Amy Butler Sells 6,365 Shares of Northpointe Bancshares (NYSE:NPB) Stock

Northpointe Bancshares, Inc. (NYSE:NPB) EVP Amy Butler sold 6,365 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $17.50, for a total transaction of $111,387.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Northpointe Bancshares Stock Performance

Shares of NYSE:NPB opened at $17.20 on Friday. Northpointe Bancshares, Inc. has a 12 month low of $11.43 and a 12 month high of $19.48. The company has a market cap of $591.16 million and a price-to-earnings ratio of 8.23. 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 50-day moving average price of $17.54 and a 200-day moving average price of $16.92.

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

Northpointe Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 3rd. Shareholders of record on Thursday, January 15th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, January 15th. Northpointe Bancshares’s payout ratio is presently 4.78%.

Institutional Investors Weigh In On Northpointe Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in Northpointe Bancshares during the first quarter valued at about $26,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Northpointe Bancshares during the second quarter worth about $33,000. State of Alaska Department of Revenue purchased a new stake in shares of Northpointe Bancshares during the fourth quarter worth about $40,000. State of Wyoming purchased a new position in Northpointe Bancshares in the 2nd quarter worth approximately $54,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Northpointe Bancshares in the 2nd quarter worth approximately $79,000.

Analyst Ratings Changes

Several research firms recently commented on NPB. Piper Sandler boosted their price objective 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Northpointe Bancshares in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company 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.