UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of NB Bancorp, Inc. (NASDAQ:NBBK – Free Report) during the third quarter, HoldingsChannel reports. The fund purchased 51,290 shares of the company’s stock, valued at approximately $952,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NB Bancorp during the 3rd quarter worth $235,000. MetLife Investment Management LLC increased its holdings in shares of NB Bancorp by 129.1% in the third quarter. MetLife Investment Management LLC now owns 22,958 shares of the company’s stock worth $426,000 after acquiring an additional 12,936 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of NB Bancorp by 78.1% during the third quarter. BNP Paribas Financial Markets now owns 76,319 shares of the company’s stock worth $1,416,000 after purchasing an additional 33,477 shares during the period. FMR LLC lifted its holdings in shares of NB Bancorp by 17,265.9% during the 3rd quarter. FMR LLC now owns 230,445 shares of the company’s stock valued at $4,277,000 after purchasing an additional 229,118 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of NB Bancorp by 1.2% during the 3rd 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 in the last quarter.
Analyst Upgrades and Downgrades
Separately, Piper Sandler raised their target price on shares of NB Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st.
NB Bancorp Stock Down 5.1 %
NBBK opened at $19.06 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. NB Bancorp, Inc. has a 12 month low of $13.10 and a 12 month high of $21.05. The firm’s fifty day simple moving average is $19.54 and its 200 day simple moving average is $17.91.
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.
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