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

NB Bancorp, Inc. (NASDAQ:NBBK) declared a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Wednesday, November 5th will be given a dividend of 0.07 per share on Wednesday, November 19th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, November 5th.

NB Bancorp Stock Down 0.3%

NBBK stock opened at $18.07 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $719.66 million, a P/E ratio of 11.66 and a beta of 0.37. The business has a 50-day moving average of $18.18 and a 200-day moving average of $17.73. NB Bancorp has a fifty-two week low of $15.09 and a fifty-two week high of $21.05.

NB Bancorp (NASDAQ:NBBK) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. The company had revenue of $51.73 million during the quarter, compared to analysts’ expectations of $52.40 million. NB Bancorp had a return on equity of 7.76% and a net margin of 17.59%. On average, sell-side analysts anticipate that NB Bancorp will post 1.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on NBBK shares. Piper Sandler increased their price target on NB Bancorp from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Zacks Research raised NB Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings raised NB Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, NB Bancorp currently has a consensus rating of “Buy” and an average target price of $22.00.

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.