NB Bancorp (NASDAQ:NBBK) Sets New 12-Month High at $18.70

Shares of NB Bancorp, Inc. (NASDAQ:NBBK) reached a new 52-week high on Tuesday . The company traded as high as $18.70 and last traded at $18.70, with a volume of 21829 shares traded. The stock had previously closed at $18.47.

Analyst Ratings Changes

Separately, Piper Sandler upped their price target on shares of NB Bancorp from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, July 25th.

NB Bancorp Trading Down 0.2 %

The business’s 50 day moving average price is $15.73 and its 200-day moving average price is $14.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.10 and a quick ratio of 1.10.

Insider Activity

In other NB Bancorp news, CFO Jean-Pierre Lapointe bought 3,095 shares of the stock in a transaction on Wednesday, May 8th. The stock was purchased at an average price of $15.05 per share, for a total transaction of $46,579.75. Following the completion of the purchase, the chief financial officer now directly owns 3,124 shares in the company, valued at $47,016.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in shares of NB Bancorp during the second quarter valued at about $26,000. BNP Paribas Financial Markets bought a new position in shares of NB Bancorp in the first quarter valued at approximately $85,000. International Assets Investment Management LLC acquired a new position in shares of NB Bancorp during the second quarter valued at approximately $104,000. Gray Private Wealth LLC bought a new stake in NB Bancorp during the first quarter worth approximately $145,000. Finally, SG Americas Securities LLC acquired a new stake in NB Bancorp in the second quarter worth approximately $267,000.

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.