NB Bancorp price target raised to $20 from $17 at Piper Sandler

Piper Sandler raised the firm’s price target on NB Bancorp to $20 from $17 and keeps an Overweight rating on the shares following “squeaky clean” results. The firm says results evidenced solid loan and deposit growth as well as disciplined cost control and translated into a 78 bps ROAA and a 5.1% ROAE, which it views as solid given the company’s hefty capital position. Piper thinks investors will like what they see in the results and expects the stock to benefit tomorrow.