NB Bancorp, Inc. (NASDAQ:NBBK) Shares Acquired by Hennessy Advisors Inc.

Hennessy Advisors Inc. lifted its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 24.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,000 shares of the company’s stock after acquiring an additional 40,000 shares during the quarter. Hennessy Advisors Inc. owned 0.48% of NB Bancorp worth $3,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Rhumbline Advisers acquired a new stake in NB Bancorp in the second quarter valued at approximately $817,000. Acadian Asset Management LLC purchased a new stake in shares of NB Bancorp in the 2nd quarter valued at approximately $95,000. Renaissance Technologies LLC raised its holdings in shares of NB Bancorp by 356.1% in the 2nd quarter. Renaissance Technologies LLC now owns 70,700 shares of the company’s stock valued at $1,066,000 after purchasing an additional 55,200 shares in the last quarter. Prospector Partners LLC purchased a new stake in shares of NB Bancorp during the 2nd quarter worth $3,653,000. Finally, Raffles Associates LP grew its stake in shares of NB Bancorp by 101.5% during the second quarter. Raffles Associates LP now owns 223,019 shares of the company’s stock worth $3,363,000 after purchasing an additional 112,319 shares in the last quarter.

NB Bancorp Price Performance

Shares of NBBK opened at $17.62 on Friday. NB Bancorp, Inc. has a 52-week low of $13.26 and a 52-week high of $21.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $19.17 and a 200 day moving average price of $18.38.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their price target on NB Bancorp from $21.00 to $22.00 and gave the company an “overweight” rating in a research note 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.