NB Bancorp, Inc. (NASDAQ:NBBK) Short Interest Down 18.0% in December

NB Bancorp, Inc. (NASDAQ:NBBK) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,410,000 shares, a decrease of 18.0% from the December 15th total of 1,720,000 shares. Approximately 3.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 164,900 shares, the short-interest ratio is currently 8.6 days.

NB Bancorp Price Performance

NB Bancorp stock traded up $0.02 during mid-day trading on Friday, reaching $17.62. 191,952 shares of the company’s stock traded hands, compared to its average volume of 185,054. NB Bancorp has a 12-month low of $13.26 and a 12-month high of $21.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a 50 day moving average of $19.17 and a two-hundred day moving average of $18.40.

Institutional Trading of NB Bancorp

Several hedge funds have recently made changes to their positions in the business. Resources Management Corp CT ADV bought a new stake in NB Bancorp during the third quarter worth approximately $28,000. Quarry LP purchased a new position in shares of NB Bancorp in the 3rd quarter worth approximately $33,000. Charles Schwab Investment Management Inc. increased its position in shares of NB Bancorp by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 315,298 shares of the company’s stock valued at $5,852,000 after purchasing an additional 3,611 shares during the last quarter. Great Oak Capital Partners LLC raised its holdings in NB Bancorp by 2.6% during the 3rd quarter. Great Oak Capital Partners LLC now owns 194,686 shares of the company’s stock valued at $3,495,000 after buying an additional 5,000 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in NB Bancorp in the second quarter worth $95,000.

Analyst Ratings Changes

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

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.