87,755 Shares in Northpointe Bancshares, Inc. $NPB Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC acquired a new stake in shares of Northpointe Bancshares, Inc. (NYSE:NPB) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 87,755 shares of the company’s stock, valued at approximately $1,515,000. Segall Bryant & Hamill LLC owned approximately 0.25% of Northpointe Bancshares as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in Northpointe Bancshares in the first quarter worth approximately $26,000. State of Alaska Department of Revenue bought a new position in shares of Northpointe Bancshares during the 4th quarter valued at $40,000. State of Wyoming bought a new position in shares of Northpointe Bancshares during the 2nd quarter valued at $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Northpointe Bancshares in the 2nd quarter valued at $79,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Northpointe Bancshares by 131.2% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,524 shares of the company’s stock valued at $93,000 after purchasing an additional 3,135 shares during the last quarter.

Insider Activity at Northpointe Bancshares

In other news, Director David Stevens Hooker sold 7,500 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $19.30, for a total value of $144,750.00. Following the sale, the director owned 10,500 shares in the company, valued at approximately $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 accessible through 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 company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were bought 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. This trade represents a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 15,000 shares of company stock valued at $276,491 over the last three months. 18.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Piper Sandler upped their price objective on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northpointe Bancshares in a research report on Friday, May 29th. Keefe, Bruyette & Woods reduced their price target on Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Zacks Research downgraded Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Brean Capital started coverage on Northpointe Bancshares in a report on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 price objective on the stock. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.62.

Northpointe Bancshares Price Performance

NYSE NPB opened at $17.47 on Wednesday. Northpointe Bancshares, Inc. has a twelve month low of $14.49 and a twelve month high of $19.71. 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. The stock has a 50-day simple moving average of $18.02 and a 200 day simple moving average of $17.82.

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 the consensus estimate of $0.68 by ($0.08). The business had revenue of $64.32 million for the quarter. Northpointe Bancshares had a net margin of 17.72% and a return on equity of 15.10%. Research analysts anticipate that Northpointe Bancshares, Inc. will post 2.63 EPS for the current year.

Northpointe Bancshares Announces Dividend

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

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.