Northpointe Bancshares, Inc. (NYSE:NPB – Get 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 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.
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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