Insider Buying: Northpointe Bancshares (NYSE:NPB) CEO Acquires $430,250.00 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Alan Williams bought 25,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average price of $17.21 per share, for a total transaction of $430,250.00. Following the completion of the purchase, the chief executive officer directly owned 2,312,650 shares of the company’s stock, valued at $39,800,706.50. The trade was a 1.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Charles Alan Williams also recently made the following trade(s):

• On Thursday, February 12th, Charles Alan Williams bought 23,450 shares of Northpointe Bancshares stock. The stock was bought at an average price of $16.88 per share, for a total transaction of $395,836.00.

Northpointe Bancshares Stock Performance

NPB stock opened at $17.11 on Friday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.34 and a current ratio of 1.40. The stock has a market capitalization of $590.02 million, a price-to-earnings ratio of 7.70 and a beta of 0.21. Northpointe Bancshares, Inc. has a 1 year low of $12.52 and a 1 year high of $19.48. The stock’s fifty day moving average is $17.66 and its two-hundred day moving average is $17.41.

Northpointe Bancshares (NYSE:NPB) last posted its earnings results on Tuesday, April 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The company had revenue of $63.42 million during the quarter. Northpointe Bancshares had a net margin of 17.92% and a return on equity of 14.74%. On average, research analysts predict that Northpointe Bancshares, Inc. will post 2.72 EPS for the current year.

Northpointe Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Wednesday, April 15th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, April 15th. Northpointe Bancshares’s dividend payout ratio (DPR) is presently 4.50%.

Institutional Investors Weigh In On Northpointe Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of NPB. Adage Capital Partners GP L.L.C. raised its stake in shares of Northpointe Bancshares by 122.0% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,694,728 shares of the company’s stock valued at $23,235,000 after purchasing an additional 931,240 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Northpointe Bancshares during the first quarter valued at about $9,908,000. Vanguard Group Inc. raised its stake in shares of Northpointe Bancshares by 84.1% during the third quarter. Vanguard Group Inc. now owns 1,063,156 shares of the company’s stock valued at $18,159,000 after purchasing an additional 485,525 shares in the last quarter. Millennium Management LLC raised its stake in shares of Northpointe Bancshares by 462.4% during the third quarter. Millennium Management LLC now owns 373,891 shares of the company’s stock valued at $6,386,000 after purchasing an additional 307,409 shares in the last quarter. Finally, Algebris UK Ltd. bought a new stake in shares of Northpointe Bancshares during the third quarter valued at about $4,447,000.

Analyst Upgrades and Downgrades

Separately, Brean Capital assumed coverage on shares of Northpointe Bancshares in a research note on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 price objective on the stock. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Northpointe Bancshares has a consensus rating of “Hold” and a consensus price target of $19.83.

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.