Northpointe Bancshares (NYSE:NPB) Director Sells $41,612.70 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 2,351 shares of Northpointe Bancshares stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $17.70, for a total value of $41,612.70. Following the completion of the transaction, the director directly owned 11,000 shares in the company, valued at approximately $194,700. This represents a 17.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Stevens Hooker also recently made the following trade(s):

• On Monday, June 8th, David Stevens Hooker sold 739 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.52, for a total value of $12,947.28.
• On Friday, June 5th, David Stevens Hooker sold 285 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.52, for a total value of $4,993.20.
• On Tuesday, June 2nd, David Stevens Hooker sold 4,125 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.50, for a total value of $72,187.50.
• On Friday, May 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.82, for a total value of $133,650.00.

Northpointe Bancshares Price Performance

Shares of NPB opened at $18.43 on Monday. Northpointe Bancshares, Inc. has a 52-week low of $12.86 and a 52-week high of $19.48. 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 business’s 50 day moving average price is $17.73 and its two-hundred day moving average price is $17.60. The firm has a market cap of $637.41 million, a PE ratio of 8.30 and a beta of 0.12.

Northpointe Bancshares (NYSE:NPB) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.04). Northpointe Bancshares had a net margin of 17.92% and a return on equity of 14.80%. The business had revenue of $63.42 million during the quarter. On average, equities analysts anticipate that Northpointe Bancshares, Inc. will post 2.72 EPS for the current year.

Northpointe Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Wednesday, April 15th were paid a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $0.10 annualized dividend and a yield of 0.5%. Northpointe Bancshares’s payout ratio is 4.50%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Northpointe Bancshares by 2.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,841,773 shares of the company’s stock valued at $65,617,000 after buying an additional 95,953 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Northpointe Bancshares by 12.5% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,018,214 shares of the company’s stock valued at $33,866,000 after buying an additional 224,110 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Northpointe Bancshares by 84.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,063,156 shares of the company’s stock valued at $18,159,000 after buying an additional 485,525 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Northpointe Bancshares by 6.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 760,353 shares of the company’s stock valued at $12,759,000 after buying an additional 45,047 shares during the last quarter. Finally, Jacobs Asset Management LLC lifted its position in shares of Northpointe Bancshares by 2.7% during the 4th quarter. Jacobs Asset Management LLC now owns 475,000 shares of the company’s stock valued at $7,970,000 after buying an additional 12,500 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NPB. Weiss Ratings restated a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. Brean Capital began coverage on Northpointe Bancshares in a report on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 price objective for the company. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.83.

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.