NB Bancorp, Inc. (NBBK)
NASDAQ:NBBK
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NB Bancorp, Inc.
(NASDAQ:NBBK)
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Rating:66Neutral
Price Target:
$23.50
â–²(4.91% Upside)
Action:DowngradedDate:03/03/26
The score is driven primarily by improving profitability and a more moderate leverage profile, but held back by slowing revenue growth and weakening free cash flow/cash-conversion quality. Technicals are neutral-to-slightly positive, valuation appears mid-range, and recent corporate actions (acquisition integration and a new buyback authorization) add a modest positive catalyst.
Positive Factors
Acquisition-driven scale
The Provident acquisition materially enlarged the franchise and deposit base, giving durable scale in southern New Hampshire. Higher core deposits and loan balances improve funding stability, expand cross-sell opportunities, and strengthen regional market position for sustained growth.
Negative Factors
Revenue slowdown
A year-over-year revenue decline interrupts the prior growth trend and suggests a pause in core top-line momentum. For a regional bank, sustained or recurrent revenue weakness can constrain loan origination, fee income expansion, and the scalability of operating leverage over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Acquisition-driven scale
The Provident acquisition materially enlarged the franchise and deposit base, giving durable scale in southern New Hampshire. Higher core deposits and loan balances improve funding stability, expand cross-sell opportunities, and strengthen regional market position for sustained growth.
Read all positive factors
NB Bancorp, Inc. (NBBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$952.67M
Dividend Yield0.67%
Average Volume (3M)282.72K
Price to Earnings (P/E)26.3
Beta (1Y)1.02
Revenue Growth14.04%
EPS Growth337.54%
CountryUS
Employees376
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.51
Shares Outstanding45,604,774
10 Day Avg. Volume182,406
30 Day Avg. Volume282,722
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 Cap0.74
Enterprise Value/Revenue2.23
Enterprise Value/Gross Profit4.07
Enterprise Value/Ebitda9.33
Forecast
1Y Price Target
$25.00Price Target Upside11.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.29
Revenue Forecast (FY)$294.17M
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
NB Bancorp, Inc. generates revenue primarily through interest income from loans and investments, as well as non-interest income from fees associated with banking services. The company's key revenue streams include interest earned on various types ...
NB Bancorp, Inc. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 317.21M | 304.05M | 237.52M | 128.88M | 98.80M |
| Gross Profit | 174.27M | 160.61M | 133.19M | 106.64M | 84.12M |
| EBITDA | 71.71M | 61.58M | 14.67M | 38.86M | 29.73M |
| Net Income | 50.30M | 42.15M | 9.82M | 30.07M | 21.57M |
Balance Sheet | |||||
| Total Assets | 7.01B | 5.16B | 4.53B | 3.59B | 2.92B |
| Cash, Cash Equivalents and Short-Term Investments | 594.67M | 305.09M | 279.95M | 376.55M | 716.93M |
| Total Debt | 196.24M | 120.83M | 283.34M | 293.08M | 256.00K |
| Total Liabilities | 6.15B | 4.39B | 3.78B | 3.25B | 2.60B |
| Stockholders Equity | 858.93M | 765.17M | 757.96M | 344.06M | 326.13M |
Cash Flow | |||||
| Free Cash Flow | 57.38M | 41.25M | 50.03M | 31.22M | 42.04M |
| Operating Cash Flow | 60.79M | 43.19M | 52.90M | 39.71M | 43.84M |
| Investing Cash Flow | -519.05M | -546.44M | -831.62M | -667.99M | -41.94M |
| Financing Cash Flow | 502.00M | 594.52M | 894.77M | 317.77M | 242.43M |
NB Bancorp, Inc. Technical Analysis
Positive
22.40
Price Trends
21.47
Positive
20.78
Positive
19.40
Positive
Market Momentum
0.30
Negative
65.05
Neutral
89.81
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 22.4 is above the 20-day moving average (MA) of 21.12, above the 50-day MA of 21.47, and above the 200-day MA of 19.40, indicating a bullish trend. The MACD of 0.30 indicates Negative momentum. The RSI at 65.05 is Neutral, neither overbought nor oversold. The STOCH value of 89.81 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 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | $822.13M | 12.66 | 9.71% | 9.26% | -0.40% | -1.43% | |
70 Outperform | $713.80M | 9.04 | 14.20% | 3.09% | 4.29% | 10.56% | |
69 Neutral | $860.15M | 8.09 | 9.49% | 3.66% | 24.08% | 9.83% | |
69 Neutral | $794.97M | 8.35 | 13.02% | 3.19% | 16.57% | 69.64% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $753.20M | 7.29 | 14.41% | 2.93% | 47.65% | 101.00% | |
66 Neutral | $952.67M | 26.28 | 6.55% | 0.67% | 14.04% | 337.54% |
* Financial Sector Average
NBBK
NB Bancorp, Inc.
22.40
6.65
42.20%
CAC
Camden National
50.82
15.30
43.06%
FCBC
First Community Bancshares
43.10
7.83
22.18%
THFF
First Financial Indiana
66.85
25.34
61.06%
ORRF
Orrstown Financial Services
38.39
12.87
50.43%
IBCP
Independent Bank
34.67
6.67
23.81%
NB Bancorp, Inc. Corporate Events
Business Operations and StrategyFinancial Disclosures
NB Bancorp highlights post-IPO growth at investor event
Positive
Feb 4, 2026
On February 4, 2026, NB Bancorp, Inc. used a slide presentation at an in-person investor conference to highlight its post-IPO expansion, strengthened capital base and performance metrics, emphasizing fourth-quarter 2025 indicators such as a 3.92% ...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
NB Bancorp Reports Q4 Results, Declares Dividend, Buyback
Positive
Jan 22, 2026
On January 22, 2026, NB Bancorp, Inc. reported fourth-quarter 2025 results marked by the completed November 15, 2025 acquisition of Provident Bancorp, Inc. and its subsidiary BankProv, which added approximately $1.42 billion in assets, $1.23 billi...
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.