NB Bancorp, Inc. (NBBK) To Go Ex-Dividend on August 5th

NB Bancorp, Inc. (NASDAQ:NBBK) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Wednesday, August 5th will be paid a dividend of 0.07 per share on Wednesday, August 19th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 5th.

NB Bancorp Stock Performance

Shares of NASDAQ:NBBK opened at $23.01 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.07 and a quick ratio of 1.06. The business’s 50 day moving average price is $20.89 and its 200-day moving average price is $20.98. The firm has a market capitalization of $1.03 billion and a price-to-earnings ratio of 15.24. NB Bancorp has a 1 year low of $16.76 and a 1 year high of $23.27.

NB Bancorp (NASDAQ:NBBK) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.07. NB Bancorp had a net margin of 14.27% and a return on equity of 9.21%. The business had revenue of $74.70 million for the quarter, compared to the consensus estimate of $72.74 million. On average, equities research analysts forecast that NB Bancorp will post 2.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NBBK shares. Zacks Research raised shares of NB Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Piper Sandler increased their price objective on NB Bancorp from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Wall Street Zen raised shares of NB Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday. Keefe, Bruyette & Woods raised their price target on NB Bancorp from $24.00 to $25.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings raised NB Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $25.50.

NB Bancorp Company Profile

NB Bancorp, Inc (NASDAQ: NBBK) is the bank holding company for NB Bank, N.A., a full-service community bank headquartered in Newburyport, Massachusetts. Through a network of branches across Northeast Massachusetts and southern New Hampshire, the company offers deposit and lending services tailored to individuals and small- to medium-sized businesses.

The company’s core product lineup includes checking and savings accounts, money market deposits and certificates of deposit, along with residential mortgage loans, home equity lines of credit and commercial lending solutions.