Barclays PLC Has $1.51 Million Stock Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Barclays PLC increased its stake in NB Bancorp, Inc. (NASDAQ:NBBK) by 73.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,114 shares of the company’s stock after acquiring an additional 34,235 shares during the quarter. Barclays PLC’s holdings in NB Bancorp were worth $1,506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of NB Bancorp by 24.2% in the third quarter. Wellington Management Group LLP now owns 1,493,601 shares of the company’s stock worth $27,721,000 after acquiring an additional 290,818 shares during the period. State Street Corp lifted its stake in shares of 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 acquiring an additional 140,960 shares during the period. Geode Capital Management LLC lifted its stake in shares of NB Bancorp by 1.9% in the third quarter. Geode Capital Management LLC now owns 885,243 shares of the company’s stock worth $16,433,000 after acquiring an additional 16,270 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of NB Bancorp in the third quarter worth approximately $6,129,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of NB Bancorp by 1.2% in 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 during the period.

NB Bancorp Price Performance

Shares of NBBK opened at $16.69 on Monday. NB Bancorp, Inc. 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 50 day moving average price is $19.40 and its two-hundred day moving average price is $18.34.

Wall Street Analyst Weigh In

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

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.