Insider Selling: Northpointe Bancshares (NYSE:NPB) EVP Sells 9,911 Shares of Stock

Northpointe Bancshares, Inc. (NYSE:NPB) EVP Amy Butler sold 9,911 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $18.02, for a total transaction of $178,596.22. Following the completion of the transaction, the executive vice president directly owned 6,365 shares in the company, valued at $114,697.30. This represents a 60.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Northpointe Bancshares Stock Performance

NYSE:NPB traded up $0.09 during mid-day trading on Thursday, reaching $17.48. The stock had a trading volume of 389,764 shares, compared to its average volume of 531,434. Northpointe Bancshares, Inc. has a twelve month low of $11.43 and a twelve month high of $19.48. The business has a 50 day simple moving average of $17.49 and a 200 day simple moving average of $16.90. The firm has a market capitalization of $600.70 million and a price-to-earnings ratio of 8.36. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.34 and a current ratio of 1.39.

Northpointe Bancshares (NYSE:NPB) last issued its earnings results on Tuesday, January 20th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $64.70 million.

Northpointe Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 3rd. Shareholders of record on Thursday, January 15th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, January 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 4.78%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Piper Sandler raised their price objective on shares of Northpointe Bancshares from $19.50 to $20.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Northpointe Bancshares in a research report on Monday, December 29th. 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.08.

Hedge Funds Weigh In On Northpointe Bancshares

Several hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new position in Northpointe Bancshares during the first quarter worth about $26,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Northpointe Bancshares during the 2nd quarter worth approximately $33,000. State of Alaska Department of Revenue purchased a new stake in Northpointe Bancshares in the 4th quarter valued at approximately $40,000. State of Wyoming acquired a new stake in Northpointe Bancshares during the 2nd quarter valued at $54,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Northpointe Bancshares during the second quarter worth $79,000.

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.