tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

NB Bancorp Sends Election Materials for Merger

Story Highlights
  • NB Bancorp and Provident Bancorp entered a merger agreement on June 5, 2025.
  • Provident stockholders received election materials on October 7, 2025, for merger consideration choices.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
NB Bancorp Sends Election Materials for Merger

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest announcement is out from NB Bancorp, Inc. ( (NBBK) ).

On June 5, 2025, NB Bancorp, Inc. and Provident Bancorp, Inc. entered into a merger agreement, which was approved by Provident stockholders on September 16, 2025. The merger involves Needham acquiring Provident and BankProv, with the transaction expected to be completed by November 15, 2025, pending regulatory approvals. On October 7, 2025, election materials were sent to Provident stockholders to choose between receiving Needham stock, cash, or a combination as part of the merger consideration. The election process is subject to allocation and proration provisions, and the final election deadline is anticipated to be November 7, 2025.

The most recent analyst rating on (NBBK) stock is a Buy with a $21.00 price target. To see the full list of analyst forecasts on NB Bancorp, Inc. stock, see the NBBK Stock Forecast page.

Spark’s Take on NBBK Stock

According to Spark, TipRanks’ AI Analyst, NBBK is a Outperform.

NB Bancorp, Inc. demonstrates strong financial performance with robust revenue growth and efficient cost management, which significantly contributes to its overall score. The valuation is attractive with a reasonable P/E ratio and a solid dividend yield. Technical analysis indicates a neutral trend, slightly dampening the overall score.

To see Spark’s full report on NBBK stock, click here.

More about NB Bancorp, Inc.

NB Bancorp, Inc., the holding company for Needham Bank, and Provident Bancorp, Inc., the holding company for BankProv, are involved in the banking industry, focusing on providing banking services through their respective banks.

Average Trading Volume: 188,553

Technical Sentiment Signal: Buy

Current Market Cap: $660M

See more data about NBBK stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1