Northpointe Bancshares (NYSE:NPB) Director David Stevens Hooker Sells 2,351 Shares

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 2,351 shares of Northpointe Bancshares stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $17.70, for a total transaction of $41,612.70. Following the transaction, the director owned 11,000 shares in the company, valued at approximately $194,700. This trade represents a 17.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 8th, David Stevens Hooker sold 739 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.52, for a total transaction of $12,947.28.
• 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 stock was 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 stock was sold at an average price of $17.82, for a total transaction of $133,650.00.

Northpointe Bancshares Price Performance

Shares of Northpointe Bancshares stock traded up $0.10 during trading hours on Friday, reaching $18.43. The company’s stock had a trading volume of 219,156 shares, compared to its average volume of 242,969. The stock has a market cap of $637.45 million, a P/E ratio of 8.30 and a beta of 0.12. Northpointe Bancshares, Inc. has a one year low of $12.86 and a one year high of $19.48. The firm has a 50 day moving average price of $17.71 and a 200-day moving average price of $17.59. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.44 and a quick ratio of 1.38.

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

Northpointe Bancshares Dividend Announcement

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

Hedge Funds Weigh In On Northpointe Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new position in Northpointe Bancshares during the first quarter valued at $26,000. State of Alaska Department of Revenue acquired a new stake in Northpointe Bancshares during the fourth quarter worth about $40,000. State of Wyoming acquired a new stake in Northpointe Bancshares during the second quarter worth about $54,000. Police & Firemen s Retirement System of New Jersey increased its position in Northpointe Bancshares by 131.2% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,524 shares of the company’s stock worth $93,000 after purchasing an additional 3,135 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Northpointe Bancshares during the second quarter valued at about $79,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NPB shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northpointe Bancshares in a research report on Friday, May 29th. Brean Capital started 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 on the stock. One research 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.83.

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.