NB Bancorp saw an improvement in its IBD SmartSelect Composite Rating Friday, from 88 to 96.
Looking For Winning Stocks? How To Invest In Both Bull And Bear Markets
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
NB Bancorp is currently forming a consolidation, with a 21.05 entry. See if the stock can break out in volume at least 40% above average. Be aware that it's a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may show wider daily or weekly fluctuations than stocks with greater trading volume.
The stock has a 99 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
The company posted a 60% earnings-per-share gain for Q2. That means it's now delivered two straight quarters of rising EPS gains. Revenue growth climbed 23%, up from 12% in the prior report. That marks one quarter of rising revenue gains.
NB Bancorp holds the No. 5 rank among its peers in the Banks-Northeast industry group. The Bancorp is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
