David Stevens Hooker Sells 772 Shares of Northpointe Bancshares (NYSE:NPB) Stock

Northpointe Bancshares, Inc. (NYSE:NPBGet Free Report) Director David Stevens Hooker sold 772 shares of Northpointe Bancshares stock in a transaction on Friday, August 14th. The shares were sold at an average price of $17.50, for a total transaction of $13,510.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at $175,000. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Stevens Hooker also recently made the following trade(s):

  • On Wednesday, July 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The shares were sold at an average price of $19.30, for a total transaction of $144,750.00.
  • 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 transaction of $41,612.70.
  • On Monday, June 8th, David Stevens Hooker sold 739 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.52, for a total transaction of $12,947.28.
  • On Friday, June 5th, David Stevens Hooker sold 285 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.52, for a total transaction of $4,993.20.
  • On Tuesday, June 2nd, David Stevens Hooker sold 4,125 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.50, for a total transaction of $72,187.50.

Northpointe Bancshares Price Performance

Shares of NYSE:NPB opened at $17.34 on Wednesday. Northpointe Bancshares, Inc. has a one year low of $15.42 and a one year high of $19.71. The stock has a market capitalization of $599.48 million, a price-to-earnings ratio of 7.50 and a beta of 0.07. The company has a 50-day simple moving average of $18.00 and a 200-day simple moving average of $17.74. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.34 and a current ratio of 1.40.

Northpointe Bancshares (NYSE:NPBGet Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). The company had revenue of $64.32 million for the quarter. Northpointe Bancshares had a return on equity of 14.99% and a net margin of 17.72%. On average, analysts predict that Northpointe Bancshares, Inc. will post 2.48 EPS for the current year.

Northpointe Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Wednesday, July 15th were issued a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.6%. Northpointe Bancshares’s payout ratio is presently 4.33%.

Wall Street Analysts Forecast Growth

NPB has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. Zacks Research downgraded shares of Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Piper Sandler raised their target price on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Brean Capital initiated coverage on shares of Northpointe Bancshares in a research note on Wednesday, April 22nd. They issued a “neutral” rating and a $20.25 target price for the company. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.62.

Read Our Latest Stock Analysis on NPB

Institutional Trading of Northpointe Bancshares

Several hedge funds have recently modified their holdings of NPB. 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 period. Engineers Gate Manager LP grew its stake in shares of Northpointe Bancshares by 2.0% during the 4th quarter. Engineers Gate Manager LP now owns 39,289 shares of the company’s stock worth $659,000 after purchasing an additional 772 shares during the period. First Trust Advisors LP grew its stake in shares of Northpointe Bancshares by 2.5% during the 4th quarter. First Trust Advisors LP now owns 32,593 shares of the company’s stock worth $547,000 after purchasing an additional 790 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Northpointe Bancshares during the 1st quarter worth $26,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Northpointe Bancshares in the 4th quarter valued at about $40,000.

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

Insider Buying and Selling by Quarter for Northpointe Bancshares (NYSE:NPB)

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