Charles Alan Williams Acquires 25,000 Shares of Northpointe Bancshares (NYSE:NPB) Stock

Northpointe Bancshares, Inc. (NYSE:NPBGet Free Report) CEO Charles Alan Williams acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $17.21 per share, for a total transaction of $430,250.00. Following the purchase, the chief executive officer directly owned 2,312,650 shares in the company, valued at approximately $39,800,706.50. This represents a 1.09% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this link.

Charles Alan Williams also recently made the following trade(s):

  • On Thursday, February 12th, Charles Alan Williams acquired 23,450 shares of Northpointe Bancshares stock. The stock was purchased at an average cost of $16.88 per share, for a total transaction of $395,836.00.

Northpointe Bancshares Stock Up 0.9%

NPB opened at $17.17 on Friday. Northpointe Bancshares, Inc. has a one year low of $12.52 and a one year high of $19.48. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.34 and a current ratio of 1.40. The stock’s fifty day moving average is $17.69 and its 200-day moving average is $17.41. The company has a market capitalization of $592.02 million, a PE ratio of 7.73 and a beta of 0.21.

Northpointe Bancshares (NYSE:NPBGet Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). Northpointe Bancshares had a return on equity of 14.74% and a net margin of 17.92%.The firm had revenue of $63.42 million during the quarter. On average, equities analysts predict that Northpointe Bancshares, Inc. will post 2.72 EPS for the current fiscal year.

Northpointe Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Wednesday, April 15th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, April 15th. Northpointe Bancshares’s payout ratio is currently 4.50%.

Institutional Investors Weigh In On Northpointe Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of NPB. Adage Capital Partners GP L.L.C. raised its position in shares of Northpointe Bancshares by 122.0% during 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 period. Goldman Sachs Group Inc. purchased a new position in shares of Northpointe Bancshares during the first quarter valued at $9,908,000. Vanguard Group Inc. grew its holdings in shares of Northpointe Bancshares by 84.1% during the third quarter. Vanguard Group Inc. now owns 1,063,156 shares of the company’s stock valued at $18,159,000 after buying an additional 485,525 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Northpointe Bancshares by 462.4% during the third 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 position in shares of Northpointe Bancshares during the third quarter valued at $4,447,000.

Analyst Ratings Changes

Separately, Brean Capital assumed coverage on Northpointe Bancshares in a research report on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 target price on the stock. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.83.

View Our Latest Report on NPB

About Northpointe Bancshares

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Northpointe Bancshares (NYSE:NPB)

Receive News & Ratings for Northpointe Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northpointe Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.