In the past week, NBBK stock has gone up by 7.40%, with a monthly gain of 6.37% and a quarterly plunge of -1.93%. The volatility ratio for the week is 2.12%, and the volatility levels for the last 30 days are 1.70% for NB Bancorp Inc. The simple moving average for the last 20 days is 6.21% for NBBK stock, with a simple moving average of 4.09% for the last 200 days.
Is It Worth Investing in NB Bancorp Inc. (NASDAQ: NBBK) Right Now?
NB Bancorp Inc. (NASDAQ: NBBK) has a price-to-earnings ratio of 62.78x that is above its average ratio. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NBBK is 42.29M and currently, short sellers hold a 1.82% ratio of that float. The average trading volume of NBBK on April 25, 2024 was 330.70K shares.
NBBK) stock’s latest price update
The stock of NB Bancorp Inc. (NASDAQ: NBBK) has increased by 1.80 when compared to last closing price of 14.19. Despite this, the company has experienced a 7.40% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-01-13 that Our strategy is to invest in banks trading below TBV with overcapitalized balance sheets, solid asset quality, and shareholder-friendly management teams. We highlight a few potential ideas, including NBBK, TCBS, and FSEA. NB Bancorp, trading at 77% of tangible book value, is expected to repurchase shares and potentially issue dividends, leading to a total return of 20-30% over the next 24 months.
Analysts’ Opinion of NBBK
Many brokerage firms have already submitted their reports for NBBK stocks, with Piper Sandler repeating the rating for NBBK by listing it as a “Overweight.” The predicted price for NBBK in the upcoming period, according to Piper Sandler is $17 based on the research report published on April 09, 2024 of the current year 2024.
NBBK Trading at 4.93% from the 50-Day Moving Average
After a stumble in the market that brought NBBK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.73% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares surge +5.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.79% upper at present.
During the last 5 trading sessions, NBBK rose by +7.88%, in comparison to the 20-day moving average, which settled at $13.64. In addition, NB Bancorp Inc. saw 7.40% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NBBK starting from NOLAN JOSEPH R JR, who purchase 10,000 shares at the price of $13.50 back on Mar 19 ’24. After this action, NOLAN JOSEPH R JR now owns 10,100 shares of NB Bancorp Inc., valued at $135,000 using the latest closing price.
Lapointe Jean-Pierre, the EVP and CFO of NB Bancorp Inc., purchase 200 shares at $13.80 during a trade that took place back on Mar 11 ’24, which means that Lapointe Jean-Pierre is holding 300 shares at $2,760 based on the most recent closing price.
Stock Fundamentals for NBBK
Equity return is now at value 1.80, with 0.23 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 18.26.
Conclusion
In conclusion, NB Bancorp Inc. (NBBK) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
