Northpointe Bancshares (NYSE:NPB) Posts Earnings Results, Misses Expectations By $0.08 EPS

Northpointe Bancshares (NYSE:NPB) posted its quarterly earnings results on Tuesday. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.08), Zacks reports. Northpointe Bancshares had a return on equity of 13.79% and a net margin of 17.70%.The company had revenue of $65.14 million for the quarter, compared to analyst estimates of $64.70 million.

Northpointe Bancshares Trading Up 0.4%

Northpointe Bancshares stock opened at $18.13 on Thursday. Northpointe Bancshares has a one year low of $11.43 and a one year high of $19.22. The company’s fifty day moving average price is $17.31 and its two-hundred day moving average price is $16.80. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.39 and a quick ratio of 1.34. The company has a market capitalization of $623.13 million and a price-to-earnings ratio of 8.67.

Northpointe Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 3rd. Investors of record on Thursday, January 15th will be issued a $0.025 dividend. The ex-dividend date is Thursday, January 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 6.37%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new position in shares of Northpointe Bancshares in the first quarter valued at approximately $26,000. State of Wyoming acquired a new position in Northpointe Bancshares in the 2nd quarter valued at $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Northpointe Bancshares in the 2nd quarter worth $79,000. New York State Common Retirement Fund bought a new position in Northpointe Bancshares in the 2nd quarter worth $97,000. Finally, Jane Street Group LLC acquired a new position in Northpointe Bancshares during the 1st quarter worth $146,000.

About Northpointe Bancshares

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.