Jacobs Asset Management LLC Cuts Holdings in Northpointe Bancshares, Inc. $NPB

Jacobs Asset Management LLC lowered its stake in Northpointe Bancshares, Inc. (NYSE:NPB) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 425,000 shares of the company’s stock after selling 50,000 shares during the quarter. Northpointe Bancshares comprises about 4.4% of Jacobs Asset Management LLC’s portfolio, making the stock its 7th biggest holding. Jacobs Asset Management LLC owned 1.23% of Northpointe Bancshares worth $7,336,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Northpointe Bancshares during the 1st quarter worth about $26,000. State of Alaska Department of Revenue bought a new position in shares of Northpointe Bancshares in the fourth quarter valued at approximately $40,000. State of Wyoming bought a new position in shares of Northpointe Bancshares in the second quarter valued at approximately $54,000. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Northpointe Bancshares by 131.2% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,524 shares of the company’s stock valued at $93,000 after acquiring an additional 3,135 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Northpointe Bancshares during the second quarter valued at approximately $79,000.

Analyst Ratings Changes

Several brokerages recently commented on NPB. Weiss Ratings reissued a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. Keefe, Bruyette & Woods lowered their price target on Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday. Brean Capital initiated coverage on Northpointe Bancshares in a research note on Wednesday, April 22nd. They issued a “neutral” rating and a $20.25 price objective on the stock. Finally, Piper Sandler upped their price objective on Northpointe Bancshares from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Northpointe Bancshares has an average rating of “Hold” and an average price target of $20.62.

Insider Transactions at Northpointe Bancshares

In other news, CEO Charles Alan Williams bought 25,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average cost of $17.21 per share, for a total transaction of $430,250.00. Following the completion of the acquisition, the chief executive officer directly owned 2,312,650 shares in the company, valued at $39,800,706.50. This represents a 1.09% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David Stevens Hooker sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $17.82, for a total transaction of $133,650.00. Following the sale, the director owned 11,500 shares in the company, valued at $204,930. This represents a 39.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 22,500 shares of company stock worth $410,141 in the last three months. 18.30% of the stock is currently owned by company insiders.

Northpointe Bancshares Trading Up 0.1%

Northpointe Bancshares stock opened at $17.23 on Friday. The firm has a market cap of $595.95 million and a price-to-earnings ratio of 7.46. Northpointe Bancshares, Inc. has a 1 year low of $14.25 and a 1 year high of $19.71. The firm’s 50 day moving average price is $18.03 and its two-hundred day moving average price is $17.82. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.38 and a current ratio of 1.44.

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). The company had revenue of $64.32 million for the quarter. Northpointe Bancshares had a return on equity of 15.10% and a net margin of 17.72%. On average, research analysts predict that Northpointe Bancshares, Inc. will post 2.63 EPS for the current fiscal year.

Northpointe Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. Northpointe Bancshares’s dividend payout ratio (DPR) 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.