NB Bancorp, Inc. (NBBK)
NASDAQ:NBBK
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NB Bancorp, Inc.
(NASDAQ:NBBK)
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Rating:70Outperform
Price Target:
$22.00
â–¼(-2.22% Downside)
Action:Upgraded
Date:05/22/26
The score is driven mainly by solid and improving financial performance (growth, profitability, conservative leverage, and strong TTM free cash flow), supported by positive corporate actions (notably buybacks). Offsetting these strengths, technical indicators point to weaker near-term momentum, while valuation is reasonable but not deeply compelling and the dividend yield is modest.
Positive Factors
Strong Cash Generation
Consistent and growing operating and free cash flow provide durable internal funding for loan growth, technology integration, buybacks and dividends. FCF close to net income signals earnings quality, lowers dependence on external financing, and supports multi-quarter strategic investments.
Negative Factors
Profitability Volatility
Historical swings in margins and net income indicate sensitivity to the rate and credit cycle and episodic one-off charges. That variability complicates medium-term earnings predictability and may require higher capital cushions or conservative provisioning that constrain returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Consistent and growing operating and free cash flow provide durable internal funding for loan growth, technology integration, buybacks and dividends. FCF close to net income signals earnings quality, lowers dependence on external financing, and supports multi-quarter strategic investments.
Read all positive factors
NB Bancorp, Inc. (NBBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$823.47M
Dividend Yield0.67%
Average Volume (3M)354.47K
Price to Earnings (P/E)14.4
Beta (1Y)0.98
Revenue Growth21.77%
EPS Growth17.22%
CountryUS
Employees376
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.38
Shares Outstanding44,706,160
10 Day Avg. Volume231,939
30 Day Avg. Volume354,468
Financial Highlights & Ratios
PEG Ratio0.64
Price to Book (P/B)0.94
Price to Sales (P/S)2.55
P/FCF Ratio14.12
Enterprise Value/Market Cap0.83
Enterprise Value/Revenue1.98
Enterprise Value/Gross Profit3.59
Enterprise Value/Ebitda8.75
Forecast
1Y Price Target
$23.00Price Target Upside2.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.19
Revenue Forecast (FY)$294.71M
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 Ne...
How the Company Makes Money
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NB Bancorp, Inc. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 345.63M | 317.21M | 304.05M | 237.52M | 128.88M | 98.80M |
| Gross Profit | 190.03M | 174.27M | 160.61M | 133.19M | 106.64M | 84.12M |
| EBITDA | 78.01M | 71.71M | 61.58M | 14.67M | 38.86M | 29.73M |
| Net Income | 52.63M | 50.30M | 42.15M | 9.82M | 30.07M | 21.57M |
Balance Sheet | ||||||
| Total Assets | 7.23B | 7.01B | 5.16B | 4.53B | 3.59B | 2.92B |
| Cash, Cash Equivalents and Short-Term Investments | 604.98M | 594.67M | 305.09M | 279.95M | 376.55M | 716.93M |
| Total Debt | 189.70M | 196.24M | 120.83M | 283.34M | 293.08M | 256.00K |
| Total Liabilities | 6.38B | 6.15B | 4.39B | 3.78B | 3.25B | 2.60B |
| Stockholders Equity | 842.78M | 858.93M | 765.17M | 757.96M | 344.06M | 326.13M |
Cash Flow | ||||||
| Free Cash Flow | 72.84M | 57.38M | 41.25M | 50.03M | 31.22M | 42.04M |
| Operating Cash Flow | 78.17M | 60.79M | 43.19M | 52.90M | 39.71M | 43.84M |
| Investing Cash Flow | -645.70M | -519.05M | -546.44M | -831.62M | -667.99M | -41.94M |
| Financing Cash Flow | 629.43M | 502.00M | 594.52M | 894.77M | 317.77M | 242.43M |
NB Bancorp, Inc. Technical Analysis
Neutral
22.50
Price Trends
20.66
Negative
20.82
Negative
19.71
Positive
Market Momentum
-0.31
Negative
44.13
Neutral
62.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NBBK, the sentiment is Neutral. The current price of 22.5 is above the 20-day moving average (MA) of 19.83, above the 50-day MA of 20.66, and above the 200-day MA of 19.71, indicating a neutral trend. The MACD of -0.31 indicates Negative momentum. The RSI at 44.13 is Neutral, neither overbought nor oversold. The STOCH value of 62.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NBBK.
NB Bancorp, Inc. Risk Analysis
NB Bancorp, Inc. disclosed 49 risk factors in its most recent earnings report. NB Bancorp, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NB Bancorp, Inc. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $799.57M | 16.33 | 9.63% | 9.26% | 1.95% | -3.87% | |
76 Outperform | $834.23M | 9.20 | 11.66% | 3.66% | 19.34% | 49.11% | |
76 Outperform | $698.55M | 10.15 | 14.15% | 3.09% | -0.77% | 6.41% | |
75 Outperform | $719.31M | 7.97 | 14.62% | 2.93% | 10.73% | 121.24% | |
74 Outperform | $815.55M | 9.48 | 12.81% | 3.19% | 9.58% | 46.74% | |
70 Outperform | $823.47M | 14.40 | 6.63% | 0.67% | 21.77% | 17.22% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
NBBK
NB Bancorp, Inc.
19.78
3.24
19.62%
CAC
Camden National
49.32
11.48
30.34%
FCBC
First Community Bancshares
42.38
6.99
19.76%
THFF
First Financial Indiana
68.58
19.73
40.39%
ORRF
Orrstown Financial Services
36.61
7.93
27.66%
IBCP
Independent Bank
33.90
3.49
11.48%
NB Bancorp, Inc. Corporate Events
Business Operations and StrategyFinancial Disclosures
NB Bancorp Highlights Post-IPO Growth in Investor Presentation
Positive
May 21, 2026
On May 21, 2026, NB Bancorp, Inc., the parent of Needham Bank, released an investor slide presentation ahead of an in‑person meeting scheduled for June 2, 2026, detailing its post‑IPO expansion and financial performance. The materials ...
Business Operations and StrategyStock Buyback
NB Bancorp Completes Latest Share Repurchase Program
Positive
May 13, 2026
On May 13, 2026, NB Bancorp, Inc. announced it had completed its latest stock repurchase program, buying back 2,207,236 shares, or about 5% of its then outstanding common stock, at an average price of $20.96 per share including commissions and exc...
Executive/Board ChangesShareholder Meetings
NB Bancorp Shareholders Reelect Directors and Ratify Auditor
Positive
Apr 29, 2026
At its Annual Meeting of Stockholders held on April 29, 2026, NB Bancorp, Inc. shareholders elected five directors—Paul Ayoub, Joseph Campanelli, William Darcey, Joseph Reilly and Mark Whalen—to three-year terms, with varying levels of...
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsFinancial Disclosures
NB Bancorp Adopts Executive Incentive Plan, Declares Dividend
Positive
Apr 22, 2026
On April 22, 2026, NB Bancorp’s board adopted an Executive Annual Incentive Plan, effective January 1, 2026, giving senior management the opportunity to earn cash bonuses tied to annual performance goals, with awards adjustable at the compen...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.