Janus Henderson Group PLC Boosts Stock Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Janus Henderson Group PLC increased its position in NB Bancorp, Inc. (NASDAQ:NBBK) by 120.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,182 shares of the company’s stock after acquiring an additional 14,284 shares during the period. Janus Henderson Group PLC owned about 0.06% of NB Bancorp worth $486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of NB Bancorp in the second quarter worth $267,000. Bank of New York Mellon Corp purchased a new position in NB Bancorp in the 2nd quarter worth about $1,820,000. Panagora Asset Management Inc. purchased a new stake in shares of NB Bancorp during the 2nd quarter valued at about $1,584,000. International Assets Investment Management LLC bought a new stake in shares of NB Bancorp in the second quarter worth approximately $104,000. Finally, nVerses Capital LLC purchased a new position in shares of NB Bancorp during the second quarter valued at approximately $26,000.

Analyst Ratings Changes

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

NB Bancorp Stock Performance

Shares of NBBK opened at $20.36 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. NB Bancorp, Inc. has a one year low of $13.10 and a one year high of $21.05. The business has a fifty day moving average of $19.40 and a 200 day moving average of $17.80.

NB Bancorp 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.