NB Bancorp (NASDAQ:NBBK) Announces Earnings Results

NB Bancorp (NASDAQ:NBBK) issued its earnings results on Wednesday. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02, Zacks reports. NB Bancorp had a net margin of 4.47% and a return on equity of 2.40%.

NB Bancorp Trading Down 0.4 %

Shares of NASDAQ NBBK traded down $0.07 during midday trading on Wednesday, hitting $17.67. The company’s stock had a trading volume of 147,948 shares, compared to its average volume of 221,819. NB Bancorp has a 1-year low of $13.26 and a 1-year high of $21.05. The firm’s fifty day moving average price is $19.05 and its 200-day moving average price is $18.46. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

Wall Street Analyst Weigh In

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

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.