Key Points
- Director Richard Jeffery Dean sold 57,619 shares on March 9 at an average price of $17.55 for about $1.01 million, trimming his stake by 9.37% to 557,171 shares (SEC filing).
- Northpointe reported quarterly EPS of $0.52, missing estimates by $0.08 while posting $65.14 million in revenue, and currently trades with a market cap of $627.5M and a P/E of 8.74.
- The firm pays a quarterly dividend of $0.025 (annualized $0.10, ~0.5% yield) and carries a consensus analyst rating of Hold with an average price target of $19.63 (Piper Sandler overweight at $20 vs. Weiss Ratings sell).
Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) Director Richard Jeffery Dean sold 57,619 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $17.55, for a total value of $1,011,213.45. Following the completion of the transaction, the director directly owned 557,171 shares in the company, valued at approximately $9,778,351.05. This trade represents a 9.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Northpointe Bancshares Trading Up 2.3%
NYSE:NPB opened at $18.26 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.34 and a debt-to-equity ratio of 2.24. Northpointe Bancshares, Inc. has a 1-year low of $11.43 and a 1-year high of $19.48. The firm has a market capitalization of $627.49 million and a price-to-earnings ratio of 8.74. The business's 50-day moving average price is $17.73 and its two-hundred day moving average price is $17.42.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 20th. The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.08). The company had revenue of $65.14 million during the quarter, compared to the consensus estimate of $64.70 million. Northpointe Bancshares had a net margin of 17.70% and a return on equity of 13.79%.
Northpointe Bancshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 3rd. Investors of record on Thursday, January 15th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, January 15th. Northpointe Bancshares's dividend payout ratio (DPR) is presently 4.78%.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Piper Sandler boosted their target price on Northpointe Bancshares from $19.50 to $20.00 and gave the company an "overweight" rating in a research note on Monday, December 22nd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Northpointe Bancshares in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Northpointe Bancshares currently has a consensus rating of "Hold" and an average price target of $19.63.
View Our Latest Analysis on NPB
Institutional Investors Weigh In On Northpointe Bancshares
A number of hedge funds and other institutional investors have recently made changes to their positions in NPB. Boston Partners boosted its stake in Northpointe Bancshares by 1.5% in the 4th quarter. Boston Partners now owns 41,577 shares of the company's stock worth $698,000 after purchasing an additional 634 shares during the period. Engineers Gate Manager LP boosted its position in Northpointe Bancshares by 2.0% during 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 last quarter. First Trust Advisors LP grew its stake in shares of 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 in the last quarter. SG Americas Securities LLC raised its holdings in shares of Northpointe Bancshares by 11.7% in the fourth quarter. SG Americas Securities LLC now owns 14,236 shares of the company's stock valued at $239,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Northpointe Bancshares during the first quarter worth $26,000.
Northpointe Bancshares Company Profile
(
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.
Further Reading
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