NB Bancorp (NASDAQ:NBBK) Posts Earnings Results, Beats Estimates By $0.02 EPS

NB Bancorp (NASDAQ:NBBK) posted its earnings results on Wednesday. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02, Zacks reports. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%.

NB Bancorp Stock Up 4.1 %

Shares of NBBK opened at $18.40 on Friday. The company’s 50-day simple moving average is $18.99 and its 200-day simple moving average is $18.46. 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 has a 1 year low of $13.26 and a 1 year high of $21.05. The stock has a market capitalization of $785.86 million and a PE ratio of 17.20.

Wall Street Analysts Forecast Growth

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

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.