NB Bancorp price target raised to $23 from $22 at Piper Sandler

Piper Sandler raised the firm’s price target on NB Bancorp (NBBK) to $23 from $22 and keeps an Overweight rating on the shares. The firm notes that earlier this week, NB Bancorp completed the acquisition of Provident Bancorp creating a $7B-plus institution in Eastern Massachusetts and Southern New Hampshire. Following the completion of the deal, Piper is updating its estimates.