Northpointe Bancshares (NYSE:NPB) Director Sells $144,750.00 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $19.30, for a total transaction of $144,750.00. Following the transaction, the director directly owned 10,500 shares in the company, valued at $202,650. The trade was a 41.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 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.
• 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 transaction of $133,650.00.

Northpointe Bancshares Price Performance

NPB opened at $18.85 on Friday. 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, Inc. has a 12 month low of $13.66 and a 12 month high of $19.71. The company has a fifty day simple moving average of $17.76 and a 200 day simple moving average of $17.70. The stock has a market cap of $651.97 million and a P/E ratio of 8.49.

Northpointe Bancshares (NYSE:NPB) last posted its earnings results 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. On average, research analysts expect that Northpointe Bancshares, Inc. will post 2.72 EPS for the current year.

Northpointe Bancshares Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. Brean Capital started coverage on shares of Northpointe Bancshares in a report on Wednesday, April 22nd. They issued a “neutral” rating and a $20.25 price target for the company. Finally, Piper Sandler increased 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. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Northpointe Bancshares presently has an average rating of “Hold” and a consensus price target of $20.50.

Institutional Investors Weigh In On Northpointe Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in NPB. Segall Bryant & Hamill LLC acquired a new stake in shares of Northpointe Bancshares in the first quarter valued at about $1,515,000. Bank of America Corp DE boosted its position in Northpointe Bancshares by 126.9% during the first quarter. Bank of America Corp DE now owns 215,544 shares of the company’s stock valued at $3,720,000 after purchasing an additional 120,554 shares during the last quarter. Mendon Capital Advisors Corp grew its stake in Northpointe Bancshares by 86.4% in the first quarter. Mendon Capital Advisors Corp now owns 308,624 shares of the company’s stock valued at $5,327,000 after purchasing an additional 143,010 shares in the last quarter. Pale Fire Capital SE bought a new position in Northpointe Bancshares in the first quarter valued at approximately $177,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Northpointe Bancshares during the 1st quarter worth approximately $172,000.

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.