NB Bancorp, Inc. (NASDAQ:NBBK) Stake Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in NB Bancorp, Inc. (NASDAQ:NBBK) by 18.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 95,753 shares of the company’s stock after selling 21,650 shares during the period. Victory Capital Management Inc.’s holdings in NB Bancorp were worth $1,777,000 as of its most recent SEC filing.

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

NB Bancorp Stock Performance

NASDAQ NBBK opened at $20.61 on Monday. NB Bancorp, Inc. has a 1-year low of $13.10 and a 1-year high of $20.98. The company has a 50 day moving average of $18.85 and a 200-day moving average of $17.33. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16.

Analysts Set New Price Targets

Separately, Piper Sandler raised their price objective 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 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.