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

NB Bancorp (NASDAQ:NBBK) issued its earnings results on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, beating 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 Trading Down 0.4 %

Shares of NB Bancorp stock opened at $17.67 on Thursday. The company has a fifty day simple moving average of $18.99 and a 200-day simple moving average of $18.46. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.10. NB Bancorp has a 12-month low of $13.26 and a 12-month high of $21.05.

Analysts Set New Price Targets

Separately, Piper Sandler upped their target price on shares of NB Bancorp from $21.00 to $22.00 and gave the company an “overweight” rating in a report 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.