10,788 Shares in NB Bancorp, Inc. $NBBK Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in NB Bancorp, Inc. (NASDAQ:NBBK) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,788 shares of the company’s stock, valued at approximately $193,000.

Other large investors have also recently bought and sold shares of the company. Aviance Capital Partners LLC bought a new position in NB Bancorp in the first quarter worth about $646,000. Piper Sandler & CO. bought a new position in NB Bancorp in the first quarter worth about $716,000. American Century Companies Inc. lifted its holdings in NB Bancorp by 8.0% in the first quarter. American Century Companies Inc. now owns 25,697 shares of the company’s stock worth $464,000 after acquiring an additional 1,903 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in NB Bancorp by 24.9% in the first quarter. Panagora Asset Management Inc. now owns 181,282 shares of the company’s stock worth $3,276,000 after acquiring an additional 36,099 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in NB Bancorp by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,108,757 shares of the company’s stock worth $38,105,000 after acquiring an additional 21,932 shares during the last quarter.

NB Bancorp Trading Up 1.8%

NB Bancorp stock opened at $18.00 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $716.87 million, a price-to-earnings ratio of 13.53 and a beta of 0.37. NB Bancorp, Inc. has a 1 year low of $15.09 and a 1 year high of $21.05. The firm’s 50 day moving average price is $18.20 and its two-hundred day moving average price is $17.65.

NB Bancorp (NASDAQ:NBBK) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $51.19 million for the quarter. NB Bancorp had a net margin of 15.86% and a return on equity of 7.37%. On average, research analysts predict that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

NB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, August 6th. NB Bancorp’s payout ratio is presently 21.05%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NBBK. Weiss Ratings reissued a “sell (d+)” rating on shares of NB Bancorp in a report on Saturday, September 27th. Piper Sandler lifted their price target on NB Bancorp from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, Zacks Research cut NB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, NB Bancorp presently has an average rating of “Hold” and an average price target of $20.00.

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.