Northpointe Bancshares (NYSE:NPB) Stock: Insider Joseph Long Buys 3,240 Shares

Northpointe Bancshares, Inc. (NYSE:NPB) COO Joseph Long bought 3,240 shares of Northpointe Bancshares stock in a transaction that occurred on Friday, October 23rd. The shares were acquired at an average cost of $15.37 per share, for a total transaction of $49,798.80. Following the acquisition, the chief operating officer owned 3,240 shares in the company, valued at $49,798.80. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Northpointe Bancshares Trading Up 3.2%

NYSE:NPB traded up $0.49 during trading hours on Tuesday, reaching $15.72. The company’s stock had a trading volume of 372,532 shares, compared to its average volume of 242,782. The firm has a market capitalization of $543.60 million, a price-to-earnings ratio of 7.38 and a beta of 0.16. The firm has a 50-day simple moving average of $16.26 and a 200-day simple moving average of $17.39. Northpointe Bancshares, Inc. has a 1 year low of $13.80 and a 1 year high of $19.71. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.34 and a current ratio of 1.40.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.21). Northpointe Bancshares had a return on equity of 13.88% and a net margin of 16.27%. The business had revenue of $55.92 million during the quarter. Research analysts expect that Northpointe Bancshares, Inc. will post 1.80 EPS for the current fiscal year.

Northpointe Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Thursday, October 15th will be issued a $0.03 dividend. This is an increase from Northpointe Bancshares’s previous quarterly dividend of $0.0250. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, October 15th. Northpointe Bancshares’s dividend payout ratio (DPR) is presently 5.63%.

Institutional Investors Weigh In On Northpointe Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the business. Mendon Capital Advisors Corp grew its position in shares of Northpointe Bancshares by 86.4% in the 1st quarter. Mendon Capital Advisors Corp now owns 308,624 shares of the company’s stock worth $5,327,000 after buying an additional 143,010 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Northpointe Bancshares by 126.9% during the first quarter. Bank of America Corp DE now owns 215,544 shares of the company’s stock valued at $3,720,000 after buying an additional 120,554 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Northpointe Bancshares during the second quarter valued at approximately $1,756,000. Segall Bryant & Hamill LLC bought a new position in shares of Northpointe Bancshares during the first quarter valued at approximately $1,515,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Northpointe Bancshares during the fourth quarter valued at approximately $965,000.

Analysts Set New Price Targets

Several brokerages recently commented on NPB. Keefe, Bruyette & Woods decreased their target price on shares of Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Zacks Research raised shares of Northpointe Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings raised shares of Northpointe Bancshares from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, September 9th. Finally, Piper Sandler decreased their price objective on shares of Northpointe Bancshares from $20.00 to $19.50 and set an “overweight” rating on the stock in a research report on Thursday, October 22nd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Northpointe Bancshares presently has an average rating of “Hold” and a consensus target price of $20.25.

Northpointe Bancshares News Summary

Here are the key news stories impacting Northpointe Bancshares this week:

• Positive Sentiment: $30 million stock buyback: Northpointe Bancshares announced a $30 million common-stock repurchase program. Buybacks can support the share price, reduce shares outstanding, and potentially improve future earnings per share. MarketScreener article
• Positive Sentiment: CEO buying signals confidence: CEO Charles Williams purchased 100,000 shares across October 23 and October 26 for approximately $1.54 million. The purchases increased his direct ownership to 2,575,962 shares, aligning management financially with shareholders. InsiderTrades CEO profile
• Positive Sentiment: Additional insider purchases: Director Carrie L. Boer bought 12,000 shares for $184,800, while COO Joseph B. Long purchased 3,240 shares for approximately $49,800. Multiple insiders buying shares at prices near $15.40 may reinforce the perception that NPB is undervalued. SEC director filing
• Negative Sentiment: Fundamental caution remains: Northpointe’s latest reported quarterly earnings missed consensus expectations, so investors may view the buyback and insider buying as support for the valuation while continuing to monitor earnings recovery and credit conditions.

Northpointe Bancshares Company Profile

Northpointe Bancshares, Inc is a bank holding company headquartered in Grand Rapids, Michigan. It operates through Northpointe Bank, a financial institution focused on providing banking products and lending services to individuals, families, and businesses.

Northpointe Bank offers residential mortgage loans, including home purchase and refinancing products, as well as consumer deposit accounts such as checking, savings, and certificates of deposit. The bank also provides commercial banking services and business loans, serving customers through a combination of digital banking capabilities and banking offices.

Founded in 1999, Northpointe Bank serves customers across the United States, with a particular emphasis on mortgage lending and relationship-based banking.