NB Bancorp Inc. (NBBK) stock: 12-month forecast projects -2.91% potential drop%

A share price of NB Bancorp Inc. [NBBK] is currently trading at $17.51, up 5.48%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NBBK shares have gain 14.15% over the last week, with a monthly amount glided 20.01%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

NB Bancorp Inc. [NASDAQ: NBBK] stock has seen the most recent analyst activity on April 09, 2024, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $17.

NB Bancorp Inc. experienced fluctuations in its stock price throughout the past year between $13.10 and $16.62. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. NB Bancorp Inc. [NASDAQ: NBBK] shares were valued at $17.51 at the most recent close of the market. An investor can expect a potential drop of -2.91% based on the average NBBK price forecast.

Analyzing the NBBK fundamentals

Trailing Twelve Months sales for NB Bancorp Inc. [NASDAQ:NBBK] were 256.23M which represents 39.07% growth.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.88 points at the first support level, and at 16.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.83, and for the 2nd resistance point, it is at 18.14.

Ratios To Look Out For

To put it in perspective, the Current Ratio for NB Bancorp Inc. [NASDAQ:NBBK] is 0.16. Considering the valuation of this stock, the price to sales ratio is 2.92, the price to book ratio is 1.02 and price to earnings (TTM) ratio is 71.09.

Transactions by insiders

Recent insider trading involved EVANGELISTA PAUL A, EVP, Dir Spec. Bank. Ctr., that happened on May 16 ’24 when 1000.0 shares were purchased. EVP and CFO, Lapointe Jean-Pierre completed a deal on May 08 ’24 to buy 3095.0 shares. Meanwhile, EVP and COO Rinaldi Salvatore J bought 6900.0 shares on Apr 29 ’24.

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