Northpointe Bancshares (NYSE:NPB) Director Sells $13,510.00 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 772 shares of Northpointe Bancshares stock in a transaction on Friday, August 14th. The stock was sold at an average price of $17.50, for a total value of $13,510.00. Following the sale, the director directly owned 10,000 shares of the company’s stock, valued at $175,000. This represents a 7.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The shares were sold at an average price of $19.30, for a total transaction of $144,750.00.
• 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 transaction of $41,612.70.
• On Monday, June 8th, David Stevens Hooker sold 739 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.52, for a total transaction of $12,947.28.
• On Friday, June 5th, David Stevens Hooker sold 285 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.52, for a total transaction of $4,993.20.
• On Tuesday, June 2nd, David Stevens Hooker sold 4,125 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.50, for a total transaction of $72,187.50.

Northpointe Bancshares Stock Performance

NYSE NPB opened at $17.03 on Thursday. The firm has a 50-day moving average price of $17.98 and a two-hundred day moving average price of $17.74. Northpointe Bancshares, Inc. has a 12-month low of $15.42 and a 12-month high of $19.71. The company has a market capitalization of $588.86 million, a P/E ratio of 7.37 and a beta of 0.07. The company has a quick ratio of 1.34, a current ratio of 1.40 and a debt-to-equity ratio of 2.66.

Northpointe Bancshares (NYSE:NPB) last announced its earnings results on Tuesday, July 21st. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.08). Northpointe Bancshares had a return on equity of 14.99% and a net margin of 17.72%.The business had revenue of $64.32 million for the quarter. Analysts anticipate that Northpointe Bancshares, Inc. will post 2.48 earnings per share for the current year.

Northpointe Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. Northpointe Bancshares’s dividend payout ratio is currently 4.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Brean Capital assumed 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. Keefe, Bruyette & Woods decreased their price target on Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northpointe Bancshares in a research note on Friday, May 29th. Piper Sandler upped their price objective on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Finally, Zacks Research downgraded shares of Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.62.

Institutional Trading of Northpointe Bancshares

Several institutional investors and hedge funds have recently modified their holdings of NPB. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Northpointe Bancshares by 122.0% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,694,728 shares of the company’s stock worth $23,235,000 after acquiring an additional 931,240 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Northpointe Bancshares in the 1st quarter valued at approximately $9,908,000. Vanguard Group Inc. boosted its position in Northpointe Bancshares by 84.1% in the third quarter. Vanguard Group Inc. now owns 1,063,156 shares of the company’s stock valued at $18,159,000 after buying an additional 485,525 shares in the last quarter. Millennium Management LLC boosted its position in Northpointe Bancshares by 462.4% in the third quarter. Millennium Management LLC now owns 373,891 shares of the company’s stock valued at $6,386,000 after buying an additional 307,409 shares in the last quarter. Finally, Mendon Capital Advisors Corp grew its stake in shares of Northpointe Bancshares by 86.4% during the first quarter. Mendon Capital Advisors Corp now owns 308,624 shares of the company’s stock worth $5,327,000 after buying an additional 143,010 shares during the last quarter.

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.