NB Bancorp (NASDAQ:NBBK) Reaches New 12-Month High at $14.88

NB Bancorp, Inc. (NASDAQ:NBBK) reached a new 52-week high during trading on Monday . The stock traded as high as $14.88 and last traded at $14.81, with a volume of 162499 shares changing hands. The stock had previously closed at $14.62.

Analysts Set New Price Targets

Separately, Piper Sandler assumed coverage on shares of NB Bancorp in a report on Tuesday, April 9th. They set an “overweight” rating and a $17.00 target price on the stock.

NB Bancorp Stock Up 2.4 %

The firm’s fifty day moving average price is $13.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.19 and a current ratio of 1.19.

NB Bancorp (NASDAQ:NBBK) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $42.13 million for the quarter, compared to analyst estimates of $38.30 million. On average, analysts predict that NB Bancorp, Inc. will post 0.91 earnings per share for the current year.

Insider Activity at NB Bancorp

In related news, COO Salvatore J. Rinaldi acquired 6,900 shares of NB Bancorp stock in a transaction on Monday, April 29th. The stock was purchased at an average cost of $14.50 per share, with a total value of $100,050.00. Following the completion of the transaction, the chief operating officer now directly owns 21,319 shares in the company, valued at approximately $309,125.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Paul A. Evangelista bought 2,500 shares of the stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $14.09 per share, for a total transaction of $35,225.00. Following the completion of the purchase, the executive vice president now owns 17,566 shares in the company, valued at $247,504.94. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Salvatore J. Rinaldi purchased 6,900 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $14.50 per share, with a total value of $100,050.00. Following the completion of the acquisition, the chief operating officer now owns 21,319 shares in the company, valued at approximately $309,125.50. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 75,640 shares of company stock worth $1,065,105. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in shares of NB Bancorp in the first quarter valued at about $85,000. Gray Private Wealth LLC acquired a new position in shares of NB Bancorp during the 1st quarter worth approximately $145,000. Janney Montgomery Scott LLC bought a new position in shares of NB Bancorp during the first quarter worth approximately $273,000. Barry Investment Advisors LLC acquired a new stake in shares of NB Bancorp in the first quarter valued at approximately $273,000. Finally, Oppenheimer & Close LLC bought a new stake in shares of NB Bancorp in the fourth quarter valued at approximately $915,000.

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.