Maltese Capital Management LLC Reduces Holdings in Northpointe Bancshares, Inc. $NPB

Maltese Capital Management LLC trimmed its stake in shares of Northpointe Bancshares, Inc. (NYSE:NPB) by 34.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 380,800 shares of the company’s stock after selling 204,200 shares during the quarter. Maltese Capital Management LLC’s holdings in Northpointe Bancshares were worth $6,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of NPB. Cubist Systematic Strategies LLC bought a new stake in Northpointe Bancshares during the 1st quarter valued at $26,000. Boston Partners raised its stake in shares of Northpointe Bancshares by 5.8% during the third quarter. Boston Partners now owns 40,943 shares of the company’s stock valued at $699,000 after acquiring an additional 2,259 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Northpointe Bancshares during the second quarter worth about $33,000. State of Wyoming purchased a new stake in shares of Northpointe Bancshares during the second quarter worth about $54,000. Finally, Federated Hermes Inc. bought a new stake in shares of Northpointe Bancshares in the third quarter worth about $82,000.

Insider Buying and Selling at Northpointe Bancshares

In related news, EVP Amy M. Butler sold 9,911 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $18.02, for a total value 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 trade represents a 60.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Alan Williams purchased 23,450 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average price of $16.88 per share, with a total value of $395,836.00. Following the completion of the purchase, the chief executive officer owned 54,896 shares in the company, valued at $926,644.48. This represents a 74.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders sold 73,895 shares of company stock valued at $1,301,197. 18.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on NPB. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Northpointe Bancshares in a research report on Monday, December 29th. Piper Sandler lifted their price objective on Northpointe Bancshares from $19.50 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.63.

Northpointe Bancshares Stock Down 1.3%

NPB stock opened at $17.31 on Tuesday. Northpointe Bancshares, Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $19.48. The company has a market capitalization of $595.08 million and a price-to-earnings ratio of 8.28. The business’s 50 day moving average price is $17.79 and its two-hundred day moving average price is $17.42. 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 released its earnings results on Tuesday, January 20th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). Northpointe Bancshares had a net margin of 17.70% and a return on equity of 13.79%. The firm had revenue of $65.14 million during the quarter, compared to analysts’ expectations of $64.70 million.

Northpointe Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Thursday, January 15th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $0.10 annualized dividend and a yield of 0.6%. Northpointe Bancshares’s dividend payout ratio (DPR) is currently 4.78%.

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.