NB Bancorp, Inc. (NASDAQ:NBBK) Short Interest Down 18.0% in December

NB Bancorp, Inc. (NASDAQ:NBBK) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 1,410,000 shares, a drop of 18.0% from the December 15th total of 1,720,000 shares. Currently, 3.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 164,900 shares, the short-interest ratio is currently 8.6 days.

NB Bancorp Trading Down 1.3 %

NB Bancorp stock opened at $17.60 on Friday. NB Bancorp has a 52 week low of $13.26 and a 52 week high of $21.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 1.10. The business’s fifty day moving average is $19.27 and its two-hundred day moving average is $18.37.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On NB Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV bought a new position in shares of NB Bancorp in the third quarter worth about $28,000. Quarry LP bought a new position in NB Bancorp in the 3rd quarter worth approximately $33,000. Acadian Asset Management LLC acquired a new position in NB Bancorp during the 2nd quarter worth $95,000. The Manufacturers Life Insurance Company bought a new position in NB Bancorp in the second quarter valued at about $211,000. Finally, Centiva Capital LP bought a new position in shares of NB Bancorp in the 3rd quarter valued at about $213,000.

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.