NB Bancorp (NASDAQ:NBBK) Reaches New 52-Week High – Here’s What Happened

Shares of NB Bancorp, Inc. (NASDAQ:NBBK) hit a new 52-week high on Monday . The company traded as high as $21.00 and last traded at $20.89, with a volume of 25490 shares. The stock had previously closed at $20.61.

Analysts Set New Price Targets

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

NB Bancorp Price Performance

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average price is $18.93 and its 200 day moving average price is $17.40.

Institutional Trading of NB Bancorp

Several large investors have recently added to or reduced their stakes in NBBK. Vanguard Group Inc. purchased a new position in shares of NB Bancorp in the first quarter worth about $27,058,000. Janus Henderson Group PLC acquired a new stake in NB Bancorp during the 1st quarter valued at approximately $312,000. SG Americas Securities LLC purchased a new stake in shares of NB Bancorp in the 2nd quarter valued at $267,000. Bank of New York Mellon Corp acquired a new stake in shares of NB Bancorp in the second quarter worth $1,820,000. Finally, Panagora Asset Management Inc. purchased a new position in shares of NB Bancorp during the second quarter worth $1,584,000.

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.