Charles Alan Williams Purchases 30,000 Shares of Northpointe Bancshares (NYSE:NPB) Stock

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Alan Williams acquired 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average cost of $16.95 per share, for a total transaction of $508,500.00. Following the purchase, the chief executive officer directly owned 2,342,650 shares in the company, valued at $39,707,917.50. This trade represents a 1.30% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, August 26th, Charles Alan Williams bought 48,312 shares of Northpointe Bancshares stock. The stock was acquired at an average cost of $16.95 per share, with a total value of $818,888.40.

Northpointe Bancshares Stock Up 1.3%

Shares of Northpointe Bancshares stock opened at $17.11 on Friday. Northpointe Bancshares, Inc. has a 1 year low of $15.42 and a 1 year high of $19.71. The business has a 50-day moving average of $17.87 and a two-hundred day moving average of $17.73. The company has a market capitalization of $591.87 million, a P/E ratio of 7.41 and a beta of 0.07. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.40 and a quick ratio of 1.34.

Northpointe Bancshares (NYSE:NPB) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate 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. As a group, equities analysts predict that Northpointe Bancshares, Inc. will post 2.48 EPS for the current year.

Northpointe Bancshares Dividend Announcement

The business also recently announced 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. This represents a $0.10 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, July 15th. Northpointe Bancshares’s dividend payout ratio (DPR) is 4.33%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Zacks Research cut shares of Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Weiss Ratings restated a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. Keefe, Bruyette & Woods cut their price objective 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. Finally, Piper Sandler upped their target price on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Northpointe Bancshares has a consensus rating of “Hold” and an average price target of $21.08.

Institutional Investors Weigh In On Northpointe Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Northpointe Bancshares by 2.6% in the 3rd quarter. Wellington Management Group LLP now owns 3,841,773 shares of the company’s stock valued at $65,617,000 after acquiring an additional 95,953 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Northpointe Bancshares by 12.5% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,018,214 shares of the company’s stock worth $33,866,000 after acquiring an additional 224,110 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Northpointe Bancshares by 84.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,063,156 shares of the company’s stock worth $18,159,000 after acquiring an additional 485,525 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Northpointe Bancshares by 6.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 760,353 shares of the company’s stock valued at $12,759,000 after purchasing an additional 45,047 shares during the last quarter. Finally, Jacobs Asset Management LLC raised its holdings in shares of Northpointe Bancshares by 2.7% in the fourth quarter. Jacobs Asset Management LLC now owns 475,000 shares of the company’s stock valued at $7,970,000 after purchasing an additional 12,500 shares during the last quarter.

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.