Northpointe Bancshares, Inc. (NYSE:NPB) Announces Quarterly Dividend of $0.03

Northpointe Bancshares, Inc. (NYSE:NPB) declared a quarterly dividend on Tuesday, January 6th. Investors of record on Thursday, January 15th will be paid a dividend of 0.025 per share on Tuesday, February 3rd. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, January 15th.

Northpointe Bancshares Price Performance

NYSE:NPB opened at $17.05 on Wednesday. The business’s 50-day simple moving average is $16.88 and its two-hundred day simple moving average is $16.51. Northpointe Bancshares has a 52 week low of $11.43 and a 52 week high of $18.85. The stock has a market cap of $585.84 million and a PE ratio of 10.86. The company has a quick ratio of 1.34, a current ratio of 1.39 and a debt-to-equity ratio of 2.24.

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

Wall Street Analyst Weigh In

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

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.