Segall Bryant & Hamill LLC Makes New $1.51 Million Investment in Northpointe Bancshares, Inc. $NPB

Segall Bryant & Hamill LLC acquired a new position in shares of Northpointe Bancshares, Inc. (NYSE:NPB) during the 1st quarter, Holdings Channel.com reports. The fund acquired 87,755 shares of the company’s stock, valued at approximately $1,515,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Boston Partners increased its position in shares of Northpointe Bancshares by 1.5% during the fourth quarter. Boston Partners now owns 41,577 shares of the company’s stock valued at $698,000 after purchasing an additional 634 shares during the period. Engineers Gate Manager LP lifted its position in Northpointe Bancshares by 2.0% in the fourth quarter. Engineers Gate Manager LP now owns 39,289 shares of the company’s stock worth $659,000 after purchasing an additional 772 shares during the period. First Trust Advisors LP lifted its position in Northpointe Bancshares by 2.5% in the fourth quarter. First Trust Advisors LP now owns 32,593 shares of the company’s stock worth $547,000 after purchasing an additional 790 shares during the period. SG Americas Securities LLC boosted its stake in Northpointe Bancshares by 11.7% during the fourth quarter. SG Americas Securities LLC now owns 14,236 shares of the company’s stock worth $239,000 after buying an additional 1,489 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Northpointe Bancshares during the first quarter worth $26,000.

Northpointe Bancshares Price Performance

Shares of NPB stock opened at $17.47 on Wednesday. The stock’s fifty day moving average is $18.02 and its 200-day moving average is $17.82. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.38 and a current ratio of 1.44. The stock has a market capitalization of $604.15 million, a PE ratio of 7.56 and a beta of 0.07. Northpointe Bancshares, Inc. has a 52 week low of $14.49 and a 52 week high of $19.71.

Northpointe Bancshares (NYSE:NPB) last announced its earnings results on Tuesday, July 21st. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). Northpointe Bancshares had a net margin of 17.72% and a return on equity of 15.10%. The business had revenue of $64.32 million during the quarter. Equities research analysts expect that Northpointe Bancshares, Inc. will post 2.63 EPS for the current fiscal year.

Northpointe Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. Northpointe Bancshares’s dividend payout ratio is currently 4.33%.

Insider Activity

In related news, CEO Charles Alan Williams acquired 25,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $17.21 per share, for a total transaction of $430,250.00. Following the transaction, the chief executive officer owned 2,312,650 shares of the company’s stock, valued at $39,800,706.50. The trade was a 1.09% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Stevens Hooker sold 7,500 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $19.30, for a total transaction of $144,750.00. Following the completion of the transaction, the director directly owned 10,500 shares of the company’s stock, valued at approximately $202,650. This represents a 41.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,000 shares of company stock valued at $276,491 in the last 90 days. Corporate insiders own 18.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NPB. Brean Capital initiated coverage on shares of Northpointe Bancshares in a report on Wednesday, April 22nd. They issued a “neutral” rating and a $20.25 price target on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. Keefe, Bruyette & Woods decreased their target price on shares of Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Zacks Research cut shares of Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Piper Sandler increased their price target on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.62.

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.