Northpointe Bancshares, Inc. (NYSE:NPB) Given Consensus Recommendation of “Hold” by Analysts

Shares of Northpointe Bancshares, Inc. (NYSE:NPBGet Free Report) have earned an average rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $20.6250.

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. Keefe, Bruyette & Woods dropped their price target on shares of Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Piper Sandler boosted their price objective 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. Finally, Zacks Research lowered Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th.

Check Out Our Latest Report on Northpointe Bancshares

Insider Buying and Selling

In other news, Director David Stevens Hooker sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $19.30, for a total value of $144,750.00. Following the transaction, the director owned 10,500 shares of the company’s stock, valued at $202,650. This trade represents a 41.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,772 shares of company stock valued at $290,001 in the last three months. Corporate insiders own 18.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NPB. Rockefeller Capital Management L.P. purchased a new position in Northpointe Bancshares during the fourth quarter valued at approximately $965,000. Mendon Capital Advisors Corp increased its stake in shares of Northpointe Bancshares by 86.4% in the first quarter. Mendon Capital Advisors Corp now owns 308,624 shares of the company’s stock worth $5,327,000 after purchasing an additional 143,010 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Northpointe Bancshares by 156.8% in the fourth quarter. Hsbc Holdings PLC now owns 65,852 shares of the company’s stock worth $1,102,000 after purchasing an additional 40,207 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Northpointe Bancshares during the 1st quarter valued at $1,515,000. Finally, Sei Investments Co. raised its position in shares of Northpointe Bancshares by 165.2% during the 1st quarter. Sei Investments Co. now owns 50,117 shares of the company’s stock valued at $865,000 after purchasing an additional 31,220 shares during the period.

Northpointe Bancshares Trading Up 0.3%

Shares of NYSE:NPB opened at $17.27 on Monday. The stock’s 50-day simple moving average is $17.94 and its two-hundred day simple moving average is $17.74. The stock has a market capitalization of $597.20 million, a price-to-earnings ratio of 7.48 and a beta of 0.07. Northpointe Bancshares has a 52-week low of $15.42 and a 52-week high of $19.71. 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 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.08). Northpointe Bancshares had a net margin of 17.72% and a return on equity of 14.99%. The business had revenue of $64.32 million for the quarter. Analysts expect that Northpointe Bancshares will post 2.48 EPS for the current year.

Northpointe Bancshares Announces Dividend

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

About Northpointe Bancshares

(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.

See Also

Analyst Recommendations for Northpointe Bancshares (NYSE:NPB)

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