Northpointe Bancshares (NYSE:NPB) Director Sells $41,612.70 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 2,351 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $17.70, for a total value of $41,612.70. Following the transaction, the director directly owned 11,000 shares of the company’s stock, valued at approximately $194,700. This represents a 17.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 8th, David Stevens Hooker sold 739 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.52, for a total value of $12,947.28.
• 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 value 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 value of $72,187.50.
• On Friday, May 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.82, for a total value of $133,650.00.

Northpointe Bancshares Stock Up 0.6%

Northpointe Bancshares stock traded up $0.10 during midday trading on Friday, reaching $18.43. The stock had a trading volume of 219,156 shares, compared to its average volume of 242,969. The company has a market capitalization of $637.45 million, a P/E ratio of 8.30 and a beta of 0.12. The company has a current ratio of 1.44, a quick ratio of 1.38 and a debt-to-equity ratio of 2.96. Northpointe Bancshares, Inc. has a 12 month low of $12.86 and a 12 month high of $19.48. The company has a fifty day moving average price of $17.71 and a two-hundred day moving average price of $17.59.

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

Northpointe Bancshares Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NPB. Brean Capital began coverage on shares of Northpointe Bancshares in a 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.83.

Hedge Funds Weigh In On Northpointe Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new position in shares of Northpointe Bancshares during the first quarter valued at approximately $26,000. State of Alaska Department of Revenue bought a new stake in Northpointe Bancshares in the 4th quarter worth approximately $40,000. State of Wyoming bought a new stake in Northpointe Bancshares in the 2nd quarter worth approximately $54,000. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Northpointe Bancshares by 131.2% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,524 shares of the company’s stock worth $93,000 after acquiring an additional 3,135 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Northpointe Bancshares during the 2nd 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.