NB Bancorp, Inc. $NBBK Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its stake in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 52.1% during the 1st quarter, Holdings Channel reports. The fund owned 29,632 shares of the company’s stock after purchasing an additional 10,151 shares during the quarter. Invesco Ltd.’s holdings in NB Bancorp were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in NB Bancorp by 87.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,433 shares of the company’s stock worth $80,000 after acquiring an additional 2,073 shares during the period. GAMMA Investing LLC grew its holdings in NB Bancorp by 1,720.1% during the first quarter. GAMMA Investing LLC now owns 4,987 shares of the company’s stock worth $90,000 after acquiring an additional 4,713 shares during the period. ProShare Advisors LLC acquired a new stake in NB Bancorp during the fourth quarter worth about $198,000. D. E. Shaw & Co. Inc. acquired a new stake in NB Bancorp during the fourth quarter worth about $212,000. Finally, Northeast Investment Management acquired a new stake in NB Bancorp during the first quarter worth about $217,000.

Analyst Ratings Changes

Separately, Piper Sandler raised their target price on NB Bancorp from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $20.00.

NB Bancorp Stock Down 1.5%

Shares of NBBK opened at $18.85 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. NB Bancorp, Inc. has a 12 month low of $15.09 and a 12 month high of $21.05. The stock’s 50 day moving average is $18.34 and its two-hundred day moving average is $17.73. The firm has a market cap of $750.80 million, a P/E ratio of 14.17 and a beta of 0.46.

NB Bancorp (NASDAQ:NBBK) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. NB Bancorp had a return on equity of 7.37% and a net margin of 15.86%.The company had revenue of $51.19 million for the quarter. Analysts predict that NB Bancorp, Inc. will post 1.39 earnings per share for the current fiscal year.

NB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Wednesday, August 6th. NB Bancorp’s dividend payout ratio (DPR) is 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.