Northpointe Bancshares, Inc. (NYSE:NPB – Get Free Report) CEO Charles Alan Williams bought 48,312 shares of the stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average price of $16.95 per share, with a total value of $818,888.40. Following the acquisition, the chief executive officer directly owned 2,390,962 shares in the company, valued at approximately $40,526,805.90. The trade was a 2.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Charles Alan Williams also recently made the following trade(s):
- On Tuesday, August 25th, Charles Alan Williams purchased 30,000 shares of Northpointe Bancshares stock. The shares were purchased at an average price of $16.95 per share, for a total transaction of $508,500.00.
Northpointe Bancshares Trading Down 0.1%
NYSE:NPB traded down $0.01 during mid-day trading on Wednesday, hitting $16.94. 164,909 shares of the stock traded hands, compared to its average volume of 231,352. The company has a quick ratio of 1.34, a current ratio of 1.40 and a debt-to-equity ratio of 2.66. Northpointe Bancshares, Inc. has a 52 week low of $15.42 and a 52 week high of $19.71. The stock has a market capitalization of $585.79 million, a price-to-earnings ratio of 7.33 and a beta of 0.07. The firm’s 50 day moving average is $17.90 and its two-hundred day moving average is $17.73.
Northpointe Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th were paid a dividend of $0.025 per share. 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, July 15th. Northpointe Bancshares’s dividend payout ratio (DPR) is currently 4.33%.
Analysts Set New Price Targets
A number of analysts have weighed in on NPB shares. Keefe, Bruyette & Woods reduced their target price on Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Northpointe Bancshares in a research note on Friday, May 29th. Piper Sandler upped their price target on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Finally, Zacks Research downgraded shares of Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Northpointe Bancshares has an average rating of “Hold” and a consensus target price of $20.62.
Get Our Latest Research Report on Northpointe Bancshares
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in Northpointe Bancshares by 393.7% during the 2nd quarter. California State Teachers Retirement System now owns 5,485 shares of the company’s stock worth $105,000 after purchasing an additional 4,374 shares during the period. Pale Fire Capital SE lifted its holdings in shares of Northpointe Bancshares by 29.2% in the 2nd quarter. Pale Fire Capital SE now owns 13,258 shares of the company’s stock worth $254,000 after buying an additional 3,000 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Northpointe Bancshares during the 2nd quarter worth $191,000. Bank of New York Mellon Corp bought a new position in shares of Northpointe Bancshares during the 2nd quarter worth $1,756,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Northpointe Bancshares during the first quarter valued at $1,515,000.
Northpointe Bancshares Company Profile
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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