Northpointe Bancshares (NYSE:NPB) CEO Charles Alan Williams Buys 23,450 Shares

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Alan Williams purchased 23,450 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were purchased at an average cost of $16.88 per share, for a total transaction of $395,836.00. Following the completion of the transaction, the chief executive officer directly owned 54,896 shares of the company’s stock, valued at approximately $926,644.48. This represents a 74.57% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Charles Alan Williams also recently made the following trade(s):

• On Wednesday, February 11th, Charles Alan Williams acquired 14,205 shares of Northpointe Bancshares stock. The stock was purchased at an average cost of $16.90 per share, with a total value of $240,064.50.

Northpointe Bancshares Stock Performance

Shares of Northpointe Bancshares stock traded up $0.26 during trading on Friday, hitting $17.62. 313,063 shares of the stock were exchanged, compared to its average volume of 437,725. The company has a current ratio of 1.39, a quick ratio of 1.34 and a debt-to-equity ratio of 2.24. The company has a fifty day moving average price of $17.51 and a 200-day moving average price of $17.08. The stock has a market capitalization of $605.34 million and a price-to-earnings ratio of 8.43. Northpointe Bancshares, Inc. has a 1-year low of $11.43 and a 1-year high of $19.48.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly earnings results on Tuesday, January 20th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). The business had revenue of $65.14 million for the quarter, compared to the consensus estimate of $64.70 million. Northpointe Bancshares had a return on equity of 13.79% and a net margin of 17.70%.

Northpointe Bancshares Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Northpointe Bancshares in the first quarter valued at about $26,000. Goldman Sachs Group Inc. bought a new position in Northpointe Bancshares during the first quarter worth about $9,908,000. Jane Street Group LLC acquired a new stake in Northpointe Bancshares in the 1st quarter worth about $146,000. Zhang Financial LLC bought a new stake in Northpointe Bancshares in the 2nd quarter valued at about $1,384,000. Finally, Boston Partners grew its position in shares of Northpointe Bancshares by 23.0% during the 2nd quarter. Boston Partners now owns 38,684 shares of the company’s stock worth $530,000 after purchasing an additional 7,241 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Northpointe Bancshares Company Profile

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.