David Stevens Hooker Sells 739 Shares of Northpointe Bancshares (NYSE:NPB) Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 739 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $17.52, for a total transaction of $12,947.28. Following the sale, the director owned 11,157 shares in the company, valued at $195,470.64. The trade was a 6.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 Friday, June 5th, David Stevens Hooker sold 285 shares of Northpointe Bancshares stock. The shares were 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 shares were 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

NYSE NPB traded up $0.10 on Friday, reaching $18.43. The company had a trading volume of 219,156 shares, compared to its average volume of 242,969. The company has a quick ratio of 1.38, a current ratio of 1.44 and a debt-to-equity ratio of 2.96. The stock has a market capitalization of $637.45 million, a PE ratio of 8.30 and a beta of 0.12. The firm’s 50 day moving average price is $17.71 and its 200 day moving average price is $17.59. Northpointe Bancshares, Inc. has a 12 month low of $12.86 and a 12 month high of $19.48.

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

Northpointe Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Wednesday, April 15th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, April 15th. Northpointe Bancshares’s dividend payout ratio (DPR) is presently 4.50%.

Analysts Set New Price Targets

NPB has been the subject of a number of recent analyst reports. Brean Capital initiated coverage on shares of Northpointe Bancshares in a research note on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 price target for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northpointe Bancshares in a research note on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.83.

Institutional Investors Weigh In On Northpointe Bancshares

Several large investors have recently added to or reduced their stakes in NPB. Cubist Systematic Strategies LLC purchased a new stake in Northpointe Bancshares in the 1st quarter valued at about $26,000. Goldman Sachs Group Inc. purchased a new stake in Northpointe Bancshares in the 1st quarter valued at about $9,908,000. Jane Street Group LLC purchased a new stake in Northpointe Bancshares in the 1st quarter valued at about $146,000. Geode Capital Management LLC boosted its position in Northpointe Bancshares by 138.9% in the 2nd quarter. Geode Capital Management LLC now owns 234,789 shares of the company’s stock valued at $3,220,000 after buying an additional 136,490 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in Northpointe Bancshares in the 2nd quarter valued at about $776,000.

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.