NB Bancorp (NASDAQ:NBBK) Given New $22.00 Price Target at Piper Sandler

NB Bancorp (NASDAQ:NBBK) had its price target increased by equities researchers at Piper Sandler from $21.00 to $22.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 17.77% from the stock’s current price.

NB Bancorp Trading Down 1.1 %

NB Bancorp stock opened at $18.68 on Thursday. NB Bancorp has a fifty-two week low of $13.10 and a fifty-two week high of $19.45. The company has a 50 day moving average price of $18.33 and a 200-day moving average price of $16.69. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.08.

Insider Buying and Selling

In other NB Bancorp news, CEO Joseph P. Campanelli bought 3,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $16.44 per share, with a total value of $49,320.00. Following the transaction, the chief executive officer now owns 53,000 shares of the company’s stock, valued at approximately $871,320. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NBBK. International Assets Investment Management LLC boosted its stake in NB Bancorp by 1,756.0% in the third quarter. International Assets Investment Management LLC now owns 128,064 shares of the company’s stock valued at $2,377,000 after acquiring an additional 121,164 shares in the last quarter. Great Oak Capital Partners LLC boosted its position in shares of NB Bancorp by 2.6% in the 3rd quarter. Great Oak Capital Partners LLC now owns 194,686 shares of the company’s stock worth $3,495,000 after purchasing an additional 5,000 shares in the last quarter. SG Americas Securities LLC grew its stake in NB Bancorp by 48.5% during the 3rd quarter. SG Americas Securities LLC now owns 26,291 shares of the company’s stock worth $488,000 after buying an additional 8,589 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in NB Bancorp during the 2nd quarter valued at about $211,000. Finally, Endeavour Capital Advisors Inc. raised its stake in NB Bancorp by 32.7% in the second quarter. Endeavour Capital Advisors Inc. now owns 181,769 shares of the company’s stock valued at $2,741,000 after buying an additional 44,780 shares during 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.