NB Bancorp, Inc. and Provident Bancorp, Inc. Announce Confirmation of Election Deadline for Merger Consideration and Expected Closing Date | Intellectia.AI
NB Bancorp, Inc. and Provident Bancorp, Inc. Announce Confirmation of Election Deadline for Merger Consideration and Expected Closing Date
Written by Emily J. Thompson, Senior Investment Analyst
Merger Announcement: NB Bancorp, Inc. and Provident Bancorp, Inc. announced the merger of Provident with Needham, effective shortly after midnight on November 15, 2025, with a deadline for stockholders to elect their preferred merger consideration by November 7, 2025.
Stockholder Election Process: Provident stockholders can choose between receiving either 0.691 shares of Needham common stock or $13.00 in cash per share of Provident common stock, with specific instructions provided in the election materials.
Trading and Conversion Details: November 14, 2025, will be the last trading day for Provident common stock, and the conversion of BankProv products to Needham Bank's systems is expected to occur over the weekend following the merger.
Forward-Looking Statements Caution: The press release includes forward-looking statements regarding the merger's benefits and timing, cautioning that these statements involve risks and uncertainties that could affect actual outcomes.
Wall Street analysts forecast NBBK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NBBK is 22.00 USD with a low forecast of 21.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast NBBK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NBBK is 22.00 USD with a low forecast of 21.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 20.210
Low
21.00
Averages
22.00
High
23.00
Current: 20.210
Low
21.00
Averages
22.00
High
23.00
Piper Sandler
Overweight
maintain
$22 -> $23
Al Analysis
2025-11-20
Reason
Piper Sandler
Price Target
$22 -> $23
Al Analysis
2025-11-20
maintain
Overweight
Reason
Piper Sandler raised the firm's price target on NB Bancorp to $23 from $22 and keeps an Overweight rating on the shares. The firm notes that earlier this week, NB Bancorp completed the acquisition of Provident Bancorp creating a $7B-plus institution in Eastern Massachusetts and Southern New Hampshire. Following the completion of the deal, Piper is updating its estimates.
Keefe Bruyette
Market Perform
initiated
$21
2025-11-02
Reason
Keefe Bruyette
Price Target
$21
2025-11-02
initiated
Market Perform
Reason
Keefe Bruyette initiated coverage of NB Bancorp with a Market Perform rating and $21 price target. The firm's estimates are above consensus due to accretion from the pending Provident Bancorp acquisition. It sees 16% potential share upside over the next 12 months.
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Piper Sandler
Mark Fitzgibbon
Overweight
maintain
$21 -> $22
2025-10-23
Reason
Piper Sandler
Mark Fitzgibbon
Price Target
$21 -> $22
2025-10-23
maintain
Overweight
Reason
Piper Sandler analyst Mark Fitzgibbon raised the firm's price target on NB Bancorp to $22 from $21 and keeps an Overweight rating on the shares. The firm notes the company reported Q3 EPS of 43c. After backing out several non-recurring items, it pegs core EPS at 45c, which was ahead of Piper's estimate.
About NBBK
NB Bancorp, Inc. is the bank holding company for Needham Bank (the Bank). The Bank is a Massachusetts-chartered cooperative bank. The Bank offers an array of tech-forward products and services that businesses and consumers need to manage their financial needs. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate and multifamily loans, one-to-four-family residential real estate loans, construction and land development loans, commercial and industrial loans and consumer loans. The Bank offers a variety of deposit accounts, including certificate of deposit accounts, IRAs, money market accounts, savings accounts, demand deposit accounts and interest-bearing and noninterest-bearing checking accounts. The Bank has branch locations in Wellesley, Westwood, Dedham, Medfield, Medford, Dover, Ashland, Millis, Natick and Boston (Mission Hill).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
