corient Private Wealth LP acquired a new position in shares of NB Bancorp in the second quarter valued at approximately $221,000. Sequoia Financial Advisors LLC acquired a new position in shares of NB Bancorp in the second quarter valued at approximately $224,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of NB Bancorp during the second quarter valued at approximately $237,000.
NB Bancorp Company Profile
NB Bancorp, Inc is the bank holding company for Needham Bank, a community-oriented financial institution headquartered in Needham, Massachusetts. Through Needham Bank, the company provides banking services to individuals, families, businesses, nonprofit organizations and municipalities, primarily in the Greater Boston and eastern Massachusetts markets.
Its products and services include checking and savings accounts, certificates of deposit, residential mortgages, home equity financing, commercial real estate loans, commercial and industrial lending, construction loans and consumer credit.
Featured Articles
- Five stocks we like better than NB Bancorp
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
Receive News & Ratings for NB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
