NB Bancorp, Inc. $NBBK Shares Bought by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC raised its position in NB Bancorp, Inc. (NASDAQ:NBBK) by 1.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 50,826 shares of the company’s stock after acquiring an additional 849 shares during the period. SummerHaven Investment Management LLC owned approximately 0.13% of NB Bancorp worth $908,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quarry LP purchased a new position in shares of NB Bancorp in the 1st quarter valued at about $26,000. GAMMA Investing LLC raised its position in shares of NB Bancorp by 1,720.1% in the first quarter. GAMMA Investing LLC now owns 4,987 shares of the company’s stock valued at $90,000 after buying an additional 4,713 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in NB Bancorp in the second quarter valued at approximately $193,000. ProShare Advisors LLC purchased a new stake in NB Bancorp in the fourth quarter valued at approximately $198,000. Finally, State of Wyoming grew its holdings in NB Bancorp by 40.9% in the first quarter. State of Wyoming now owns 11,782 shares of the company’s stock valued at $213,000 after purchasing an additional 3,421 shares during the period.

NB Bancorp Trading Up 0.3%

NASDAQ NBBK opened at $18.13 on Monday. The company’s fifty day simple moving average is $18.29 and its 200-day simple moving average is $17.69. NB Bancorp, Inc. has a 52 week low of $15.09 and a 52 week high of $21.05. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The stock has a market cap of $722.12 million, a P/E ratio of 13.63 and a beta of 0.45.

NB Bancorp (NASDAQ:NBBK) last posted its earnings results on Wednesday, July 23rd. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. NB Bancorp had a net margin of 15.86% and a return on equity of 7.37%. The business had revenue of $51.19 million for the quarter. Equities research analysts predict that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

NB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, August 6th. NB Bancorp’s payout ratio is presently 21.05%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NBBK. Piper Sandler boosted their target price on shares of NB Bancorp from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Zacks Research cut shares of NB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, NB Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

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.