NB Bancorp (NASDAQ:NBBK) Shares Up 1.6% – Time to Buy?

NB Bancorp, Inc. (NASDAQ:NBBK) shares rose 1.6% during trading on Tuesday . The company traded as high as $21.78 and last traded at $21.75. Approximately 309,432 shares were traded during trading, a decline of 21% from the average daily volume of 390,974 shares. The stock had previously closed at $21.41.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NBBK shares. Piper Sandler restated an “overweight” rating and set a $23.00 price target (up from $22.00) on shares of NB Bancorp in a report on Thursday, November 20th. Zacks Research lowered shares of NB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Finally, Keefe, Bruyette & Woods raised shares of NB Bancorp to a “hold” rating in a research report on Sunday, November 2nd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.00.

NB Bancorp Stock Performance

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $866.30 million, a price-to-earnings ratio of 16.23 and a beta of 0.31. The stock’s 50 day moving average is $20.93 and its two-hundred day moving average is $19.44.

NB Bancorp (NASDAQ:NBBK) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.49 by $0.71. NB Bancorp had a net margin of 14.30% and a return on equity of 8.94%. The firm had revenue of $63.15 million for the quarter, compared to analysts’ expectations of $75.75 million. Analysts expect that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

NB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, February 5th. This represents a $0.28 annualized dividend and a yield of 1.3%. NB Bancorp’s dividend payout ratio is presently 20.90%.

Hedge Funds Weigh In On NB Bancorp

Several large investors have recently bought and sold shares of NBBK. Integrated Wealth Concepts LLC boosted its holdings in NB Bancorp by 1.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 47,596 shares of the company’s stock valued at $943,000 after acquiring an additional 482 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of NB Bancorp by 75.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,286 shares of the company’s stock valued at $25,000 after buying an additional 553 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in NB Bancorp by 6.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 12,354 shares of the company’s stock worth $245,000 after purchasing an additional 708 shares in the last quarter. AFG Fiduciary Services Limited Partnership grew its holdings in NB Bancorp by 9.7% during the fourth quarter. AFG Fiduciary Services Limited Partnership now owns 10,970 shares of the company’s stock worth $214,000 after buying an additional 970 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of NB Bancorp by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,127 shares of the company’s stock valued at $418,000 after purchasing an additional 975 shares during the last quarter.

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.