NB Bancorp (NASDAQ:NBBK) Now Covered by Analysts at Piper Sandler

Piper Sandler assumed coverage on shares of NB Bancorp (NASDAQ:NBBK) in a research report released on Tuesday, Marketbeat Ratings reports. The firm issued an overweight rating and a $17.00 price objective on the stock.

NB Bancorp Price Performance

NASDAQ:NBBK opened at $13.75 on Tuesday. NB Bancorp has a twelve month low of $13.10 and a twelve month high of $14.85. The business’s 50 day moving average price is $13.85.

Insiders Place Their Bets

In other news, Director Joseph R. Nolan, Jr. purchased 10,000 shares of NB Bancorp stock in a transaction on Tuesday, March 19th. The stock was purchased at an average price of $13.50 per share, with a total value of $135,000.00. Following the transaction, the director now directly owns 10,100 shares in the company, valued at approximately $136,350. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Joseph R. Nolan, Jr. acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were bought at an average price of $13.50 per share, for a total transaction of $135,000.00. Following the purchase, the director now directly owns 10,100 shares in the company, valued at approximately $136,350. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Paul A. Evangelista acquired 2,500 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $14.09 per share, for a total transaction of $35,225.00. Following the purchase, the executive vice president now owns 17,566 shares in the company, valued at $247,504.94. The disclosure for this purchase can be found here. Insiders bought a total of 53,840 shares of company stock valued at $747,594 in the last quarter.

Institutional Investors Weigh In On NB Bancorp

A number of large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP bought a new stake in NB Bancorp in the 4th quarter valued at $7,232,000. Great Oak Capital Partners LLC bought a new position in NB Bancorp during the 4th quarter worth $4,238,000. Stilwell Value LLC bought a new position in NB Bancorp during the 4th quarter worth $1,076,000. Farley Capital L.P. bought a new position in NB Bancorp during the 4th quarter worth $1,076,000. Finally, Goldman Sachs Group Inc. bought a new position in NB Bancorp during the 4th quarter worth $1,074,000.

About NB Bancorp

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.