Charles Alan Williams Purchases 14,205 Shares of Northpointe Bancshares (NYSE:NPB) Stock

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Alan Williams bought 14,205 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was bought at an average price of $16.90 per share, for a total transaction of $240,064.50. Following the transaction, the chief executive officer directly owned 31,446 shares of the company’s stock, valued at approximately $531,437.40. This represents a 82.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, February 12th, Charles Alan Williams bought 23,450 shares of Northpointe Bancshares stock. The shares were bought at an average cost of $16.88 per share, for a total transaction of $395,836.00.

Northpointe Bancshares Price Performance

Shares of NYSE:NPB traded up $0.26 during trading on Friday, hitting $17.62. 313,063 shares of the company were exchanged, compared to its average volume of 437,725. Northpointe Bancshares, Inc. has a 1-year low of $11.43 and a 1-year high of $19.48. The company has a market capitalization of $605.34 million and a P/E ratio of 8.43. The company has a quick ratio of 1.34, a current ratio of 1.39 and a debt-to-equity ratio of 2.24. The business’s 50 day moving average is $17.51 and its 200-day moving average is $17.08.

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

Northpointe Bancshares Announces Dividend

The company also recently declared 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 was Thursday, January 15th. Northpointe Bancshares’s payout ratio is 4.78%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Piper Sandler lifted 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.08.

Institutional Trading of Northpointe Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in Northpointe Bancshares during the 1st quarter worth approximately $26,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Northpointe Bancshares in the 2nd quarter valued at $33,000. State of Alaska Department of Revenue acquired a new stake in shares of Northpointe Bancshares during the fourth quarter worth $40,000. State of Wyoming bought a new position in Northpointe Bancshares during the second quarter worth $54,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Northpointe Bancshares during the second quarter worth $79,000.

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.