Northpointe Bancshares, Inc. (NYSE:NPB – Get Free Report) Director David Stevens Hooker sold 739 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $17.52, for a total value of $12,947.28. Following the transaction, the director owned 11,157 shares in the company, valued at approximately $195,470.64. This represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
David Stevens Hooker also recently made the following trade(s):
- On Tuesday, June 9th, David Stevens Hooker sold 2,351 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.70, for a total value of $41,612.70.
- On Friday, June 5th, David Stevens Hooker sold 285 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.52, for a total value of $4,993.20.
- On Tuesday, June 2nd, David Stevens Hooker sold 4,125 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.50, for a total value of $72,187.50.
- On Friday, May 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.82, for a total value of $133,650.00.
Northpointe Bancshares Trading Up 0.6%
Shares of Northpointe Bancshares stock opened at $18.43 on Friday. The stock has a market cap of $637.41 million, a P/E ratio of 8.30 and a beta of 0.12. The stock’s 50 day simple moving average is $17.73 and its 200-day simple moving average is $17.60. Northpointe Bancshares, Inc. has a 1-year low of $12.86 and a 1-year high of $19.48. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.44 and a quick ratio of 1.38.
Northpointe Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, April 15th. Northpointe Bancshares’s payout ratio is currently 4.50%.
Analyst Ratings Changes
A number of research analysts recently commented on NPB shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. Brean Capital started coverage on Northpointe Bancshares in a report on Wednesday, April 22nd. They issued a “neutral” rating and a $20.25 price objective on the stock. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Northpointe Bancshares presently has a consensus rating of “Hold” and an average price target of $19.83.
Get Our Latest Analysis on Northpointe Bancshares
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Boston Partners lifted its holdings in Northpointe Bancshares by 1.5% in the fourth quarter. Boston Partners now owns 41,577 shares of the company’s stock valued at $698,000 after acquiring an additional 634 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in Northpointe Bancshares by 2.0% in the fourth quarter. Engineers Gate Manager LP now owns 39,289 shares of the company’s stock valued at $659,000 after acquiring an additional 772 shares during the last quarter. First Trust Advisors LP lifted its holdings in Northpointe Bancshares by 2.5% in the fourth quarter. First Trust Advisors LP now owns 32,593 shares of the company’s stock valued at $547,000 after acquiring an additional 790 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Northpointe Bancshares by 11.7% in the fourth quarter. SG Americas Securities LLC now owns 14,236 shares of the company’s stock valued at $239,000 after acquiring an additional 1,489 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Northpointe Bancshares in the first quarter valued at approximately $26,000.
About Northpointe Bancshares
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.
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