Victory Capital Management Inc. Reduces Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Victory Capital Management Inc. cut its stake in NB Bancorp, Inc. (NASDAQ:NBBK) by 18.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,753 shares of the company’s stock after selling 21,650 shares during the period. Victory Capital Management Inc. owned about 0.22% of NB Bancorp worth $1,777,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in shares of NB Bancorp in the 2nd quarter worth $26,000. Fairfield Financial Advisors LTD acquired a new stake in NB Bancorp in the second quarter valued at about $30,000. BNP Paribas Financial Markets purchased a new stake in NB Bancorp in the 1st quarter valued at approximately $85,000. Acadian Asset Management LLC acquired a new position in NB Bancorp during the 2nd quarter worth approximately $95,000. Finally, International Assets Investment Management LLC purchased a new position in shares of NB Bancorp during the 2nd quarter worth approximately $104,000.

Wall Street Analyst Weigh In

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

NB Bancorp Stock Up 2.1 %

NASDAQ:NBBK opened at $20.61 on Monday. NB Bancorp, Inc. has a 12-month low of $13.10 and a 12-month high of $20.98. The company’s 50-day moving average is $18.85 and its two-hundred day moving average is $17.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10.

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.