Northpointe Bancshares (NYSE:NPB) Reaches New 52-Week High – Time to Buy?

Northpointe Bancshares, Inc. (NYSE:NPB)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $19.48 and last traded at $19.33, with a volume of 248418 shares. The stock had previously closed at $18.22.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NPB shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Northpointe Bancshares in a report on Monday, December 29th. Piper Sandler increased their price target on Northpointe Bancshares from $19.50 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.08.

Northpointe Bancshares Stock Up 4.7%

The firm’s fifty day moving average price is $17.31 and its 200-day moving average price is $16.80. 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 market cap of $655.95 million and a price-to-earnings ratio of 9.13.

Northpointe Bancshares (NYSE:NPB) last released its quarterly earnings results 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). The company had revenue of $65.14 million during the quarter, compared to analyst estimates of $64.70 million. Northpointe Bancshares had a net margin of 17.70% and a return on equity of 13.79%.

Northpointe Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 3rd. Stockholders of record on Thursday, January 15th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, January 15th. Northpointe Bancshares’s dividend payout ratio is presently 6.37%.

Institutional Trading of Northpointe Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of NPB. SG Americas Securities LLC raised its stake in Northpointe Bancshares by 11.7% in the 4th quarter. SG Americas Securities LLC now owns 14,236 shares of the company’s stock valued at $239,000 after acquiring an additional 1,489 shares during the period. JPMorgan Chase & Co. grew its holdings in Northpointe Bancshares by 118.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,408 shares of the company’s stock valued at $2,108,000 after buying an additional 66,798 shares in the last quarter. Voleon Capital Management LP bought a new stake in shares of Northpointe Bancshares in the third quarter valued at about $648,000. PMC FIG Opportunities LLC grew its position in shares of Northpointe Bancshares by 91.7% during the 3rd quarter. PMC FIG Opportunities LLC now owns 130,505 shares of the company’s stock worth $2,229,000 after purchasing an additional 62,430 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Northpointe Bancshares by 462.4% in the 3rd quarter. Millennium Management LLC now owns 373,891 shares of the company’s stock valued at $6,386,000 after acquiring an additional 307,409 shares in the last quarter.

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.