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NB Bancorp Inc (NBBK) gets rating Initiated from Piper Sandler

NB Bancorp Inc’s filing revealed that its EVP, Dir Spec. Bank. Ctr. EVANGELISTA PAUL A acquired Company’s shares for reported $9955.0 on Nov 19 ’24. In the deal valued at $19.91 per share,500 shares were bought. As a result of this transaction, EVANGELISTA PAUL A now holds 22,566 shares worth roughly $0.42 million.

Then, EVANGELISTA PAUL A bought 500 shares, generating $9,365 in total proceeds. Upon buying the shares at $18.73, the EVP, Dir Spec. Bank. Ctr. now owns 22,066 shares.

Before that, Montgomery Kenneth C. bought 100 shares. NB Bancorp Inc shares valued at $1,862 were divested by the Director at a price of $18.62 per share. As a result of the transaction, Montgomery Kenneth C. now holds 100 shares, worth roughly $1873.0.

Piper Sandler initiated its NB Bancorp Inc [NBBK] rating to an Overweight in a research note published on April 09, 2024; the price target was $17.

Price Performance Review of NBBK

On Friday, NB Bancorp Inc [NASDAQ:NBBK] saw its stock jump 0.11% to $18.73. Over the last five days, the stock has lost -8.01%. NB Bancorp Inc shares have risen nearly 39.26% since the year began. SMA at 50 days reached $19.53, while 200 days put it at $16.87.

Levels Of Support And Resistance For NBBK Stock

The 24-hour chart illustrates a support level at 18.47, which if violated will result in even more drops to 18.21. On the upside, there is a resistance level at 19.02. A further resistance level may holdings at 19.32. The Relative Strength Index (RSI) on the 14-day chart is 37.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.64%. Stochastics %K at 6.37% indicates the stock is a buying.

How much short interest is there in NB Bancorp Inc?

A steep rise in short interest was recorded in NB Bancorp Inc stocks on 2024-11-29, dropping by -0.15 million shares to a total of 1.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.9 million shares. There was a decline of -8.51%, which implies that there is a negative sentiment for the stock.

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