NB Bancorp (NASDAQ:NBBK) Issues 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 for the quarter, beating the consensus estimate of $0.32 by $0.02, Zacks reports. NB Bancorp had a net margin of 4.47% and a return on equity of 2.40%.

NB Bancorp Stock Performance

Shares of NB Bancorp stock traded down $0.07 on Wednesday, hitting $17.67. The stock had a trading volume of 147,948 shares, compared to its average volume of 221,519. The stock’s 50-day simple moving average is $19.05 and its two-hundred day simple moving average is $18.46. NB Bancorp has a one year low of $13.26 and a one year high of $21.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16.

Wall Street Analysts Forecast Growth

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

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.