Hsbc Holdings PLC Has $1.10 Million Stock Holdings in Northpointe Bancshares, Inc. $NPB

Hsbc Holdings PLC grew its position in shares of Northpointe Bancshares, Inc. (NYSE:NPB) by 156.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,852 shares of the company’s stock after buying an additional 40,207 shares during the period. Hsbc Holdings PLC owned approximately 0.19% of Northpointe Bancshares worth $1,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Northpointe Bancshares by 118.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,408 shares of the company’s stock worth $2,108,000 after purchasing an additional 66,798 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in Northpointe Bancshares in the 4th quarter valued at about $965,000. Boothbay Fund Management LLC grew its position in shares of Northpointe Bancshares by 28.0% during the 3rd quarter. Boothbay Fund Management LLC now owns 202,765 shares of the company’s stock worth $3,463,000 after purchasing an additional 44,315 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Northpointe Bancshares during the 2nd quarter worth approximately $370,000. Finally, Sei Investments Co. bought a new position in shares of Northpointe Bancshares during the second quarter worth approximately $356,000.

Insider Activity at Northpointe Bancshares

In other news, CEO Charles Alan Williams acquired 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average price of $17.21 per share, with a total value of $430,250.00. Following the acquisition, the chief executive officer directly owned 2,312,650 shares in the company, valued at $39,800,706.50. The trade was a 1.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David Stevens Hooker sold 7,500 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $17.82, for a total value of $133,650.00. Following the sale, the director owned 11,500 shares in the company, valued at $204,930. This represents a 39.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 22,500 shares of company stock valued at $410,141. 18.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NPB shares. Piper Sandler raised their price objective on Northpointe Bancshares from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Brean Capital initiated coverage on Northpointe Bancshares in a research report on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 target price for the company. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.50.

Northpointe Bancshares Trading Down 0.3%

Shares of NPB stock opened at $18.64 on Tuesday. Northpointe Bancshares, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $19.71. The stock’s fifty day moving average price is $17.88 and its two-hundred day moving average price is $17.75. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.38 and a current ratio of 1.44. The company has a market cap of $644.54 million and a PE ratio of 8.40.

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

Northpointe Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, July 15th. Northpointe Bancshares’s dividend payout ratio is currently 4.50%.

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.