NB Bancorp, Inc. (NASDAQ:NBBK) Shares Bought by State Street Corp

State Street Corp lifted its holdings in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 16.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 994,380 shares of the company’s stock after purchasing an additional 140,960 shares during the period. State Street Corp owned about 2.33% of NB Bancorp worth $18,456,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC purchased a new position in NB Bancorp during the third quarter worth about $6,129,000. Charles Schwab Investment Management Inc. raised its position in NB Bancorp by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 315,298 shares of the company’s stock valued at $5,852,000 after purchasing an additional 3,611 shares during the period. Prospector Partners LLC acquired a new position in NB Bancorp during the 2nd quarter worth approximately $3,653,000. FMR LLC lifted its position in shares of NB Bancorp by 17,265.9% during the third quarter. FMR LLC now owns 230,445 shares of the company’s stock worth $4,277,000 after purchasing an additional 229,118 shares in the last quarter. Finally, Raffles Associates LP boosted its position in NB Bancorp by 101.5% in the 2nd quarter. Raffles Associates LP now owns 223,019 shares of the company’s stock valued at $3,363,000 after buying an additional 112,319 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price target on shares of 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 Price Performance

NBBK stock opened at $18.56 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. NB Bancorp, Inc. has a 1 year low of $13.10 and a 1 year high of $21.05. The stock’s fifty day moving average is $19.57 and its two-hundred day moving average is $17.98.

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.