Northpointe Bancshares (NYSE:NPB) CEO Acquires $771,000.00 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Williams bought 50,000 shares of the stock in a transaction on Friday, October 23rd. The shares were acquired at an average price of $15.42 per share, with a total value of $771,000.00. Following the purchase, the chief executive officer owned 2,525,962 shares of the company’s stock, valued at $38,950,334.04. The trade was a 2.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Charles Alan Williams also recently made the following trade(s):

• On Monday, October 26th, Charles Williams bought 50,000 shares of Northpointe Bancshares stock. The shares were acquired at an average cost of $15.32 per share, for a total transaction of $766,000.00.
• On Wednesday, August 26th, Charles Williams purchased 48,312 shares of Northpointe Bancshares stock. The stock was acquired at an average price of $16.95 per share, for a total transaction of $818,888.40.
• On Tuesday, August 25th, Charles Williams purchased 30,000 shares of Northpointe Bancshares stock. The stock was acquired at an average cost of $16.95 per share, with a total value of $508,500.00.

Northpointe Bancshares Trading Up 0.1%

NYSE NPB opened at $16.20 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.34 and a current ratio of 1.40. Northpointe Bancshares, Inc. has a one year low of $13.80 and a one year high of $19.71. The company has a 50-day simple moving average of $16.14 and a 200-day simple moving average of $17.36. The firm has a market capitalization of $560.20 million, a PE ratio of 7.60 and a beta of 0.16.

Northpointe Bancshares (NYSE:NPB) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.21). Northpointe Bancshares had a return on equity of 13.88% and a net margin of 16.27%. The business had revenue of $55.92 million for the quarter. On average, equities analysts forecast that Northpointe Bancshares, Inc. will post 1.80 earnings per share for the current year.

Northpointe Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. This is a boost from Northpointe Bancshares’s previous quarterly dividend of $0.0250. The ex-dividend date of this dividend is Thursday, October 15th. Northpointe Bancshares’s dividend payout ratio is currently 5.63%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NPB. State of Alaska Department of Revenue increased its stake in shares of Northpointe Bancshares by 62.8% in the third quarter. State of Alaska Department of Revenue now owns 3,920 shares of the company’s stock valued at $57,000 after purchasing an additional 1,512 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Northpointe Bancshares during the second quarter valued at approximately $218,000. Squarepoint Ops LLC bought a new stake in shares of Northpointe Bancshares during the second quarter valued at approximately $765,000. Pale Fire Capital SE boosted its position in shares of Northpointe Bancshares by 29.2% during the second quarter. Pale Fire Capital SE now owns 13,258 shares of the company’s stock worth $254,000 after buying an additional 3,000 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Northpointe Bancshares during the second quarter worth approximately $191,000.

Wall Street Analysts Forecast Growth

NPB has been the topic of several recent research reports. Piper Sandler cut their price target on Northpointe Bancshares from $20.00 to $19.50 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. Weiss Ratings upgraded Northpointe Bancshares from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, September 9th. Keefe, Bruyette & Woods lowered their price objective on Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Finally, Zacks Research raised Northpointe Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.25.

Northpointe Bancshares Company Profile

Northpointe Bancshares, Inc is a bank holding company headquartered in Grand Rapids, Michigan. It operates through Northpointe Bank, a financial institution focused on providing banking products and lending services to individuals, families, and businesses.

Northpointe Bank offers residential mortgage loans, including home purchase and refinancing products, as well as consumer deposit accounts such as checking, savings, and certificates of deposit. The bank also provides commercial banking services and business loans, serving customers through a combination of digital banking capabilities and banking offices.

Founded in 1999, Northpointe Bank serves customers across the United States, with a particular emphasis on mortgage lending and relationship-based banking.