Key Points
- Insider sale: EVP Amy Butler sold 6,365 shares on January 29 at an average price of $17.50, for a total of $111,387.50, as disclosed in an SEC filing.
- Quarterly results: Northpointe reported EPS of $0.52 (missing the $0.60 consensus) with revenue of $65.14 million (slightly above expectations), and posted a 13.79% ROE and 17.7% net margin.
- Dividend & market view: The company announced a $0.025 quarterly dividend (annualized $0.10, ~0.6% yield), its stock trades near $17.48 with a market cap around $600.8M and a PE of 8.36, and analysts hold an average "Hold" rating with a $19.08 consensus target.
Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) EVP Amy Butler sold 6,365 shares of Northpointe Bancshares stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $17.50, for a total transaction of $111,387.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Northpointe Bancshares Trading Up 0.5%
NYSE NPB opened at $17.48 on Friday. Northpointe Bancshares, Inc. has a 52 week low of $11.43 and a 52 week high of $19.48. The company has a 50 day moving average price of $17.52 and a 200 day moving average price of $16.91. The company has a quick ratio of 1.34, a current ratio of 1.39 and a debt-to-equity ratio of 2.24. The firm has a market cap of $600.79 million and a PE ratio of 8.36.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last released its quarterly earnings results on Tuesday, January 20th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.08). The firm had revenue of $65.14 million during the quarter, compared to analysts' expectations of $64.70 million. Northpointe Bancshares had a return on equity of 13.79% and a net margin of 17.70%.
Northpointe Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 3rd. Investors of record on Thursday, January 15th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, January 15th. Northpointe Bancshares's payout ratio is 4.78%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on NPB. Weiss Ratings reissued a "sell (d-)" rating on shares of Northpointe Bancshares in a report on Monday, December 29th. Piper Sandler lifted their target price on shares of Northpointe Bancshares from $19.50 to $20.00 and gave the stock an "overweight" rating in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Northpointe Bancshares currently has an average rating of "Hold" and a consensus target price of $19.08.
Read Our Latest Analysis on Northpointe Bancshares
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Northpointe Bancshares in the first quarter worth about $26,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Northpointe Bancshares in the 2nd quarter worth approximately $33,000. State of Alaska Department of Revenue purchased a new position in Northpointe Bancshares during the 4th quarter worth approximately $40,000. State of Wyoming acquired a new stake in Northpointe Bancshares during the 2nd quarter valued at approximately $54,000. Finally, Federated Hermes Inc. acquired a new stake in Northpointe Bancshares during the 3rd quarter valued at approximately $82,000.
About Northpointe Bancshares
(
Get Free Report)
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.
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