Northpointe Bancshares (NYSE:NPB) EVP Sells $111,387.50 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) EVP Amy Butler sold 6,365 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $17.50, for a total transaction of $111,387.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Northpointe Bancshares Stock Up 0.5%

NPB stock traded up $0.09 during trading on Thursday, hitting $17.48. 389,764 shares of the stock traded hands, compared to its average volume of 531,434. Northpointe Bancshares, Inc. has a 1 year low of $11.43 and a 1 year high of $19.48. The firm’s 50 day moving average is $17.49 and its two-hundred day moving average is $16.90. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.39 and a quick ratio of 1.34. The stock has a market cap of $600.70 million and a price-to-earnings ratio of 8.36.

Northpointe Bancshares (NYSE:NPB) last issued its earnings results on Tuesday, January 20th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.08). The firm had revenue of $65.14 million during the quarter, compared to the consensus estimate of $64.70 million. Northpointe Bancshares had a return on equity of 13.79% and a net margin of 17.70%.

Northpointe Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 3rd. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.6%. Northpointe Bancshares’s dividend payout ratio is presently 4.78%.

Institutional Investors Weigh In On Northpointe Bancshares

Several hedge funds have recently modified their holdings of the stock. Algebris UK Ltd. bought a new position in Northpointe Bancshares in the 3rd quarter worth approximately $4,447,000. Boston Partners increased its stake in shares of Northpointe Bancshares by 23.0% in the 2nd quarter. Boston Partners now owns 38,684 shares of the company’s stock valued at $530,000 after buying an additional 7,241 shares during the period. Zhang Financial LLC bought a new stake in shares of Northpointe Bancshares during the second quarter worth $1,384,000. Russell Investments Group Ltd. lifted its stake in shares of Northpointe Bancshares by 12.2% during the second quarter. Russell Investments Group Ltd. now owns 159,674 shares of the company’s stock valued at $2,189,000 after acquiring an additional 17,371 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Northpointe Bancshares by 118.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 123,408 shares of the company’s stock valued at $2,108,000 after purchasing an additional 66,798 shares during the period.

Analyst Upgrades and Downgrades

NPB has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Northpointe Bancshares in a research note on Monday, December 29th. Piper Sandler boosted their price target on Northpointe Bancshares from $19.50 to $20.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.08.

Northpointe Bancshares Company Profile

Northpointe Bancshares, Inc is the bank holding company for Northpointe Bank, an FDIC-insured community bank based in Michigan. The company offers a full range of commercial and consumer banking solutions, serving retail, small business and corporate clients through both a physical branch network and digital platforms.

Northpointe Bank’s product suite includes interest-bearing checking and savings accounts, money market and certificate of deposit offerings, as well as residential mortgage lending, home equity financing and unsecured consumer loans.