Piper Sandler Increases NB Bancorp (NASDAQ:NBBK) Price Target to $22.00

NB Bancorp (NASDAQ:NBBK) had its target price raised by Piper Sandler from $21.00 to $22.00 in a research report report published on Thursday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

NB Bancorp Stock Down 1.1 %

NASDAQ:NBBK opened at $18.68 on Thursday. NB Bancorp has a twelve month low of $13.10 and a twelve month high of $19.45. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.08. The stock’s 50-day simple moving average is $18.33 and its 200 day simple moving average is $16.73.

Institutional Trading of NB Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in shares of NB Bancorp in the 1st quarter valued at $85,000. Janney Montgomery Scott LLC bought a new position in NB Bancorp in the first quarter valued at about $273,000. Oppenheimer & Close LLC boosted its stake in shares of NB Bancorp by 22.1% during the first quarter. Oppenheimer & Close LLC now owns 82,999 shares of the company’s stock valued at $1,134,000 after purchasing an additional 15,000 shares in the last quarter. Vanguard Group Inc. bought a new stake in shares of NB Bancorp during the first quarter worth about $27,058,000. Finally, Stieven Capital Advisors L.P. acquired a new position in shares of NB Bancorp in the first quarter valued at approximately $5,037,000.

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.