Insider Selling: Northpointe Bancshares (NYSE:NPB) EVP Sells 9,911 Shares of Stock

Northpointe Bancshares, Inc. (NYSE:NPB) EVP Amy Butler sold 9,911 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $18.02, for a total transaction of $178,596.22. Following the completion of the sale, the executive vice president directly owned 6,365 shares in the company, valued at approximately $114,697.30. This represents a 60.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Northpointe Bancshares Stock Up 0.5%

Shares of Northpointe Bancshares stock traded up $0.09 during trading on Thursday, hitting $17.48. 389,764 shares of the stock were exchanged, compared to its average volume of 531,434. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.39 and a quick ratio of 1.34. The firm’s 50-day moving average price is $17.49 and its 200 day moving average price is $16.90. The stock has a market cap of $600.70 million and a price-to-earnings ratio of 8.36. Northpointe Bancshares, Inc. has a 12-month low of $11.43 and a 12-month high of $19.48.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly earnings results 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). The business had revenue of $65.14 million during the quarter, compared to analyst estimates of $64.70 million. Northpointe Bancshares had a net margin of 17.70% and a return on equity of 13.79%.

Northpointe Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 3rd. Investors of record on Thursday, January 15th will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.10 annualized dividend and a yield of 0.6%. Northpointe Bancshares’s payout ratio is presently 4.78%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NPB shares. Piper Sandler raised their price objective on shares of Northpointe Bancshares from $19.50 to $20.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Northpointe Bancshares in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.08.

Hedge Funds Weigh In On Northpointe Bancshares

A number of institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new stake in Northpointe Bancshares in the 1st quarter valued at $26,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Northpointe Bancshares in the second quarter valued at about $33,000. State of Alaska Department of Revenue acquired a new stake in shares of Northpointe Bancshares during the fourth quarter worth about $40,000. State of Wyoming acquired a new stake in shares of Northpointe Bancshares during the second quarter worth about $54,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Northpointe Bancshares during the second quarter worth about $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.