Northpointe Bancshares, Inc. (NYSE:NPB) Receives Average Rating of “Hold” from Analysts

Shares of Northpointe Bancshares, Inc. (NYSE:NPB) have received an average rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $21.0833.

Several research firms recently commented on NPB. Keefe, Bruyette & Woods cut their price target on Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Zacks Research lowered Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Piper Sandler upped 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. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northpointe Bancshares in a research note on Wednesday.

Insider Activity

In other news, Director David Stevens Hooker sold 7,500 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $19.30, for a total value of $144,750.00. Following the completion of the sale, the director owned 10,500 shares of the company’s stock, valued at $202,650. This represents a 41.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Alan Williams purchased 48,312 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average price of $16.95 per share, with a total value of $818,888.40. Following the acquisition, the chief executive officer directly owned 2,390,962 shares in the company, valued at approximately $40,526,805.90. The trade was a 2.06% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 15,772 shares of company stock worth $290,001 over the last quarter. 18.30% of the stock is currently owned by company insiders.

Institutional Trading of Northpointe Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of NPB. Cubist Systematic Strategies LLC purchased a new position in Northpointe Bancshares during the first quarter worth about $26,000. State of Alaska Department of Revenue purchased a new stake in shares of Northpointe Bancshares in the 4th quarter valued at approximately $40,000. State of Wyoming purchased a new stake in shares of Northpointe Bancshares in the 2nd quarter valued at approximately $54,000. California State Teachers Retirement System lifted its holdings in shares of Northpointe Bancshares by 393.7% in the 2nd quarter. California State Teachers Retirement System now owns 5,485 shares of the company’s stock worth $105,000 after acquiring an additional 4,374 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Northpointe Bancshares by 131.2% in 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.

Northpointe Bancshares Stock Up 0.1%

Shares of NYSE NPB opened at $17.05 on Monday. Northpointe Bancshares has a 12-month low of $15.42 and a 12-month high of $19.71. The stock has a market cap of $589.62 million, a PE ratio of 7.38 and a beta of 0.07. The company has a current ratio of 1.40, a quick ratio of 1.34 and a debt-to-equity ratio of 2.66. The company has a 50-day moving average of $17.85 and a 200 day moving average of $17.73.

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

Northpointe Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, July 15th. Northpointe Bancshares’s dividend payout ratio (DPR) is presently 4.33%.

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.