Insider Buying: Northpointe Bancshares (NYSE:NPB) CEO Acquires $508,500.00 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Alan Williams purchased 30,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average cost of $16.95 per share, with a total value of $508,500.00. Following the purchase, the chief executive officer owned 2,342,650 shares in the company, valued at $39,707,917.50. This represents a 1.30% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Charles Alan Williams also recently made the following trade(s):

• On Wednesday, August 26th, Charles Alan Williams acquired 48,312 shares of Northpointe Bancshares stock. The shares were acquired at an average cost of $16.95 per share, for a total transaction of $818,888.40.

Northpointe Bancshares Price Performance

NYSE NPB opened at $17.05 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.40 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $589.59 million, a PE ratio of 7.38 and a beta of 0.07. The company has a 50 day moving average price of $17.85 and a two-hundred day moving average price of $17.73. Northpointe Bancshares, Inc. has a 12-month low of $15.42 and a 12-month high of $19.71.

Northpointe Bancshares (NYSE:NPB) last posted its earnings results on Tuesday, July 21st. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.08). Northpointe Bancshares had a return on equity of 14.99% and a net margin of 17.72%.The business had revenue of $64.32 million during the quarter. As a group, equities analysts predict that Northpointe Bancshares, Inc. will post 2.48 earnings per share for the current fiscal year.

Northpointe Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th were issued a $0.025 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. Northpointe Bancshares’s dividend payout ratio is currently 4.33%.

Institutional Trading of Northpointe Bancshares

Several large investors have recently modified their holdings of the company. Boston Partners grew its stake in Northpointe Bancshares by 1.5% in the 4th quarter. Boston Partners now owns 41,577 shares of the company’s stock valued at $698,000 after buying an additional 634 shares during the last quarter. Engineers Gate Manager LP raised its holdings in Northpointe Bancshares by 2.0% in the 4th quarter. Engineers Gate Manager LP now owns 39,289 shares of the company’s stock worth $659,000 after acquiring an additional 772 shares during the period. First Trust Advisors LP lifted its position in Northpointe Bancshares by 2.5% during the 4th quarter. First Trust Advisors LP now owns 32,593 shares of the company’s stock worth $547,000 after acquiring an additional 790 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Northpointe Bancshares during the 1st quarter worth $26,000. Finally, AQR Capital Management LLC boosted its holdings in Northpointe Bancshares by 10.3% during the fourth quarter. AQR Capital Management LLC now owns 30,216 shares of the company’s stock valued at $507,000 after acquiring an additional 2,819 shares during the period.

Wall Street Analyst Weigh In

Several research firms have weighed in on NPB. Piper Sandler raised their target price on Northpointe Bancshares from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Zacks Research downgraded Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Northpointe Bancshares in a report on Wednesday. Finally, Keefe, Bruyette & Woods cut their price objective on Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.08.

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.