NB Bancorp (NASDAQ:NBBK) Stock Price Expected to Rise, Piper Sandler Analyst Says

NB Bancorp (NASDAQ:NBBK) had its price objective increased by stock analysts at Piper Sandler from $21.00 to $22.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective points to a potential upside of 17.77% from the stock’s previous close.

NB Bancorp Stock Down 1.1 %

NASDAQ NBBK opened at $18.68 on Thursday. The stock has a 50 day moving average price of $18.33 and a 200-day moving average price of $16.69. NB Bancorp has a one year low of $13.10 and a one year high of $19.45. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.08.

Insider Transactions at NB Bancorp

In other NB Bancorp news, CEO Joseph P. Campanelli purchased 3,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $16.44 per share, with a total value of $49,320.00. Following the acquisition, the chief executive officer now owns 53,000 shares in the company, valued at approximately $871,320. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.70% of the company’s stock.

Institutional Trading of NB Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of NBBK. nVerses Capital LLC bought a new position in NB Bancorp during the second quarter valued at $26,000. Fairfield Financial Advisors LTD bought a new position in NB Bancorp during the 2nd quarter valued at about $30,000. Great Oak Capital Partners LLC raised its position in NB Bancorp by 2.6% in the 3rd quarter. Great Oak Capital Partners LLC now owns 194,686 shares of the company’s stock worth $3,495,000 after purchasing an additional 5,000 shares during the period. BNP Paribas Financial Markets bought a new stake in NB Bancorp in the first quarter worth about $85,000. Finally, Acadian Asset Management LLC purchased a new position in shares of NB Bancorp during the second quarter valued at approximately $95,000.

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.