Northpointe Bancshares, Inc. Plans Quarterly Dividend of $0.03 (NYSE:NPB)

Northpointe Bancshares, Inc. (NYSE:NPBGet Free Report) announced a quarterly dividend on Monday, July 6th. Investors of record on Wednesday, July 15th will be given a dividend of 0.025 per share on Tuesday, August 4th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Northpointe Bancshares Stock Performance

Shares of NYSE:NPB traded up $0.05 during trading on Tuesday, hitting $19.07. The company’s stock had a trading volume of 3,943 shares, compared to its average volume of 241,817. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.44 and a quick ratio of 1.38. The firm has a market cap of $659.37 million and a price-to-earnings ratio of 8.58. The company has a 50-day moving average of $17.76 and a 200-day moving average of $17.70. Northpointe Bancshares has a 12 month low of $13.66 and a 12 month high of $19.71.

Northpointe Bancshares (NYSE:NPBGet Free Report) last announced its earnings results on Tuesday, April 21st. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The business had revenue of $63.42 million for the quarter. Northpointe Bancshares had a net margin of 17.92% and a return on equity of 14.80%. On average, sell-side analysts expect that Northpointe Bancshares will post 2.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NPB shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Northpointe Bancshares in a research report on Friday, May 29th. Piper Sandler upped their price target on Northpointe Bancshares from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Finally, Brean Capital began coverage on shares of Northpointe Bancshares in a report on Wednesday, April 22nd. They issued a “neutral” rating and a $20.25 target price for the company. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Northpointe Bancshares presently has an average rating of “Hold” and an average price target of $20.50.

Check Out Our Latest Stock Analysis on NPB

Northpointe Bancshares Company Profile

(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.

Further Reading

Dividend History for Northpointe Bancshares (NYSE:NPB)

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