Northpointe Bancshares (NYSE:NPB) CEO Acquires $395,836.00 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Alan Williams bought 23,450 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of $16.88 per share, with a total value of $395,836.00. Following the completion of the transaction, the chief executive officer directly owned 54,896 shares of the company’s stock, valued at $926,644.48. This trade represents a 74.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Charles Alan Williams also recently made the following trade(s):

• On Wednesday, February 11th, Charles Alan Williams purchased 14,205 shares of Northpointe Bancshares stock. The shares were bought at an average cost of $16.90 per share, for a total transaction of $240,064.50.

Northpointe Bancshares Stock Performance

NYSE NPB opened at $17.62 on Monday. The firm has a market capitalization of $605.43 million and a P/E ratio of 8.43. The stock has a 50-day simple moving average of $17.51 and a two-hundred day simple moving average of $17.13. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.34 and a current ratio of 1.39. Northpointe Bancshares, Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $19.48.

Northpointe Bancshares (NYSE:NPB) last issued its earnings results on Tuesday, January 20th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). The company had revenue of $65.14 million during the quarter, compared to analysts’ expectations of $64.70 million. Northpointe Bancshares had a return on equity of 13.79% and a net margin of 17.70%.

Northpointe Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 3rd. Stockholders of record on Thursday, January 15th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, January 15th. Northpointe Bancshares’s payout ratio is 4.78%.

Institutional Trading of Northpointe Bancshares

Institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new position in Northpointe Bancshares in the 1st quarter valued at about $26,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Northpointe Bancshares during the second quarter valued at approximately $33,000. State of Alaska Department of Revenue purchased a new position in shares of Northpointe Bancshares in the fourth quarter valued at approximately $40,000. State of Wyoming acquired a new stake in shares of Northpointe Bancshares in the second quarter worth approximately $54,000. Finally, Federated Hermes Inc. purchased a new stake in shares of Northpointe Bancshares during the third quarter worth approximately $82,000.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NPB shares. 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 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 given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Northpointe Bancshares currently has an average rating of “Hold” and an average target price of $19.08.

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.