Northpointe Bancshares (NYSE:NPB) EVP Sells $178,596.22 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) EVP Amy Butler sold 9,911 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $18.02, for a total transaction of $178,596.22. Following the completion of the transaction, the executive vice president owned 6,365 shares in the company, valued at approximately $114,697.30. This trade represents a 60.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Northpointe Bancshares Price Performance

Shares of NYSE NPB opened at $17.20 on Friday. The business’s 50 day moving average is $17.54 and its 200-day moving average is $16.94. The firm has a market cap of $591.16 million and a P/E ratio of 8.23. Northpointe Bancshares, Inc. has a 1-year low of $11.43 and a 1-year high of $19.48. The company has a current ratio of 1.39, a quick ratio of 1.34 and a debt-to-equity ratio of 2.24.

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 firm had revenue of $65.14 million for the quarter, compared to the consensus estimate 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 given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, January 15th. Northpointe Bancshares’s payout ratio is presently 4.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Northpointe Bancshares from $19.50 to $20.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Northpointe Bancshares in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.08.

Hedge Funds Weigh In On Northpointe Bancshares

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in Northpointe Bancshares by 2.6% in the 3rd quarter. Wellington Management Group LLP now owns 3,841,773 shares of the company’s stock valued at $65,617,000 after buying an additional 95,953 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in Northpointe Bancshares by 122.0% during 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 buying an additional 931,240 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Northpointe Bancshares by 84.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,063,156 shares of the company’s stock worth $18,159,000 after acquiring an additional 485,525 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Northpointe Bancshares in the 1st quarter worth about $9,908,000. Finally, Millennium Management LLC grew its holdings in shares of 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 acquiring an additional 307,409 shares in 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.