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

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Alan Williams bought 30,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were acquired at an average price of $16.95 per share, with a total value of $508,500.00. Following the completion of the purchase, the chief executive officer directly owned 2,342,650 shares of the company’s stock, valued at approximately $39,707,917.50. The trade was a 1.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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, for a total transaction of $818,888.40.

Northpointe Bancshares Trading Down 0.1%

Shares of NPB stock opened at $16.94 on Thursday. Northpointe Bancshares, Inc. has a fifty-two week low of $15.42 and a fifty-two week high of $19.71. The stock’s fifty day moving average price is $17.88 and its two-hundred day moving average price is $17.73. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.34 and a current ratio of 1.40. The company has a market cap of $585.79 million, a PE ratio of 7.33 and a beta of 0.07.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). Northpointe Bancshares had a return on equity of 14.99% and a net margin of 17.72%.The business had revenue of $64.32 million for the quarter. Equities analysts predict that Northpointe Bancshares, Inc. will post 2.48 EPS for the current fiscal year.

Northpointe Bancshares Dividend Announcement

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

Wall Street Analyst Weigh In

NPB has been the subject of a number of research reports. Zacks Research cut shares of Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Piper Sandler lifted their price target on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Keefe, Bruyette & Woods lowered their price objective on shares of Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Northpointe Bancshares in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.62.

Institutional Investors Weigh In On Northpointe Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Partners increased its stake in shares of Northpointe Bancshares by 1.5% in the fourth quarter. Boston Partners now owns 41,577 shares of the company’s stock valued at $698,000 after buying an additional 634 shares during the period. Engineers Gate Manager LP grew its holdings 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 acquiring an additional 772 shares during the last quarter. First Trust Advisors LP increased its position in Northpointe Bancshares by 2.5% in the 4th quarter. First Trust Advisors LP now owns 32,593 shares of the company’s stock valued at $547,000 after acquiring an additional 790 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Northpointe Bancshares in the 1st quarter valued at approximately $26,000. Finally, AQR Capital Management LLC raised its stake in shares of Northpointe Bancshares by 10.3% during the fourth quarter. AQR Capital Management LLC now owns 30,216 shares of the company’s stock valued at $507,000 after acquiring an additional 2,819 shares during the last quarter.

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.