NB Bancorp, Inc. (NASDAQ:NBBK) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP raised its position in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 24.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,493,601 shares of the company’s stock after purchasing an additional 290,818 shares during the period. Wellington Management Group LLP owned 3.50% of NB Bancorp worth $27,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in NB Bancorp in the 2nd quarter valued at approximately $267,000. Bank of New York Mellon Corp bought a new stake in shares of NB Bancorp during the second quarter valued at about $1,820,000. Panagora Asset Management Inc. acquired a new stake in NB Bancorp in the second quarter worth about $1,584,000. International Assets Investment Management LLC bought a new position in NB Bancorp in the 2nd quarter valued at about $104,000. Finally, nVerses Capital LLC acquired a new position in NB Bancorp during the 2nd quarter valued at about $26,000.

NB Bancorp Trading Down 1.8 %

NASDAQ NBBK opened at $20.16 on Friday. The stock’s 50-day moving average price is $19.31 and its two-hundred day moving average price is $17.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10. NB Bancorp, Inc. has a 1 year low of $13.10 and a 1 year high of $21.05.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their price objective on shares of NB Bancorp from $21.00 to $22.00 and gave the company 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.