UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New Investment in NB Bancorp, Inc. (NASDAQ:NBBK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in NB Bancorp, Inc. (NASDAQ:NBBK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 51,290 shares of the company’s stock, valued at approximately $952,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of NB Bancorp as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in NBBK. Charles Schwab Investment Management Inc. increased its position in NB Bancorp by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,298 shares of the company’s stock valued at $5,852,000 after acquiring an additional 3,611 shares in the last quarter. Prospector Partners LLC bought a new position in shares of NB Bancorp in the 2nd quarter valued at about $3,653,000. FMR LLC grew its position in shares of NB Bancorp by 17,265.9% during the 3rd quarter. FMR LLC now owns 230,445 shares of the company’s stock worth $4,277,000 after buying an additional 229,118 shares during the period. Raffles Associates LP raised its stake in shares of NB Bancorp by 101.5% during the second quarter. Raffles Associates LP now owns 223,019 shares of the company’s stock worth $3,363,000 after buying an additional 112,319 shares during the last quarter. Finally, Great Oak Capital Partners LLC lifted its holdings in NB Bancorp by 2.6% in the third quarter. Great Oak Capital Partners LLC now owns 194,686 shares of the company’s stock valued at $3,495,000 after buying an additional 5,000 shares during the period.

NB Bancorp Trading Down 5.1 %

NASDAQ NBBK opened at $19.06 on Thursday. NB Bancorp, Inc. has a 12 month low of $13.10 and a 12 month high of $21.05. The stock has a 50-day simple moving average of $19.54 and a 200 day simple moving average of $17.91. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

Wall Street Analysts Forecast Growth

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

NB Bancorp 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.