Shares of Northpointe Bancshares, Inc. (NYSE:NPB – Get Free Report) have earned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $20.6250.
A number of analysts recently issued reports on NPB shares. Zacks Research downgraded Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Brean Capital initiated coverage on shares of Northpointe Bancshares in a research note on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 target price for the company. Piper Sandler lifted their price target on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Keefe, Bruyette & Woods dropped their price target on shares of Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Northpointe Bancshares in a research note on Friday, May 29th.
Check Out Our Latest Stock Analysis on NPB
Insider Buying and Selling
Hedge Funds Weigh In On Northpointe Bancshares
Several hedge funds have recently bought and sold shares of NPB. Wellington Management Group LLP increased its stake in Northpointe Bancshares by 2.6% during the third quarter. Wellington Management Group LLP now owns 3,841,773 shares of the company’s stock worth $65,617,000 after purchasing an additional 95,953 shares during the period. Adage Capital Partners GP L.L.C. lifted its position in shares of Northpointe Bancshares by 12.5% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,018,214 shares of the company’s stock worth $33,866,000 after purchasing an additional 224,110 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Northpointe Bancshares by 84.1% in the third quarter. Vanguard Group Inc. now owns 1,063,156 shares of the company’s stock valued at $18,159,000 after purchasing an additional 485,525 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Northpointe Bancshares by 6.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 760,353 shares of the company’s stock valued at $12,759,000 after purchasing an additional 45,047 shares during the period. Finally, Jacobs Asset Management LLC grew its holdings in shares of Northpointe Bancshares by 2.7% in the fourth quarter. Jacobs Asset Management LLC now owns 475,000 shares of the company’s stock valued at $7,970,000 after purchasing an additional 12,500 shares in the last quarter.
Northpointe Bancshares Trading Down 1.3%
Shares of Northpointe Bancshares stock opened at $17.27 on Thursday. The stock has a 50 day moving average of $18.02 and a 200 day moving average of $17.82. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.38 and a current ratio of 1.44. The firm has a market capitalization of $597.02 million, a price-to-earnings ratio of 7.47 and a beta of 0.07. Northpointe Bancshares has a fifty-two week low of $14.42 and a fifty-two week high of $19.71.
Northpointe Bancshares (NYSE:NPB – Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). Northpointe Bancshares had a net margin of 17.72% and a return on equity of 15.10%. The business had revenue of $64.32 million during the quarter. As a group, research analysts predict that Northpointe Bancshares will post 2.63 earnings per share for the current year.
Northpointe Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, July 15th. Northpointe Bancshares’s dividend payout ratio (DPR) is 4.33%.
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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