Northpointe Bancshares, Inc. (NYSE:NPB – Get Free Report) CEO Charles Williams purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average cost of $15.32 per share, for a total transaction of $766,000.00. Following the purchase, the chief executive officer owned 2,575,962 shares of the company’s stock, valued at $39,463,737.84. This represents a 1.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Charles Alan Williams also recently made the following trade(s):
- On Friday, October 23rd, Charles Williams acquired 50,000 shares of Northpointe Bancshares stock. The stock was acquired at an average cost of $15.42 per share, with a total value of $771,000.00.
- On Wednesday, August 26th, Charles Williams bought 48,312 shares of Northpointe Bancshares stock. The stock was acquired at an average price of $16.95 per share, for a total transaction of $818,888.40.
- On Tuesday, August 25th, Charles Williams purchased 30,000 shares of Northpointe Bancshares stock. The stock was bought at an average price of $16.95 per share, with a total value of $508,500.00.
Northpointe Bancshares Trading Up 3.2%
NPB stock traded up $0.49 during midday trading on Tuesday, reaching $15.72. 372,532 shares of the company traded hands, compared to its average volume of 242,782. 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, Inc. has a 52-week low of $13.80 and a 52-week high of $19.71. The firm has a market capitalization of $543.60 million, a price-to-earnings ratio of 7.38 and a beta of 0.16. The business has a 50 day moving average of $16.26 and a 200-day moving average of $17.39.
Northpointe Bancshares (NYSE:NPB – Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.21). Northpointe Bancshares had a return on equity of 13.88% and a net margin of 16.27%. The firm had revenue of $55.92 million for the quarter. As a group, sell-side analysts expect that Northpointe Bancshares, Inc. will post 1.80 earnings per share for the current fiscal year.
Northpointe Bancshares Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, October 15th. This is an increase from Northpointe Bancshares’s previous quarterly dividend of $0.0250. Northpointe Bancshares’s dividend payout ratio (DPR) is 5.63%.
Institutional Trading of Northpointe Bancshares
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mendon Capital Advisors Corp raised its position in shares of Northpointe Bancshares by 86.4% during the 1st quarter. Mendon Capital Advisors Corp now owns 308,624 shares of the company’s stock valued at $5,327,000 after buying an additional 143,010 shares during the period. Bank of America Corp DE increased its stake in Northpointe Bancshares by 126.9% during the first quarter. Bank of America Corp DE now owns 215,544 shares of the company’s stock worth $3,720,000 after acquiring an additional 120,554 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Northpointe Bancshares in the second quarter valued at $1,756,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Northpointe Bancshares during the 1st quarter worth about $1,515,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in Northpointe Bancshares in the 4th quarter valued at about $965,000.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the stock. Piper Sandler dropped their target price on shares of Northpointe Bancshares from $20.00 to $19.50 and set an “overweight” rating on the stock in a research report on Thursday, October 22nd. Keefe, Bruyette & Woods reduced their price target on shares of Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Zacks Research upgraded shares of Northpointe Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings upgraded Northpointe Bancshares from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, September 9th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Northpointe Bancshares presently has a consensus rating of “Hold” and an average price target of $20.25.
Check Out Our Latest Report on Northpointe Bancshares
Trending Headlines about Northpointe Bancshares
Here are the key news stories impacting Northpointe Bancshares this week:
- Positive Sentiment: $30 million stock buyback: Northpointe Bancshares announced a $30 million common-stock repurchase program. Buybacks can support the share price, reduce shares outstanding, and potentially improve future earnings per share. MarketScreener article
- Positive Sentiment: CEO buying signals confidence: CEO Charles Williams purchased 100,000 shares across October 23 and October 26 for approximately $1.54 million. The purchases increased his direct ownership to 2,575,962 shares, aligning management financially with shareholders. InsiderTrades CEO profile
- Positive Sentiment: Additional insider purchases: Director Carrie L. Boer bought 12,000 shares for $184,800, while COO Joseph B. Long purchased 3,240 shares for approximately $49,800. Multiple insiders buying shares at prices near $15.40 may reinforce the perception that NPB is undervalued. SEC director filing
- Negative Sentiment: Fundamental caution remains: Northpointe’s latest reported quarterly earnings missed consensus expectations, so investors may view the buyback and insider buying as support for the valuation while continuing to monitor earnings recovery and credit conditions.
Northpointe Bancshares Company Profile
Northpointe Bancshares, Inc is a bank holding company headquartered in Grand Rapids, Michigan. It operates through Northpointe Bank, a financial institution focused on providing banking products and lending services to individuals, families, and businesses.
Northpointe Bank offers residential mortgage loans, including home purchase and refinancing products, as well as consumer deposit accounts such as checking, savings, and certificates of deposit. The bank also provides commercial banking services and business loans, serving customers through a combination of digital banking capabilities and banking offices.
Founded in 1999, Northpointe Bank serves customers across the United States, with a particular emphasis on mortgage lending and relationship-based banking.
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