Raffles Associates LP Trims Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Raffles Associates LP decreased its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 95.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,154 shares of the company’s stock after selling 211,865 shares during the period. Raffles Associates LP’s holdings in NB Bancorp were worth $207,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. PDT Partners LLC increased its holdings in shares of NB Bancorp by 78.0% in the third quarter. PDT Partners LLC now owns 30,753 shares of the company’s stock worth $571,000 after purchasing an additional 13,480 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in NB Bancorp during the third quarter worth about $952,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in NB Bancorp in the 3rd quarter worth about $235,000. MetLife Investment Management LLC increased its stake in NB Bancorp by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 22,958 shares of the company’s stock worth $426,000 after acquiring an additional 12,936 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of NB Bancorp by 78.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 76,319 shares of the company’s stock valued at $1,416,000 after acquiring an additional 33,477 shares in the last quarter.

Analysts Set New Price Targets

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

NB Bancorp Trading Down 0.2 %

Shares of NASDAQ:NBBK opened at $20.14 on Friday. The company’s fifty day moving average price is $19.03 and its 200-day moving average price is $17.48. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10. NB Bancorp, Inc. has a one year low of $13.10 and a one year high of $21.05.

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.