NB Bancorp, Inc. (NASDAQ:NBBK) to Issue Quarterly Dividend of $0.07

NB Bancorp, Inc. (NASDAQ:NBBK) announced a quarterly dividend on Thursday, October 15th. Stockholders of record on Thursday, October 29th will be given a dividend of $0.07 per share on Thursday, November 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, October 29th.

NB Bancorp Trading Up 1.1%

NASDAQ NBBK opened at $22.37 on Friday. The firm has a market cap of $980.25 million and a PE ratio of 14.81. NB Bancorp has a 1-year low of $16.92 and a 1-year high of $23.47. The stock has a 50-day moving average of $22.55 and a 200-day moving average of $21.52. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.

NB Bancorp (NASDAQ:NBBK) last posted its quarterly earnings results on Thursday, October 15th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The business had revenue of $76.55 million for the quarter, compared to analyst estimates of $77.30 million. NB Bancorp had a return on equity of 9.13% and a net margin of 14.27%. As a group, sell-side analysts forecast that NB Bancorp will post 2.13 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on NBBK shares. Weiss Ratings upgraded NB Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Piper Sandler raised their target price on shares of NB Bancorp from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Zacks Research downgraded shares of NB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Wall Street Zen lowered shares of NB Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of NB Bancorp from $24.00 to $25.00 and gave the company a “market perform” rating in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

NB Bancorp Company Profile

NB Bancorp, Inc is the bank holding company for Needham Bank, a community-oriented financial institution headquartered in Needham, Massachusetts. Through Needham Bank, the company provides banking and financial services to individuals, families, businesses, nonprofit organizations and municipalities.

Needham Bank offers deposit products, residential and commercial real estate lending, commercial and industrial loans, construction financing, consumer loans, cash-management services and other treasury-management solutions.