Fmr LLC Purchases 229,118 Shares of NB Bancorp, Inc. (NASDAQ:NBBK)

Fmr LLC boosted its holdings in NB Bancorp, Inc. (NASDAQ:NBBK) by 17,265.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 230,445 shares of the company’s stock after acquiring an additional 229,118 shares during the quarter. Fmr LLC’s holdings in NB Bancorp were worth $4,277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in shares of NB Bancorp in the 2nd quarter valued at $26,000. Fairfield Financial Advisors LTD acquired a new stake in shares of NB Bancorp in the second quarter valued at about $30,000. Acadian Asset Management LLC bought a new stake in NB Bancorp during the second quarter worth about $95,000. International Assets Investment Management LLC acquired a new position in NB Bancorp during the second quarter valued at approximately $104,000. Finally, The Manufacturers Life Insurance Company bought a new position in NB Bancorp in the second quarter valued at approximately $211,000.

Wall Street Analysts Forecast Growth

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

NB Bancorp Trading Up 1.0 %

NB Bancorp stock 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 12 month low of $13.10 and a 12 month high of $21.05. The stock’s 50 day moving average is $19.40 and its 200-day moving average is $17.78.

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.