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

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

NB Bancorp Trading Down 1.3 %

NASDAQ NBBK opened at $17.60 on Friday. NB Bancorp has a twelve month low of $13.26 and a twelve month 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 company’s 50-day simple moving average is $19.27 and its 200 day simple moving average is $18.37.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On NB Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV acquired a new position in shares of NB Bancorp in the 3rd quarter worth approximately $28,000. Quarry LP bought a new stake in NB Bancorp in the third quarter valued at $33,000. Charles Schwab Investment Management Inc. raised its stake in NB Bancorp by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 315,298 shares of the company’s stock worth $5,852,000 after acquiring an additional 3,611 shares in the last quarter. Great Oak Capital Partners LLC lifted its holdings in shares of NB Bancorp by 2.6% during the third quarter. Great Oak Capital Partners LLC now owns 194,686 shares of the company’s stock valued at $3,495,000 after acquiring an additional 5,000 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of NB Bancorp in the 2nd quarter valued at $95,000.

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.