NB Bancorp, Inc. (NASDAQ:NBBK) Plans Quarterly Dividend of $0.07

NB Bancorp, Inc. (NASDAQ:NBBK) announced a quarterly dividend on Thursday, January 22nd. Investors of record on Thursday, February 5th will be given a dividend of 0.07 per share on Thursday, February 19th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, February 5th.

NB Bancorp Trading Up 0.9%

NASDAQ:NBBK opened at $20.66 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $20.10 and its 200-day moving average is $18.85. The firm has a market cap of $822.89 million, a price-to-earnings ratio of 13.33 and a beta of 0.32. NB Bancorp has a 12 month low of $15.09 and a 12 month high of $21.58.

NB Bancorp (NASDAQ:NBBK) last released its earnings results on Wednesday, January 28th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. NB Bancorp had a net margin of 17.59% and a return on equity of 7.79%. The firm had revenue of $63.15 million during the quarter, compared to analyst estimates of $75.75 million. Equities analysts anticipate that NB Bancorp will post 1.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods upgraded NB Bancorp to a “hold” rating in a research note on Sunday, November 2nd. Piper Sandler reissued an “overweight” rating and issued a $23.00 price objective (up from $22.00) on shares of NB Bancorp in a research report on Thursday, November 20th. Weiss Ratings upgraded shares of NB Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of NB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $23.00.

NB Bancorp Company Profile

NB Bancorp, Inc (NASDAQ: NBBK) is the bank holding company for NB Bank, N.A., a full-service community bank headquartered in Newburyport, Massachusetts. Through a network of branches across Northeast Massachusetts and southern New Hampshire, the company offers deposit and lending services tailored to individuals and small- to medium-sized businesses.

The company’s core product lineup includes checking and savings accounts, money market deposits and certificates of deposit, along with residential mortgage loans, home equity lines of credit and commercial lending solutions.