Northpointe Bancshares (NYSE:NPB) Director Carrie Boer Acquires 12,000 Shares of Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director Carrie Boer acquired 12,000 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was acquired at an average cost of $15.40 per share, with a total value of $184,800.00. Following the completion of the purchase, the director owned 12,000 shares of the company’s stock, valued at $184,800. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Northpointe Bancshares Stock Up 3.2%

Northpointe Bancshares stock traded up $0.49 during midday trading on Tuesday, hitting $15.72. 372,532 shares of the company’s stock were exchanged, compared to its average volume of 242,782. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.34 and a current ratio of 1.40. Northpointe Bancshares, Inc. has a 12 month low of $13.80 and a 12 month high of $19.71. The firm has a 50-day moving average of $16.26 and a two-hundred day moving average of $17.39. The company has a market cap of $543.60 million, a PE ratio of 7.38 and a beta of 0.16.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.21). Northpointe Bancshares had a net margin of 16.27% and a return on equity of 13.88%. The business had revenue of $55.92 million during the quarter. As a group, analysts expect that Northpointe Bancshares, Inc. will post 1.80 earnings per share for the current fiscal year.

Northpointe Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.03 per share. This is a boost from Northpointe Bancshares’s previous quarterly dividend of $0.0250. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.12 annualized dividend and a yield of 0.8%. Northpointe Bancshares’s payout ratio is 5.63%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mendon Capital Advisors Corp lifted its stake in shares of Northpointe Bancshares by 86.4% during the first quarter. Mendon Capital Advisors Corp now owns 308,624 shares of the company’s stock worth $5,327,000 after buying an additional 143,010 shares during the period. Bank of America Corp DE increased its position in shares of Northpointe Bancshares by 126.9% in the 1st quarter. Bank of America Corp DE now owns 215,544 shares of the company’s stock valued at $3,720,000 after acquiring an additional 120,554 shares during the period. Bank of New York Mellon Corp purchased a new position in Northpointe Bancshares in the 2nd quarter worth $1,756,000. Segall Bryant & Hamill LLC purchased a new position in Northpointe Bancshares in the 1st quarter worth $1,515,000. Finally, Hsbc Holdings PLC raised its stake in Northpointe Bancshares by 22.3% in the 1st quarter. Hsbc Holdings PLC now owns 80,507 shares of the company’s stock worth $1,385,000 after acquiring an additional 14,655 shares during the last quarter.

Trending Headlines about Northpointe Bancshares

Here are the key news stories impacting Northpointe Bancshares this week:

• Positive Sentiment: $30 million stock buyback: Northpointe Bancshares announced a $30 million common-stock repurchase program. Buybacks can support the share price, reduce shares outstanding, and potentially improve future earnings per share. MarketScreener article
• Positive Sentiment: CEO buying signals confidence: CEO Charles Williams purchased 100,000 shares across October 23 and October 26 for approximately $1.54 million. The purchases increased his direct ownership to 2,575,962 shares, aligning management financially with shareholders. InsiderTrades CEO profile
• Positive Sentiment: Additional insider purchases: Director Carrie L. Boer bought 12,000 shares for $184,800, while COO Joseph B. Long purchased 3,240 shares for approximately $49,800. Multiple insiders buying shares at prices near $15.40 may reinforce the perception that NPB is undervalued. SEC director filing
• Negative Sentiment: Fundamental caution remains: Northpointe’s latest reported quarterly earnings missed consensus expectations, so investors may view the buyback and insider buying as support for the valuation while continuing to monitor earnings recovery and credit conditions.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Piper Sandler decreased their target price on shares of Northpointe Bancshares from $20.00 to $19.50 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. Zacks Research raised shares of Northpointe Bancshares from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Weiss Ratings raised shares of Northpointe Bancshares from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Northpointe Bancshares currently has an average rating of “Hold” and an average target price of $20.25.

Northpointe Bancshares Company Profile

Northpointe Bancshares, Inc is a bank holding company headquartered in Grand Rapids, Michigan. It operates through Northpointe Bank, a financial institution focused on providing banking products and lending services to individuals, families, and businesses.

Northpointe Bank offers residential mortgage loans, including home purchase and refinancing products, as well as consumer deposit accounts such as checking, savings, and certificates of deposit. The bank also provides commercial banking services and business loans, serving customers through a combination of digital banking capabilities and banking offices.

Founded in 1999, Northpointe Bank serves customers across the United States, with a particular emphasis on mortgage lending and relationship-based banking.