Northpointe Bancshares (NYSE:NPB) Issues Earnings Results

Northpointe Bancshares (NYSE:NPB) announced its quarterly earnings results on Tuesday. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04), Zacks reports. The firm had revenue of $63.42 million during the quarter. Northpointe Bancshares had a return on equity of 14.00% and a net margin of 17.70%.

Northpointe Bancshares Trading Down 3.7%

Shares of NPB opened at $18.48 on Wednesday. The firm’s 50-day moving average price is $17.79 and its 200-day moving average price is $17.37. The firm has a market capitalization of $637.45 million, a price-to-earnings ratio of 8.84 and a beta of 0.23. The company has a current ratio of 1.40, a quick ratio of 1.34 and a debt-to-equity ratio of 2.70. Northpointe Bancshares has a 1-year low of $12.52 and a 1-year high of $19.48.

Northpointe Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.5%. Northpointe Bancshares’s payout ratio is presently 4.78%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Northpointe Bancshares in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.63.

Insider Activity

In related news, CEO Charles Alan Williams bought 23,450 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were purchased at an average price of $16.88 per share, with a total value of $395,836.00. Following the purchase, the chief executive officer owned 54,896 shares of the company’s stock, valued at approximately $926,644.48. This trade represents a 74.57% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Amy M. Butler sold 6,365 shares of Northpointe Bancshares stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $17.50, for a total transaction of $111,387.50. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 73,895 shares of company stock valued at $1,301,197. Corporate insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Northpointe Bancshares

Large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Northpointe Bancshares during the 1st quarter valued at about $26,000. State of Wyoming purchased a new position in Northpointe Bancshares during the 2nd quarter valued at about $54,000. Police & Firemen s Retirement System of New Jersey lifted its position in Northpointe Bancshares by 131.2% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,524 shares of the company’s stock valued at $93,000 after acquiring an additional 3,135 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Northpointe Bancshares during the 2nd quarter valued at about $79,000. Finally, New York State Common Retirement Fund purchased a new position in Northpointe Bancshares during the 2nd quarter valued at about $97,000.

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.