Northpointe Bancshares (NYSE:NPB) Director David Stevens Hooker Sells 4,125 Shares

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 4,125 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $17.50, for a total transaction of $72,187.50. Following the completion of the transaction, the director owned 11,225 shares of the company’s stock, valued at approximately $196,437.50. This trade represents a 26.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.82, for a total transaction of $133,650.00.

Northpointe Bancshares Trading Up 2.9%

Shares of Northpointe Bancshares stock opened at $17.34 on Friday. The firm has a 50-day simple moving average of $17.63 and a two-hundred day simple moving average of $17.53. The company has a market cap of $599.48 million, a P/E ratio of 7.81 and a beta of 0.12. Northpointe Bancshares, Inc. has a fifty-two week low of $12.86 and a fifty-two 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.

Northpointe Bancshares (NYSE:NPB) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The firm had revenue of $63.42 million during the quarter. Northpointe Bancshares had a return on equity of 14.80% and a net margin of 17.92%. As a group, equities analysts predict that Northpointe Bancshares, Inc. will post 2.72 earnings per share for the current fiscal year.

Northpointe Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.6%. Northpointe Bancshares’s payout ratio is currently 4.50%.

Institutional Trading of Northpointe Bancshares

Several large investors have recently bought and sold shares of NPB. Adage Capital Partners GP L.L.C. grew its stake in Northpointe Bancshares by 122.0% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,694,728 shares of the company’s stock valued at $23,235,000 after acquiring an additional 931,240 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Northpointe Bancshares during the 1st quarter valued at about $9,908,000. Vanguard Group Inc. grew its stake in 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 acquiring an additional 485,525 shares in the last quarter. Millennium Management LLC grew its stake in Northpointe Bancshares by 462.4% during 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. Finally, Mission Wealth Management LP purchased a new stake in Northpointe Bancshares during the 3rd quarter valued at about $3,091,000.

Analyst Ratings Changes

A number of research firms have recently commented on NPB. Weiss Ratings reissued a “sell (d)” rating on shares of Northpointe Bancshares in a research note on Friday, May 29th. Brean Capital began coverage on shares of Northpointe Bancshares in a research note on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 target price for the company. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.