Northpointe Bancshares (NYSE:NPB) Director Sells $12,947.28 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 739 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $17.52, for a total transaction of $12,947.28. Following the completion of the sale, the director owned 11,157 shares in the company, valued at $195,470.64. This represents a 6.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Tuesday, June 9th, David Stevens Hooker sold 2,351 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.70, for a total transaction of $41,612.70.
• 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 transaction 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 transaction of $72,187.50.
• 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 Stock Performance

NPB traded up $0.10 during trading on Friday, hitting $18.43. The company’s stock had a trading volume of 219,156 shares, compared to its average volume of 242,969. The company has a quick ratio of 1.38, a current ratio of 1.44 and a debt-to-equity ratio of 2.96. Northpointe Bancshares, Inc. has a one year low of $12.86 and a one year high of $19.48. The firm has a market cap of $637.45 million, a PE ratio of 8.30 and a beta of 0.12. The business’s 50 day simple moving average is $17.71 and its 200-day simple moving average is $17.59.

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

Northpointe Bancshares Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Brean Capital assumed coverage on shares of Northpointe Bancshares in a research report on Wednesday, April 22nd. They issued a “neutral” rating and a $20.25 price target on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Northpointe Bancshares in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Northpointe Bancshares has a consensus rating of “Hold” and a consensus price target of $19.83.

Institutional Trading of Northpointe Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new stake in shares of Northpointe Bancshares during the 1st quarter valued at $1,515,000. Bank of America Corp DE raised its position in shares of Northpointe Bancshares by 126.9% during the 1st quarter. Bank of America Corp DE now owns 215,544 shares of the company’s stock valued at $3,720,000 after purchasing an additional 120,554 shares during the period. Mendon Capital Advisors Corp raised its position in shares of Northpointe Bancshares by 86.4% during the 1st quarter. Mendon Capital Advisors Corp now owns 308,624 shares of the company’s stock valued at $5,327,000 after purchasing an additional 143,010 shares during the period. Pale Fire Capital SE bought a new stake in shares of Northpointe Bancshares during the 1st quarter valued at $177,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Northpointe Bancshares during the 1st quarter valued at $172,000.

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.