Cwm LLC Has $36,000 Holdings in Northpointe Bancshares, Inc. $NPB

Cwm LLC cut its position in shares of Northpointe Bancshares, Inc. (NYSE:NPB) by 95.4% in the third quarter, Holdings Channel reports. The firm owned 2,099 shares of the company’s stock after selling 43,436 shares during the period. Cwm LLC’s holdings in Northpointe Bancshares were worth $36,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. State of Wyoming bought a new stake in shares of Northpointe Bancshares in the 2nd quarter valued at approximately $54,000. Engineers Gate Manager LP acquired a new stake in Northpointe Bancshares in the second quarter valued at approximately $236,000. BNP Paribas Financial Markets acquired a new stake in Northpointe Bancshares in the second quarter valued at approximately $370,000. Bank of America Corp DE grew its position in Northpointe Bancshares by 51.4% in the second quarter. Bank of America Corp DE now owns 38,543 shares of the company’s stock worth $528,000 after acquiring an additional 13,093 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of Northpointe Bancshares by 122.0% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,694,728 shares of the company’s stock worth $23,235,000 after purchasing an additional 931,240 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NPB. Piper Sandler raised their price target on shares of Northpointe Bancshares from $19.50 to $20.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Northpointe Bancshares in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.08.

Northpointe Bancshares Stock Up 0.4%

NPB stock opened at $18.13 on Thursday. The stock has a market capitalization of $623.13 million and a price-to-earnings ratio of 8.67. The company has a 50-day moving average of $17.31 and a two-hundred day moving average of $16.80. Northpointe Bancshares, Inc. has a 52-week low of $11.43 and a 52-week high of $19.22. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.39 and a quick ratio of 1.34.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly earnings data 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). Northpointe Bancshares had a return on equity of 13.79% and a net margin of 17.70%.The business had revenue of $65.14 million for the quarter, compared to analyst estimates of $64.70 million.

Northpointe Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 3rd. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.6%. Northpointe Bancshares’s payout ratio is 6.37%.

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.