Insider Selling: Northpointe Bancshares (NYSE:NPB) Director Sells $12,947.28 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 739 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $17.52, for a total value of $12,947.28. Following the completion of the transaction, the director directly owned 11,157 shares of the company’s stock, valued at $195,470.64. This represents a 6.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Stevens Hooker also recently made the following trade(s):

• On Tuesday, June 9th, David Stevens Hooker sold 2,351 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.70, for a total value of $41,612.70.
• On Friday, June 5th, David Stevens Hooker sold 285 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.52, for a total value of $4,993.20.
• On Tuesday, June 2nd, David Stevens Hooker sold 4,125 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.50, for a total value of $72,187.50.
• On Friday, May 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.82, for a total value of $133,650.00.

Northpointe Bancshares Trading Up 0.8%

Shares of NYSE NPB opened at $18.43 on Monday. The stock’s 50 day moving average price is $17.73 and its two-hundred day moving average price is $17.60. Northpointe Bancshares, Inc. has a 52-week low of $12.86 and a 52-week high of $19.48. The stock has a market capitalization of $637.41 million, a P/E ratio of 8.30 and a beta of 0.12. The company has a quick ratio of 1.38, a current ratio of 1.44 and a debt-to-equity ratio of 2.96.

Northpointe Bancshares (NYSE:NPB) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.04). Northpointe Bancshares had a net margin of 17.92% and a return on equity of 14.80%. The firm had revenue of $63.42 million for the quarter. On average, analysts anticipate that Northpointe Bancshares, Inc. will post 2.72 earnings per share for the current fiscal year.

Northpointe Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.025 per share. The ex-dividend date was Wednesday, April 15th. This represents a $0.10 annualized dividend and a yield of 0.5%. Northpointe Bancshares’s dividend payout ratio is presently 4.50%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NPB. Brean Capital began coverage on Northpointe Bancshares in a research note on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 price objective on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Northpointe Bancshares in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Northpointe Bancshares has a consensus rating of “Hold” and an average price target of $19.83.

Institutional Trading of Northpointe Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC acquired a new stake in shares of Northpointe Bancshares during the 1st quarter worth approximately $1,515,000. Bank of America Corp DE raised its position in shares of Northpointe Bancshares by 126.9% during the 1st quarter. Bank of America Corp DE now owns 215,544 shares of the company’s stock worth $3,720,000 after purchasing an additional 120,554 shares during the period. 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 worth $5,327,000 after purchasing an additional 143,010 shares during the period. Pale Fire Capital SE acquired a new stake in shares of Northpointe Bancshares during the 1st quarter worth approximately $177,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Northpointe Bancshares during the 1st quarter worth approximately $172,000.

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.