Key Points
- CEO Charles Alan Williams bought 14,205 shares on Feb 11 at $16.90 (≈$240,064) and 23,450 shares on Feb 12 at $16.88 (≈$395,836), materially increasing his stake (an 82.39% ownership increase was reported after the first transaction).
- Quarterly results showed EPS of $0.52, missing the $0.60 consensus, while revenue was roughly in line at $65.14 million.
- The stock trades at a P/E of 8.43
Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) CEO Charles Alan Williams purchased 14,205 shares of the business's stock in a transaction dated Wednesday, February 11th. The stock was bought at an average price of $16.90 per share, with a total value of $240,064.50. Following the acquisition, the chief executive officer directly owned 31,446 shares in the company, valued at approximately $531,437.40. This represents a 82.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Charles Alan Williams also recently made the following trade(s):
- On Thursday, February 12th, Charles Alan Williams acquired 23,450 shares of Northpointe Bancshares stock. The shares were bought at an average cost of $16.88 per share, for a total transaction of $395,836.00.
Northpointe Bancshares Stock Performance
NPB opened at $17.62 on Friday. Northpointe Bancshares, Inc. has a 1-year low of $11.43 and a 1-year high of $19.48. The stock has a market cap of $605.43 million and a P/E ratio of 8.43. The stock's 50 day simple moving average is $17.51 and its 200 day simple moving average is $17.09. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.39 and a quick ratio of 1.34.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $64.70 million. Northpointe Bancshares had a return on equity of 13.79% and a net margin of 17.70%.
Northpointe Bancshares Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Thursday, January 15th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, January 15th. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. Northpointe Bancshares's payout ratio is presently 4.78%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Mission Wealth Management LP purchased a new stake in Northpointe Bancshares in the third quarter valued at approximately $3,091,000. Algebris UK Ltd. purchased a new position in Northpointe Bancshares during the third quarter worth approximately $4,447,000. Boston Partners boosted its holdings in Northpointe Bancshares by 23.0% in the second quarter. Boston Partners now owns 38,684 shares of the company's stock valued at $530,000 after acquiring an additional 7,241 shares during the last quarter. Zhang Financial LLC purchased a new position in shares of Northpointe Bancshares in the 2nd quarter worth about $1,384,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Northpointe Bancshares in the 2nd quarter valued at about $370,000.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Northpointe Bancshares in a research report on Monday, December 29th. Piper Sandler boosted their target price on shares of Northpointe Bancshares from $19.50 to $20.00 and gave the company an "overweight" rating in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Northpointe Bancshares has an average rating of "Hold" and a consensus price target of $19.08.
Read Our Latest Research Report on Northpointe Bancshares
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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