Northpointe Bancshares (NYSE:NPB) Director David Stevens Hooker Sells 4,125 Shares

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 4,125 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $17.50, for a total value of $72,187.50. Following the completion of the sale, the director owned 11,225 shares of the company’s stock, valued at $196,437.50. This trade represents a 26.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Stevens Hooker also recently made the following trade(s):

• On Friday, May 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.82, for a total value of $133,650.00.

Northpointe Bancshares Stock Down 3.3%

NPB stock opened at $16.92 on Thursday. Northpointe Bancshares, Inc. has a one year low of $12.86 and a one year high of $19.48. The firm has a market cap of $585.13 million, a PE ratio of 7.62 and a beta of 0.12. The firm’s 50 day moving average price is $17.62 and its 200-day moving average price is $17.53. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.38 and a current ratio of 1.44.

Northpointe Bancshares (NYSE:NPB) last released its quarterly earnings results on Tuesday, April 21st. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The firm had revenue of $63.42 million for the quarter. Northpointe Bancshares had a return on equity of 14.80% and a net margin of 17.92%. On average, equities research analysts anticipate that Northpointe Bancshares, Inc. will post 2.72 EPS for the current year.

Northpointe Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 5th. Investors of record on Wednesday, April 15th were paid a dividend of $0.025 per share. The ex-dividend date was Wednesday, April 15th. This represents a $0.10 annualized dividend and a yield of 0.6%. Northpointe Bancshares’s payout ratio is presently 4.50%.

Institutional Investors Weigh In On Northpointe Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Northpointe Bancshares during the 1st quarter worth approximately $26,000. State of Alaska Department of Revenue acquired a new position in shares of Northpointe Bancshares in the fourth quarter worth about $40,000. State of Wyoming acquired a new stake in Northpointe Bancshares during the 2nd quarter worth about $54,000. Federated Hermes Inc. purchased a new position in Northpointe Bancshares during the third quarter valued at approximately $82,000. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in Northpointe Bancshares by 131.2% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,524 shares of the company’s stock valued at $93,000 after buying an additional 3,135 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Brean Capital assumed coverage on Northpointe Bancshares in a report on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 price target on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Northpointe Bancshares currently has a consensus rating of “Hold” and a consensus price target of $19.83.

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.