Northpointe Bancshares (NYSE:NPB) Sets New 1-Year High – Still a Buy?

Northpointe Bancshares, Inc. (NYSE:NPB)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $18.85 and last traded at $18.7810, with a volume of 56972 shares trading hands. The stock had previously closed at $18.67.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NPB. Weiss Ratings reissued a “sell (d-)” rating on shares of Northpointe Bancshares in a report on Monday, December 29th. Piper Sandler upped their price target on shares of Northpointe Bancshares from $19.50 to $20.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Northpointe Bancshares has an average rating of “Hold” and an average target price of $19.08.

Northpointe Bancshares Trading Up 1.9%

The firm has a market cap of $653.72 million and a P/E ratio of 12.12. The company has a 50 day moving average of $17.14 and a 200 day moving average of $16.66. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.34 and a current ratio of 1.39.

Northpointe Bancshares (NYSE:NPB) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. Northpointe Bancshares had a return on equity of 12.43% and a net margin of 16.09%.The company had revenue of $64.36 million for the quarter, compared to analyst estimates of $62.17 million.

Northpointe Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 3rd. Stockholders of record on Thursday, January 15th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, January 15th. Northpointe Bancshares’s dividend payout ratio (DPR) is currently 6.37%.

Institutional Investors Weigh In On Northpointe Bancshares

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of Northpointe Bancshares by 11.7% in the 4th quarter. SG Americas Securities LLC now owns 14,236 shares of the company’s stock valued at $239,000 after acquiring an additional 1,489 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Northpointe Bancshares during the 1st quarter worth approximately $26,000. Boston Partners increased its holdings in shares of Northpointe Bancshares by 5.8% in the third quarter. Boston Partners now owns 40,943 shares of the company’s stock valued at $699,000 after purchasing an additional 2,259 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Northpointe Bancshares during the second quarter worth approximately $33,000. Finally, State of Wyoming bought a new position in shares of Northpointe Bancshares during the second quarter worth approximately $54,000.

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.