NB Bancorp, Inc. (NASDAQ:NBBK) Stock Position Lessened by Great Oak Capital Partners LLC

Great Oak Capital Partners LLC trimmed its holdings in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 185,686 shares of the company’s stock after selling 9,000 shares during the period. NB Bancorp makes up approximately 1.1% of Great Oak Capital Partners LLC’s investment portfolio, making the stock its 13th largest holding. Great Oak Capital Partners LLC owned 0.43% of NB Bancorp worth $3,149,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of NBBK. Hotchkis & Wiley Capital Management LLC acquired a new stake in NB Bancorp in the third quarter worth approximately $6,129,000. Wellington Management Group LLP raised its position in NB Bancorp by 24.2% in the third quarter. Wellington Management Group LLP now owns 1,493,601 shares of the company’s stock worth $27,721,000 after acquiring an additional 290,818 shares in the last quarter. Prospector Partners LLC acquired a new stake in NB Bancorp in the 2nd quarter valued at about $3,653,000. FMR LLC boosted its position in shares of NB Bancorp by 17,265.9% during the 3rd quarter. FMR LLC now owns 230,445 shares of the company’s stock valued at $4,277,000 after purchasing an additional 229,118 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of NB Bancorp by 16.5% in the 3rd quarter. State Street Corp now owns 994,380 shares of the company’s stock worth $18,456,000 after purchasing an additional 140,960 shares in the last quarter.

Analyst Upgrades and Downgrades

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

NB Bancorp Price Performance

Shares of NASDAQ NBBK opened at $17.60 on Friday. The stock’s fifty day simple moving average is $19.27 and its 200 day simple moving average is $18.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10. NB Bancorp, Inc. has a 52-week low of $13.26 and a 52-week high of $21.05.

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.