Barclays PLC Boosts Stock Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Barclays PLC grew its holdings in shares of NB Bancorp, Inc. (NASDAQ:NBBK) by 73.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,114 shares of the company’s stock after buying an additional 34,235 shares during the quarter. Barclays PLC’s holdings in NB Bancorp were worth $1,506,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NBBK. Hotchkis & Wiley Capital Management LLC acquired a new stake in NB Bancorp in the third quarter valued at $6,129,000. Wellington Management Group LLP raised its stake in shares of NB Bancorp by 24.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,493,601 shares of the company’s stock valued at $27,721,000 after purchasing an additional 290,818 shares in the last quarter. Prospector Partners LLC acquired a new stake in shares of NB Bancorp in the 2nd quarter valued at about $3,653,000. FMR LLC lifted its position in shares of NB Bancorp by 17,265.9% during the third quarter. FMR LLC now owns 230,445 shares of the company’s stock worth $4,277,000 after purchasing an additional 229,118 shares during the last quarter. Finally, State Street Corp grew its stake in NB Bancorp by 16.5% in the third quarter. State Street Corp now owns 994,380 shares of the company’s stock worth $18,456,000 after purchasing an additional 140,960 shares in the last quarter.

NB Bancorp Stock Performance

NBBK stock opened at $18.35 on Friday. NB Bancorp, Inc. has a 1-year low of $13.10 and a 1-year high of $21.05. The firm has a fifty day moving average price of $19.57 and a two-hundred day moving average price of $18.09. 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 Analysts Forecast Growth

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