NB Bancorp, Inc. $NBBK Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its stake in NB Bancorp, Inc. (NASDAQ:NBBK) by 8.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,697 shares of the company’s stock after purchasing an additional 1,903 shares during the period. American Century Companies Inc. owned 0.06% of NB Bancorp worth $464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NBBK. First Trust Advisors LP acquired a new stake in shares of NB Bancorp during the fourth quarter worth $471,000. Tower Research Capital LLC TRC lifted its position in NB Bancorp by 87.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company’s stock worth $80,000 after acquiring an additional 2,073 shares during the period. Price T Rowe Associates Inc. MD lifted its position in NB Bancorp by 18.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,032 shares of the company’s stock worth $272,000 after acquiring an additional 2,297 shares during the period. Northern Trust Corp lifted its position in NB Bancorp by 4.7% during the 4th quarter. Northern Trust Corp now owns 358,539 shares of the company’s stock worth $6,475,000 after acquiring an additional 15,985 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in NB Bancorp during the 4th quarter worth about $260,000.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their target price on NB Bancorp from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $20.00.

NB Bancorp Price Performance

NASDAQ:NBBK opened at $18.85 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $750.80 million, a price-to-earnings ratio of 14.17 and a beta of 0.46. The company has a 50 day moving average price of $18.34 and a 200-day moving average price of $17.73. NB Bancorp, Inc. has a 1-year low of $15.09 and a 1-year high of $21.05.

NB Bancorp (NASDAQ:NBBK) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. NB Bancorp had a net margin of 15.86% and a return on equity of 7.37%. The company had revenue of $51.19 million during the quarter. Equities research analysts forecast that NB Bancorp, Inc. will post 1.39 EPS for the current year.

NB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, August 6th. NB Bancorp’s payout ratio is presently 21.05%.

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.