Piper Sandler Increases NB Bancorp (NASDAQ:NBBK) Price Target to $20.00

NB Bancorp (NASDAQ:NBBK) had its target price boosted by Piper Sandler from $17.00 to $20.00 in a research note issued to investors on Thursday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

NB Bancorp Price Performance

NBBK stock opened at $18.66 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.10 and a current ratio of 1.10. NB Bancorp has a 1-year low of $13.10 and a 1-year high of $18.68. The business has a 50 day simple moving average of $15.54 and a two-hundred day simple moving average of $14.62.

Insider Buying and Selling

In related news, CFO Jean-Pierre Lapointe purchased 3,095 shares of NB Bancorp stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $15.05 per share, for a total transaction of $46,579.75. Following the acquisition, the chief financial officer now owns 3,124 shares in the company, valued at approximately $47,016.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On NB Bancorp

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in shares of NB Bancorp in the first quarter valued at $85,000. Gray Private Wealth LLC purchased a new position in shares of NB Bancorp in the 1st quarter worth $145,000. SG Americas Securities LLC bought a new stake in shares of NB Bancorp in the 2nd quarter worth about $267,000. Janney Montgomery Scott LLC purchased a new stake in shares of NB Bancorp during the 1st quarter valued at about $273,000. Finally, Barry Investment Advisors LLC bought a new position in shares of NB Bancorp in the 1st quarter valued at about $273,000.

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.