NB Bancorp (NASDAQ:NBBK) Price Target Increased to $20.00 by Analysts at Piper Sandler

NB Bancorp (NASDAQ:NBBK) had its target price increased by Piper Sandler from $17.00 to $20.00 in a report released on Thursday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

NB Bancorp Price Performance

Shares of NASDAQ:NBBK opened at $18.30 on Thursday. NB Bancorp has a 52-week low of $13.10 and a 52-week high of $18.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50-day moving average price of $15.48 and a 200-day moving average price of $14.58.

NB Bancorp (NASDAQ:NBBK) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. The firm had revenue of $42.13 million during the quarter, compared to analysts’ expectations of $38.30 million. As a group, equities research analysts predict that NB Bancorp will post 0.91 earnings per share for the current year.

Insider Activity at NB Bancorp

In related news, COO Salvatore J. Rinaldi purchased 6,900 shares of NB Bancorp stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average cost of $14.50 per share, for a total transaction of $100,050.00. Following the completion of the transaction, the chief operating officer now owns 21,319 shares in the company, valued at $309,125.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other NB Bancorp news, CFO Jean-Pierre Lapointe acquired 3,095 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $15.05 per share, with a total value of $46,579.75. Following the completion of the acquisition, the chief financial officer now owns 3,124 shares in the company, valued at $47,016.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Salvatore J. Rinaldi acquired 6,900 shares of the company’s stock in a transaction on Monday, April 29th. The stock was acquired at an average cost of $14.50 per share, for a total transaction of $100,050.00. Following the completion of the acquisition, the chief operating officer now owns 21,319 shares of the company’s stock, valued at approximately $309,125.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 10,995 shares of company stock worth $162,340. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of NB Bancorp

Institutional investors have recently bought and sold shares of the business. Stilwell Value LLC acquired a new stake in NB Bancorp in the fourth quarter valued at approximately $1,076,000. Lynch & Associates IN acquired a new stake in NB Bancorp in the first quarter valued at approximately $957,000. Hennessy Advisors Inc. acquired a new stake in NB Bancorp in the first quarter valued at approximately $2,595,000. Oppenheimer & Close LLC acquired a new stake in NB Bancorp in the fourth quarter valued at approximately $915,000. Finally, Wellington Management Group LLP acquired a new stake in NB Bancorp in the fourth quarter valued at approximately $7,232,000.

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.