Northpointe Bancshares, Inc. (NPB) to Distribute Quarterly Dividend of $0.03 on November 4th

Northpointe Bancshares, Inc. (NYSE:NPB) declared a quarterly dividend on Tuesday, October 6th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.03 per share on Wednesday, November 4th. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, October 15th. This is a 20.0% increase from Northpointe Bancshares’s previous quarterly dividend of $0.0250.

Northpointe Bancshares Price Performance

Shares of NYSE:NPB opened at $15.91 on Tuesday. The firm’s 50 day moving average price is $16.56 and its 200-day moving average price is $17.41. The stock has a market capitalization of $550.13 million, a PE ratio of 6.89 and a beta of 0.16. Northpointe Bancshares has a twelve month low of $14.20 and a twelve month high of $19.71. The company has a quick ratio of 1.34, a current ratio of 1.40 and a debt-to-equity ratio of 2.66.

Northpointe Bancshares (NYSE:NPB) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.60 earnings per share (EPS) 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 14.99%. The business had revenue of $64.32 million for the quarter. Equities research analysts expect that Northpointe Bancshares will post 2.44 EPS for the current year.

Insider Transactions at Northpointe Bancshares

In related news, CEO Charles Williams purchased 48,312 shares of Northpointe Bancshares stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average cost of $16.95 per share, with a total value of $818,888.40. Following the transaction, the chief executive officer owned 2,390,962 shares in the company, valued at approximately $40,526,805.90. The trade was a 2.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 18.30% of the company’s stock.

Institutional Investors Weigh In On Northpointe Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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 lifted its stake 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 purchasing an additional 120,554 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Northpointe Bancshares during the 2nd quarter worth about $1,756,000. Segall Bryant & Hamill LLC acquired a new stake in Northpointe Bancshares in the first quarter valued at approximately $1,515,000. Finally, Hsbc Holdings PLC lifted its holdings in Northpointe Bancshares by 22.3% during the first quarter. Hsbc Holdings PLC now owns 80,507 shares of the company’s stock valued at $1,385,000 after purchasing an additional 14,655 shares in the last quarter.

About Northpointe Bancshares

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 and lending services to consumers and businesses.

Northpointe Bank offers residential mortgage products, including loans for home purchases and refinancing, as well as home equity lending. Its deposit products include checking, savings, money market and certificate of deposit accounts. The bank also provides personal and commercial banking services designed to meet the borrowing, cash-management and deposit needs of individuals and businesses.

Through a combination of digital banking capabilities, mortgage lending channels and its physical banking presence, Northpointe serves customers in Michigan and markets across the United States.