Barclays PLC Increases Stock Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Barclays PLC lifted its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 73.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,114 shares of the company’s stock after purchasing an additional 34,235 shares during the quarter. Barclays PLC owned about 0.19% of NB Bancorp worth $1,506,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in NB Bancorp in the 2nd quarter valued at $26,000. Fairfield Financial Advisors LTD acquired a new position in shares of NB Bancorp during the second quarter worth about $30,000. Quarry LP purchased a new position in NB Bancorp during the third quarter worth about $33,000. Acadian Asset Management LLC acquired a new stake in NB Bancorp in the second quarter valued at about $95,000. Finally, International Assets Investment Management LLC purchased a new stake in NB Bancorp in the 2nd quarter valued at approximately $104,000.

Analyst Ratings Changes

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

NB Bancorp Stock Down 1.6 %

Shares of NASDAQ NBBK opened at $18.35 on Friday. The company’s fifty day moving average is $19.57 and its two-hundred day moving average is $18.09. NB Bancorp, Inc. has a one year low of $13.10 and a one year high of $21.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10.

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.