
NBBK Stock Forecast & Price Target
NBBK Analyst Ratings
Bulls say
NB Bancorp Inc. has demonstrated strong loan growth, with a sequential increase of 4%, primarily driven by a 36% rise in multi-family loans as construction projects transitioned to permanent financing. The company reported a 4% quarter-over-quarter increase in core deposits alongside a modest rise in tangible book value per share to $18.48, indicating solid financial health and stability. With a robust tangible common equity ratio of approximately 11.3%, NB Bancorp is well-positioned to pursue profitable lending opportunities, further enhancing its profitability outlook.
Bears say
NB Bancorp's recent financial report indicates several factors contributing to a negative outlook for the company. Despite a slight decrease in nonperforming loans to 0.24%, the decline in the net interest margin to 3.78% and a reduced loan-to-deposit ratio of 103% from 106% in the previous quarter signal potential challenges in profitability and liquidity. Additionally, the drop in fee income to 7% of total revenues and a significant reduction in borrowed funds further underscore the financial pressures facing the institution.
This aggregate rating is based on analysts' research of NB Bancorp Inc and is not a guaranteed prediction by Public.com or investment advice.
NBBK Analyst Forecast & Price Prediction
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