The Manufacturers Life Insurance Company Sells 1,547 Shares of NB Bancorp, Inc. (NASDAQ:NBBK)

The Manufacturers Life Insurance Company decreased its holdings in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,442 shares of the company’s stock after selling 1,547 shares during the period. The Manufacturers Life Insurance Company’s holdings in NB Bancorp were worth $231,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in NB Bancorp in the 2nd quarter worth approximately $26,000. Fairfield Financial Advisors LTD bought a new position in NB Bancorp during the 2nd quarter valued at about $30,000. Acadian Asset Management LLC purchased a new position in NB Bancorp in the second quarter worth about $95,000. International Assets Investment Management LLC bought a new position in NB Bancorp in the 2nd quarter worth $104,000. Finally, SG Americas Securities LLC purchased a new stake in shares of NB Bancorp in the second quarter worth $267,000.

NB Bancorp Stock Performance

NBBK stock opened at $20.64 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average is $19.46 and its 200 day moving average is $17.86. NB Bancorp, Inc. has a 12 month low of $13.10 and a 12 month high of $21.05.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their target price on 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 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.