Barclays PLC Has $1.51 Million Stock Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Barclays PLC increased its stake in NB Bancorp, Inc. (NASDAQ:NBBK) by 73.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,114 shares of the company’s stock after purchasing an additional 34,235 shares during the period. Barclays PLC owned approximately 0.19% of NB Bancorp worth $1,506,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of NB Bancorp by 24.2% in the third quarter. Wellington Management Group LLP now owns 1,493,601 shares of the company’s stock worth $27,721,000 after purchasing an additional 290,818 shares during the period. State Street Corp increased its position in shares of NB Bancorp by 16.5% in the third quarter. State Street Corp now owns 994,380 shares of the company’s stock worth $18,456,000 after purchasing an additional 140,960 shares during the period. Geode Capital Management LLC increased its position in shares of NB Bancorp by 1.9% in the third quarter. Geode Capital Management LLC now owns 885,243 shares of the company’s stock worth $16,433,000 after purchasing an additional 16,270 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of NB Bancorp in the third quarter worth $6,129,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of NB Bancorp by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 315,298 shares of the company’s stock worth $5,852,000 after purchasing an additional 3,611 shares during the period.

Analyst Ratings Changes

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

NB Bancorp Price Performance

NASDAQ:NBBK opened at $16.69 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s 50-day moving average is $19.40 and its 200-day moving average is $18.34. NB Bancorp, Inc. has a 1-year low of $13.26 and a 1-year high of $21.05.

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.