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NB Bancorp, Inc. (NBBK)
NASDAQ:NBBK
US Market

NB Bancorp, Inc. (NBBK) AI Stock Analysis

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NB Bancorp, Inc.

(NASDAQ:NBBK)

Rating:77Outperform
Price Target:
$19.50
▲(6.91%Upside)
NB Bancorp's overall score reflects its strong financial performance and positive corporate events, which are significant drivers. Technical analysis provides mixed signals, and the valuation is fair, though the absence of a dividend yield is a minor drawback. The company's strategic initiatives, including the merger and stock repurchase, enhance its growth prospects and shareholder returns.

NB Bancorp, Inc. (NBBK) vs. SPDR S&P 500 ETF (SPY)

NB Bancorp, Inc. Business Overview & Revenue Model

Company DescriptionNB 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 MoneyNB Bancorp, Inc. generates revenue through various financial activities. The primary source of income is interest income, which is earned from lending activities, including personal, commercial, and mortgage loans. Additionally, the company earns non-interest income through fees and service charges associated with its banking services, such as account maintenance fees, transaction fees, and advisory services in wealth management. The company may also engage in investment activities and securities trading, providing another revenue stream. Strategic partnerships with other financial institutions and technology providers may enhance its service delivery, thereby contributing to its financial performance.

NB Bancorp, Inc. Financial Statement Overview

Summary
NB Bancorp, Inc. presents a mixed financial picture. While profitability and equity positions are strong, with improved net income and a robust balance sheet, the decline in revenue and significant investment outflows raise concerns. The company must focus on stabilizing revenue streams and ensuring that investment activities generate adequate returns to sustain its strong financial position.
Income Statement
45
Neutral
NB Bancorp, Inc. exhibits significant fluctuations in revenue, with a concerning decline in total revenue in the latest period. Despite this, net income has improved, suggesting cost management or one-time gains. The gross profit and net profit margins have been negatively impacted by the revenue drop, indicating potential issues in core operations. EBIT and EBITDA margins are strong in the latest period, reflecting operational efficiency or one-time financial restructuring benefits.
Balance Sheet
75
Positive
NB Bancorp maintains a solid balance sheet with no debt, resulting in a favorable debt-to-equity ratio. The equity ratio is strong, indicating a stable financial position. There has been notable growth in stockholders' equity, suggesting robust asset management and retention of earnings, which is positive for long-term stability.
Cash Flow
60
Neutral
The cash flow statement shows a stable operating cash flow, which is crucial for a banking institution. However, the significant negative investing cash flow suggests large investments or asset purchases, which may impact liquidity. Free cash flow remains positive, indicating sound cash management, although the growth rate has declined, highlighting potential concerns in investment returns or operational adjustments.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue172.73M145.63M113.17M86.17M
Gross Profit172.73M145.63M113.17M86.17M
EBITDA0.000.0038.86M29.73M
Net Income42.15M9.82M30.07M21.57M
Balance Sheet
Total Assets5.16B4.53B3.59B2.92B
Cash, Cash Equivalents and Short-Term Investments439.37M279.95M376.55M716.93M
Total Debt120.83M283.34M293.08M256.00K
Total Liabilities4.39B3.78B293.08M256.00K
Stockholders Equity765.17M757.96M344.06M326.13M
Cash Flow
Free Cash Flow41.25M50.09M31.22M42.04M
Operating Cash Flow43.19M52.96M39.71M43.84M
Investing Cash Flow-546.44M-831.62M-667.99M-41.94M
Financing Cash Flow594.52M894.71M317.77M242.43M

NB Bancorp, Inc. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price18.24
Price Trends
50DMA
17.03
Positive
100DMA
17.62
Positive
200DMA
18.24
Negative
Market Momentum
MACD
0.22
Negative
RSI
71.32
Negative
STOCH
95.49
Negative
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 18.24 is above the 20-day moving average (MA) of 16.78, above the 50-day MA of 17.03, and below the 200-day MA of 18.24, indicating a neutral trend. The MACD of 0.22 indicates Negative momentum. The RSI at 71.32 is Negative, neither overbought nor oversold. The STOCH value of 95.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NBBK.

NB Bancorp, Inc. Risk Analysis

NB Bancorp, Inc. disclosed 46 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

Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
$680.80M15.496.26%22.18%277.02%
75
Outperform
$698.97M10.8911.13%2.72%7.98%10.16%
75
Outperform
$769.80M11.948.82%4.24%5.20%-11.06%
73
Outperform
$736.35M10.6611.84%1.47%40.27%545.49%
71
Outperform
$696.22M10.6915.04%3.10%5.59%7.03%
CACAC
71
Outperform
$707.86M13.328.24%4.14%18.13%4.86%
56
Neutral
$5.67B25.49-31.28%5.61%10.88%-29.73%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
NBBK
NB Bancorp, Inc.
18.63
3.53
23.38%
CAC
Camden National
42.59
11.33
36.24%
GSBC
Great Southern Bancorp
61.87
9.55
18.25%
HAFC
Hanmi Financial
26.04
10.55
68.11%
EQBK
Equity Bancshares
42.63
8.37
24.43%
IBCP
Independent Bank
33.75
8.48
33.56%

NB Bancorp, Inc. Corporate Events

Executive/Board ChangesM&A Transactions
NB Bancorp Enters Merger Agreement with Provident
Positive
Jun 5, 2025

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.

Stock BuybackBusiness Operations and Strategy
NB Bancorp Announces New Stock Repurchase Plan
Positive
May 7, 2025

On May 7, 2025, NB Bancorp, Inc. announced a new stock repurchase plan, authorizing the buyback of up to 2,028,522 shares, approximately 5% of its outstanding common stock. This initiative, the second since the company’s mutual-to-stock conversion in December 2023, is part of their strategy to provide returns to shareholders and reflects the company’s strong earnings performance and commitment to growing market share.

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.Date of analysis: Jun 25, 2025