NB Bancorp (NASDAQ:NBBK) Hits New 12-Month High – Should You Buy?

NB Bancorp, Inc. (NASDAQ:NBBK)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.00 and last traded at $20.89, with a volume of 25490 shares. The stock had previously closed at $20.61.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price objective on NB Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st.

NB Bancorp Trading Down 0.8 %

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $18.93 and its 200-day simple moving average is $17.40.

Hedge Funds Weigh In On NB Bancorp

Several institutional investors have recently bought and sold shares of the business. Resources Management Corp CT ADV purchased a new stake in NB Bancorp during the third quarter worth $28,000. nVerses Capital LLC purchased a new stake in shares of NB Bancorp during the 2nd quarter worth $26,000. Quarry LP bought a new stake in NB Bancorp during the third quarter valued at about $33,000. Fairfield Financial Advisors LTD purchased a new position in NB Bancorp in the second quarter valued at about $30,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in NB Bancorp by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 315,298 shares of the company’s stock worth $5,852,000 after purchasing an additional 3,611 shares in the last quarter.

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.