NB Bancorp, Inc. (NBBK)
NASDAQ:NBBK
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NB Bancorp, Inc.
(NASDAQ:NBBK)
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Rating:61Neutral
Price Target:
$20.50
â–¼(-8.89% Downside)
Action:ReiteratedDate:04/30/26
The score is driven primarily by improving profitability and a more moderate leverage profile, but tempered by weakening free cash flow/cash-conversion uncertainty and a 2025 revenue dip. Technicals are notably weak (below major moving averages with negative MACD), while valuation is fair and recent corporate updates are mildly supportive.
Positive Factors
Market share and deposit growth
Marked post-IPO expansion and outsized deposit gains in core New England markets indicate durable local market share gains. Strong deposit inflows supply low-cost funding, support loan growth, and underpin branch-level competitive advantages that can sustain revenue and NII over the medium term.
Negative Factors
Weak free cash flow and cash conversion
Material FCF deterioration and inconsistent cash-to-earnings alignment suggest the bank may struggle to fund discretionary uses from operations. This weakens resilience to loan stress, limits organic capital accumulation, and increases reliance on external funding or capital actions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Market share and deposit growth
Marked post-IPO expansion and outsized deposit gains in core New England markets indicate durable local market share gains. Strong deposit inflows supply low-cost funding, support loan growth, and underpin branch-level competitive advantages that can sustain revenue and NII over the medium term.
Read all positive factors
NB Bancorp, Inc. (NBBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$838.86M
Dividend Yield0.67%
Average Volume (3M)248.66K
Price to Earnings (P/E)14.4
Beta (1Y)0.99
Revenue Growth21.77%
EPS Growth17.22%
CountryUS
Employees376
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.34
Shares Outstanding45,165,173
10 Day Avg. Volume246,394
30 Day Avg. Volume248,657
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/Revenue1.95
Enterprise Value/Gross Profit3.55
Enterprise Value/Ebitda8.14
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
NB Bancorp, Inc. primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is earned from the spread between interest and fees collected on loans and investment securities and the interest paid on fundin...
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
22.50
Price Trends
21.53
Positive
20.97
Positive
19.52
Positive
Market Momentum
0.38
Negative
63.20
Neutral
70.28
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 22.5 is above the 20-day moving average (MA) of 21.57, above the 50-day MA of 21.53, and above the 200-day MA of 19.52, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 63.20 is Neutral, neither overbought nor oversold. The STOCH value of 70.28 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $823.47M | 16.33 | 9.63% | 9.26% | 1.95% | -3.87% | |
73 Outperform | $829.12M | 9.13 | 11.66% | 3.66% | 26.91% | 6.01% | |
70 Outperform | $729.66M | 7.97 | 14.62% | 2.93% | 10.74% | 121.24% | |
70 Outperform | $691.98M | 10.15 | 14.15% | 3.09% | -0.73% | 6.41% | |
69 Neutral | $785.94M | 9.48 | 13.02% | 3.19% | 9.58% | 46.74% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $838.86M | 14.40 | 6.63% | 0.67% | 21.77% | 17.22% |
* Financial Sector Average
NBBK
NB Bancorp, Inc.
19.93
2.76
16.09%
CAC
Camden National
48.84
10.72
28.13%
FCBC
First Community Bancshares
43.17
7.01
19.38%
THFF
First Financial Indiana
66.09
17.22
35.24%
ORRF
Orrstown Financial Services
37.19
7.99
27.38%
IBCP
Independent Bank
33.61
3.04
9.96%
NB Bancorp, Inc. Corporate Events
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...
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% ...
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.