The Short-term Rise and Fall of NB Bancorp Inc. (NBBK) Stock

At the time of writing, NB Bancorp Inc. [NBBK] stock is trading at $19.16, up 3.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The NBBK shares have gain 5.68% over the last week, with a monthly amount glided 27.06%, 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.

For the past year, the stock price of NB Bancorp Inc. fluctuated between $13.10 and $18.70. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. NB Bancorp Inc. [NASDAQ: NBBK] shares were valued at $19.16 at the most recent close of the market. An investor can expect a potential drop of -11.27% based on the average NBBK price forecast.

Analyzing the NBBK fundamentals

According to NB Bancorp Inc. [NASDAQ:NBBK], the company’s sales were 275.32M for trailing twelve months, which represents an 34.71% jump.

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 18.71 points at the first support level, and at 18.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.40, and for the 2nd resistance point, it is at 19.65.

Ratios To Look Out For

It is important to note that NB Bancorp Inc. [NASDAQ:NBBK] has a current ratio of 17.33. Considering the valuation of this stock, the price to sales ratio is 2.97, the price to book ratio is 1.10 and price to earnings (TTM) ratio is 77.79.

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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