NB Bancorp (NASDAQ:NBBK) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

NB Bancorp (NASDAQ:NBBK) released its earnings results on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02, Zacks reports. NB Bancorp had a net margin of 4.47% and a return on equity of 2.40%.

NB Bancorp Stock Down 0.4 %

NBBK stock traded down $0.07 during midday trading on Wednesday, hitting $17.67. The company’s stock had a trading volume of 147,948 shares, compared to its average volume of 221,519. NB Bancorp has a 12 month low of $13.26 and a 12 month high of $21.05. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $19.05 and a two-hundred day moving average of $18.46.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their price target 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.