Stieven Capital Advisors L.P. Lowers Holdings in NB Bancorp, Inc. (NASDAQ:NBBK)

Stieven Capital Advisors L.P. trimmed its holdings in NB Bancorp, Inc. (NASDAQ:NBBK) by 31.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,542 shares of the company’s stock after selling 114,089 shares during the period. Stieven Capital Advisors L.P. owned about 0.58% of NB Bancorp worth $4,632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. purchased a new position in shares of NB Bancorp in the first quarter valued at about $27,058,000. EJF Capital LLC lifted its position in shares of NB Bancorp by 90.5% in the first quarter. EJF Capital LLC now owns 390,617 shares of the company’s stock worth $5,336,000 after buying an additional 185,617 shares in the last quarter. Prospector Partners LLC purchased a new stake in shares of NB Bancorp in the second quarter worth about $3,653,000. Raffles Associates LP lifted its position in shares of NB Bancorp by 101.5% in the second quarter. Raffles Associates LP now owns 223,019 shares of the company’s stock worth $3,363,000 after buying an additional 112,319 shares in the last quarter. Finally, Great Oak Capital Partners LLC lifted its position in shares of NB Bancorp by 2.6% in the third quarter. Great Oak Capital Partners LLC now owns 194,686 shares of the company’s stock worth $3,495,000 after buying an additional 5,000 shares in the last quarter.

NB Bancorp Price Performance

NASDAQ:NBBK opened at $19.98 on Friday. The company has a current ratio of 1.10, a quick 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 $20.98. The business’s 50-day moving average is $18.63 and its 200 day moving average is $17.13.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their target price on NB Bancorp from $21.00 to $22.00 and gave the stock an “overweight” rating in a research 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.