Northpointe Bancshares, Inc. (NPB) To Go Ex-Dividend on July 15th

Northpointe Bancshares, Inc. (NYSE:NPB) declared a quarterly dividend on Monday, July 6th. Investors of record on Wednesday, July 15th will be given a dividend of 0.025 per share on Tuesday, August 4th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, July 15th.

Northpointe Bancshares Price Performance

Shares of NPB opened at $18.64 on Monday. The company has a market cap of $644.44 million and a price-to-earnings ratio of 8.39. Northpointe Bancshares has a 1-year low of $13.66 and a 1-year high of $19.71. The company’s fifty day simple moving average is $17.86 and its 200 day simple moving average is $17.74. The company has a current ratio of 1.44, a quick ratio of 1.38 and a debt-to-equity ratio of 2.96.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter. On average, research analysts forecast that Northpointe Bancshares will post 2.72 earnings per share for the current fiscal year.

Insider Activity

In other Northpointe Bancshares news, Director David Stevens Hooker sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $19.30, for a total transaction of $144,750.00. Following the completion of the sale, the director directly owned 10,500 shares in the company, valued at $202,650. This trade represents a 41.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Alan Williams bought 25,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $17.21 per share, for a total transaction of $430,250.00. Following the transaction, the chief executive officer directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 22,500 shares of company stock valued at $410,141 in the last ninety days. 18.30% of the stock is currently owned by insiders.

Institutional Trading of Northpointe Bancshares

Several hedge funds have recently added to or reduced their stakes in the company. Boston Partners grew its holdings in Northpointe Bancshares by 1.5% in the 4th quarter. Boston Partners now owns 41,577 shares of the company’s stock valued at $698,000 after buying an additional 634 shares in the last quarter. Engineers Gate Manager LP increased its position in Northpointe Bancshares by 2.0% during the 4th quarter. Engineers Gate Manager LP now owns 39,289 shares of the company’s stock worth $659,000 after buying an additional 772 shares during the period. First Trust Advisors LP lifted its holdings in shares of Northpointe Bancshares by 2.5% during the fourth quarter. First Trust Advisors LP now owns 32,593 shares of the company’s stock worth $547,000 after buying an additional 790 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of 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 bought a new stake in shares of Northpointe Bancshares in the first quarter valued at about $26,000.

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.