Insider Selling: Northpointe Bancshares (NYSE:NPB) Director Sells $72,187.50 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 4,125 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $17.50, for a total transaction of $72,187.50. Following the completion of the sale, the director directly owned 11,225 shares in the company, valued at approximately $196,437.50. This trade represents a 26.87% decrease in their position. The sale was disclosed in a legal filing 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 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 opened at $17.45 on Friday. The firm has a market cap of $603.52 million, a PE ratio of 7.86 and a beta of 0.12. Northpointe Bancshares, Inc. has a 12-month low of $12.86 and a 12-month high of $19.48. 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 company’s fifty day simple moving average is $17.64 and its two-hundred day simple moving average is $17.53.

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). Northpointe Bancshares had a return on equity of 14.80% and a net margin of 17.92%.The firm had revenue of $63.42 million during the quarter. As a group, equities analysts expect that Northpointe Bancshares, Inc. will post 2.72 EPS for the current year.

Northpointe Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Wednesday, April 15th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, April 15th. Northpointe Bancshares’s dividend payout ratio (DPR) is currently 4.50%.

Institutional Investors Weigh In On Northpointe Bancshares

Institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new position in Northpointe Bancshares during the 1st quarter valued at about $26,000. State of Alaska Department of Revenue purchased a new position in Northpointe Bancshares during the 4th quarter valued at about $40,000. State of Wyoming purchased a new position in Northpointe Bancshares during the 2nd quarter valued at about $54,000. Federated Hermes Inc. purchased a new position in Northpointe Bancshares during the 3rd quarter valued at about $82,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in Northpointe Bancshares by 131.2% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,524 shares of the company’s stock valued at $93,000 after acquiring an additional 3,135 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northpointe Bancshares in a research report on Friday, May 29th. Brean Capital assumed coverage on shares of Northpointe Bancshares in a research report on Wednesday, April 22nd. They issued a “neutral” rating and a $20.25 target price for the company. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Northpointe Bancshares has a consensus rating of “Hold” and an average target price 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.