Northpointe Bancshares (NYSE:NPB) Director Richard Jeffery Dean Sells 57,619 Shares

Northpointe Bancshares, Inc. (NYSE:NPB) Director Richard Jeffery Dean sold 57,619 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $17.55, for a total value of $1,011,213.45. Following the sale, the director owned 557,171 shares in the company, valued at $9,778,351.05. The trade was a 9.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Northpointe Bancshares Stock Performance

Shares of Northpointe Bancshares stock traded up $0.42 during midday trading on Tuesday, hitting $18.26. The company had a trading volume of 193,425 shares, compared to its average volume of 365,487. The stock has a market cap of $627.40 million and a price-to-earnings ratio of 8.74. Northpointe Bancshares, Inc. has a 12-month low of $11.43 and a 12-month high of $19.48. The company has a quick ratio of 1.34, a current ratio of 1.39 and a debt-to-equity ratio of 2.24. The company has a fifty day simple moving average of $17.70 and a 200 day simple moving average of $17.41.

Northpointe Bancshares (NYSE:NPB) last released its earnings results on Tuesday, January 20th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.08). The company had revenue of $65.14 million for the quarter, compared to analysts’ expectations of $64.70 million. Northpointe Bancshares had a return on equity of 13.79% and a net margin of 17.70%.

Northpointe Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 3rd. Investors of record on Thursday, January 15th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, January 15th. Northpointe Bancshares’s dividend payout ratio is presently 4.78%.

Analyst Upgrades and Downgrades

NPB has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Northpointe Bancshares in a research note on Monday, December 29th. Piper Sandler lifted their target price on Northpointe Bancshares from $19.50 to $20.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.08.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in Northpointe Bancshares by 2.6% in the 3rd quarter. Wellington Management Group LLP now owns 3,841,773 shares of the company’s stock worth $65,617,000 after purchasing an additional 95,953 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Northpointe Bancshares by 12.5% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,018,214 shares of the company’s stock worth $33,866,000 after acquiring an additional 224,110 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Northpointe Bancshares by 84.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,063,156 shares of the company’s stock valued at $18,159,000 after acquiring an additional 485,525 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Northpointe Bancshares by 6.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 760,353 shares of the company’s stock valued at $12,759,000 after purchasing an additional 45,047 shares in the last quarter. Finally, Jacobs Asset Management LLC raised its holdings in Northpointe Bancshares by 2.7% in the 4th quarter. Jacobs Asset Management LLC now owns 475,000 shares of the company’s stock worth $7,970,000 after purchasing an additional 12,500 shares during the period.

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.