NB Bancorp, Inc. (NASDAQ:NBBK) Announces $0.07 Quarterly Dividend

NB Bancorp, Inc. (NASDAQ:NBBK) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Wednesday, August 5th will be paid a dividend of 0.07 per share on Wednesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, August 5th.

NB Bancorp Stock Up 0.2%

Shares of NASDAQ NBBK opened at $21.09 on Thursday. NB Bancorp has a 12 month low of $16.76 and a 12 month high of $22.86. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $942.93 million, a price-to-earnings ratio of 15.39 and a beta of 0.03. The business has a 50-day moving average of $20.47 and a 200-day moving average of $20.84.

NB Bancorp (NASDAQ:NBBK) last announced its earnings results on Wednesday, July 22nd. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $74.70 million for the quarter, compared to the consensus estimate of $72.74 million. NB Bancorp had a net margin of 13.81% and a return on equity of 8.57%. Sell-side analysts expect that NB Bancorp will post 2.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Piper Sandler cut their price target on shares of NB Bancorp from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, April 24th. Weiss Ratings upgraded shares of NB Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, July 14th. Finally, Zacks Research raised shares of NB Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, NB Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

NB Bancorp Company Profile

NB Bancorp, Inc (NASDAQ: NBBK) is the bank holding company for NB Bank, N.A., a full-service community bank headquartered in Newburyport, Massachusetts. Through a network of branches across Northeast Massachusetts and southern New Hampshire, the company offers deposit and lending services tailored to individuals and small- to medium-sized businesses.

The company’s core product lineup includes checking and savings accounts, money market deposits and certificates of deposit, along with residential mortgage loans, home equity lines of credit and commercial lending solutions.