Northpointe Bancshares (NYSE:NPB) EVP Amy Butler Sells 9,911 Shares of Stock

Northpointe Bancshares, Inc. (NYSE:NPB) EVP Amy Butler sold 9,911 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $18.02, for a total transaction of $178,596.22. Following the completion of the transaction, the executive vice president owned 6,365 shares in the company, valued at $114,697.30. This represents a 60.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Northpointe Bancshares Stock Performance

Northpointe Bancshares stock opened at $17.48 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.34 and a current ratio of 1.39. The company has a market capitalization of $600.79 million and a PE ratio of 8.36. The company has a 50 day moving average price of $17.52 and a 200-day moving average price of $16.91. Northpointe Bancshares, Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $19.48.

Northpointe Bancshares (NYSE:NPB) last released its quarterly earnings data on Tuesday, January 20th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.08). The firm had revenue of $65.14 million for the quarter, compared to analysts’ expectations 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 3rd. Investors of record on Thursday, January 15th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. Northpointe Bancshares’s dividend payout ratio is 4.78%.

Analyst Ratings Changes

Several research firms have recently commented on NPB. Piper Sandler boosted their price target on shares of Northpointe Bancshares from $19.50 to $20.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Northpointe Bancshares in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.08.

Institutional Investors Weigh In On Northpointe Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of NPB. Adage Capital Partners GP L.L.C. grew its holdings in Northpointe Bancshares by 122.0% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,694,728 shares of the company’s stock worth $23,235,000 after purchasing an additional 931,240 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Northpointe Bancshares in the 1st quarter worth $9,908,000. Vanguard Group Inc. grew its stake in Northpointe Bancshares by 84.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,063,156 shares of the company’s stock worth $18,159,000 after buying an additional 485,525 shares during the last quarter. Millennium Management LLC increased its position in Northpointe Bancshares by 462.4% during the 3rd quarter. Millennium Management LLC now owns 373,891 shares of the company’s stock valued at $6,386,000 after buying an additional 307,409 shares in the last quarter. Finally, Algebris UK Ltd. purchased a new stake in Northpointe Bancshares in the third quarter valued at about $4,447,000.

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.