NB Bancorp, Inc. and Provident Bancorp, Inc. Reveal Distribution of Stock/Cash Election Forms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 08 2025
0mins
Source: Yahoo Finance
Merger Announcement: NB Bancorp, Inc. and Provident Bancorp, Inc. have distributed Election Materials to Provident stockholders, allowing them to choose between receiving Needham common stock, cash, or a combination of both upon the completion of their merger, expected to be effective on November 15, 2025.
Stockholder Election Process: Provident stockholders must submit their election forms by November 7, 2025, to determine their preferred form of consideration in the merger, with specific allocation and proration procedures outlined in the Merger Agreement.
Analyst Views on NBBK
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
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
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.
