NB Bancorp, Inc. (NBBK) AI Stock Analysis

• Market Cap: $701.41M
• Dividend Yield: 0.37%
• Average Volume (3M): 187.16K
• Price to Earnings (P/E): 14.4
• Beta (1Y): 1.04
• Revenue Growth: 17.31%
• EPS Growth: 251.27%
• Country: US
• Employees: 376
• Sector: General
• Sector Strength: N/A
• Industry: Banks - Regional
• EPS (TTM): 0.40
• Shares Outstanding: 39,826,447
• 10 Day Avg. Volume: 176,177
• 30 Day Avg. Volume: 187,158
• PEG Ratio: 0.05
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 2.34
• P/FCF Ratio: 17.25
• Enterprise Value/Market Cap: 0.91
• Enterprise Value/Revenue: 2.05
• Enterprise Value/Gross Profit: 3.79
• Enterprise Value/Ebitda: 9.57
• 1Y Price Target: $20.50
• Price Target Upside: 8.75% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 78 Outperform
• Price Target: $20.50 ▲(8.75% Upside)

NB Bancorp's strong financial performance and positive corporate events are the primary drivers of its high score. The company's strategic initiatives, such as the merger and stock repurchase, enhance its market position and shareholder value. While technical indicators suggest some caution in the short term, the overall outlook remains positive due to solid fundamentals and valuation.

NB Bancorp, Inc. Business Overview & Revenue Model

Company Description

NB Bancorp, Inc. focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in Greater Boston metropolitan area and surrounding communities in Massachusetts, eastern Connecticut, southern New Hampshire, and Rhode Island. The company offers various deposits, including certificate of deposit, individual retirement, money market, savings, NOW, demand deposit, and interest-bearing and noninterest-bearing checking accounts; and commercial real estate and multifamily, one- to four-family residential real estate, construction and land development, commercial and industrial, and consumer loans, as well as home equity loans and lines of credit. It also invests in securities consisting of U.S. treasury and federal agency securities, government-sponsored residential mortgage-backed securities, municipal bonds, and corporate bonds. The company was founded in 1892 and is based in Needham, Massachusetts.

How the Company Makes Money

NB Bancorp, Inc. generates revenue through various streams, primarily from interest income on loans and advances provided to customers, as well as interest earned on securities. The company also earns non-interest income from fees and commissions related to its wealth management services, account maintenance, and transaction processing. Additionally, NBBK benefits from strategic partnerships with financial technology firms, which enhance its service offerings and provide cost-effective solutions. The bank's profitability is further supported by effective risk management practices and a focus on maintaining a strong balance sheet.

NB Bancorp, Inc. Financial Statement Overview

Summary

NB Bancorp, Inc. exhibits strong financial health with consistent revenue and profit growth, efficient operations, and solid cash flow management. The low leverage and strong equity base provide stability, though the relatively low equity ratio may present some risk.

Income Statement

NB Bancorp, Inc. shows strong revenue growth with a TTM revenue of $313.05M, up from $304.05M in the previous year. The gross profit margin is robust at 54.03%, and the net profit margin is healthy at 14.73%. The EBIT margin is 20.45%, indicating efficient operations. Overall, the company demonstrates solid profitability and growth.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.12, suggesting low leverage. The return on equity is strong at 6.23%, and the equity ratio is 14.11%, indicating a solid equity base. However, the relatively low equity ratio suggests potential risks in asset financing.

Cash Flow

The cash flow statement shows a significant free cash flow of $62.94M in TTM, with a strong operating cash flow to net income ratio of 1.40. The free cash flow to net income ratio is also robust at 1.37, indicating efficient cash generation relative to profits. The company demonstrates excellent cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	313.05M	304.05M	237.52M	128.88M	98.80M
Gross Profit	169.13M	160.61M	133.19M	106.64M	84.12M
EBITDA	67.01M	61.58M	14.67M	38.86M	29.73M
Net Income	46.10M	42.15M	9.82M	30.07M	21.57M
Balance Sheet
Total Assets	5.24B	5.16B	4.53B	3.59B	2.92B
Cash, Cash Equivalents and Short-Term Investments	256.94M	305.09M	279.95M	376.55M	716.93M
Total Debt	90.83M	120.83M	283.34M	293.08M	256.00K
Total Liabilities	4.50B	4.39B	3.78B	3.25B	2.60B
Stockholders Equity	739.61M	765.17M	757.96M	344.06M	326.13M
Cash Flow
Free Cash Flow	62.94M	41.25M	50.09M	31.22M	42.04M
Operating Cash Flow	64.72M	43.19M	52.96M	39.71M	43.84M
Investing Cash Flow	-610.35M	-546.44M	-831.62M	-667.99M	-41.94M
Financing Cash Flow	544.05M	594.52M	894.71M	317.77M	242.43M

NB Bancorp, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NBBK, the sentiment is Positive. The current price of 18.85 is above the 20-day moving average (MA) of 18.47, above the 50-day MA of 18.25, and above the 200-day MA of 18.10, indicating a bullish trend. The MACD of 0.30 indicates Negative momentum. The RSI at 57.92 is Neutral, neither overbought nor oversold. The STOCH value of 72.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NBBK.

NB Bancorp, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EQBK	81 Outperform	$815.42M	10.49	12.24%	1.42%	31.22%	533.61%
GSBC	81 Outperform	$728.19M	10.96	11.48%	2.52%	4.55%	16.84%
NBBK	78 Outperform	$701.41M	14.43	6.92%	0.37%	17.31%	251.27%
CAC	75 Outperform	$694.07M	13.00	8.47%	4.16%	22.21%	6.20%
HAFC	72 Outperform	$762.19M	11.53	8.82%	4.25%	3.34%	-1.93%
IBCP	72 Outperform	$685.07M	10.66	14.39%	3.08%	3.17%	-1.53%
Sector *	55 Neutral	$6.29B	4.66	-20.95%	6.01%	10.84%	8.15%

NB Bancorp, Inc. Corporate Events

NB Bancorp Reports Strong Q2 2025 Financial Results

On July 29, 2025, NB Bancorp, Inc., the parent company of Needham Bank, presented a slide presentation at an in-person investors meeting, highlighting its operations and financial performance. The company reported a GAAP net income of $14.6 million for the second quarter of 2025, with a notable increase in gross loans and net interest margin, reflecting its strong market positioning and prudent risk management strategies.

The most recent analyst rating on (NBBK) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on NB Bancorp, Inc. stock, see the NBBK Stock Forecast page.

NB Bancorp Announces Quarterly Dividend Amid Strong Q2

On July 23, 2025, NB Bancorp, Inc. announced a quarterly cash dividend of $0.07 per share, payable on August 20, 2025. The company reported strong financial results for the second quarter of 2025, with net income rising to $14.6 million and operating net income reaching $15.0 million. The quarter was marked by record earnings, a share repurchase program, and the announcement of a pending acquisition of Provident Bancorp, Inc. The company experienced growth in loans, an expansion in net interest margin, and a decrease in deposits. The financial results reflect NB Bancorp’s strategic focus on growth and enhancing shareholder value.

The most recent analyst rating on (NBBK) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on NB Bancorp, Inc. stock, see the NBBK Stock Forecast page.

NB Bancorp Completes Stock Repurchase Program

On July 16, 2025, NB Bancorp, Inc. announced the completion of its stock repurchase program, having bought back 2,028,522 shares, representing approximately 5% of its outstanding common stock, at an average price of $17.96 per share. Since the initiation of its first stock repurchase program on January 22, 2025, the company has repurchased a total of 4,163,809 shares, or 9.8% of its common shares, at a weighted average price of $18.52, which reflects a strategic move to enhance shareholder value.

The most recent analyst rating on (NBBK) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on NB Bancorp, Inc. stock, see the NBBK Stock Forecast page.

NB Bancorp Enters Merger Agreement with Provident

On June 5, 2025, NB Bancorp, Inc. announced its entry into a Merger Agreement with Provident Bancorp, Inc., which will result in Provident’s Director, President, and CEO, Joseph B. Reilly, joining the Boards of Directors of NB Bancorp and Needham Bank. Reilly will also provide consulting services to Needham for 18 months post-merger. This merger signifies a strategic move for NB Bancorp, potentially enhancing its market position and operational capabilities, while Reilly’s involvement is expected to bring valuable leadership and insights to the company.

The most recent analyst rating on (NBBK) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on NB Bancorp, Inc. stock, see the NBBK Stock Forecast page.