Key Points
- Director David Stevens Hooker sold 7,500 shares on May 1 at an average price of $17.82 for $133,650, cutting his stake by 39.47% to 11,500 shares; the sale was disclosed to the SEC and executed under a pre-arranged Rule 10b5-1 plan.
- Northpointe reported quarterly EPS of $0.62 versus $0.66 expected (a miss) on $63.42 million of revenue, and the company has a market cap of about $591 million with a PE ratio of 7.72.
- The firm declared a quarterly dividend of $0.025 ($0.10 annualized, ~0.6% yield); the stock opened at $17.14 (down ~3.9%) and carries a MarketBeat consensus rating of "Hold" with a $19.83 price target.
Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) Director David Stevens Hooker sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $17.82, for a total transaction of $133,650.00. Following the sale, the director owned 11,500 shares of the company's stock, valued at $204,930. This trade represents a 39.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Northpointe Bancshares Trading Down 3.9%
Shares of NPB stock opened at $17.14 on Tuesday. The firm has a 50 day moving average price of $17.78 and a two-hundred day moving average price of $17.38. The company has a quick ratio of 1.34, a current ratio of 1.40 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $591.23 million, a PE ratio of 7.72 and a beta of 0.21. Northpointe Bancshares, Inc. has a 12-month low of $12.52 and a 12-month high of $19.48.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.04). Northpointe Bancshares had a net margin of 17.92% and a return on equity of 14.74%. The business had revenue of $63.42 million during the quarter. As a group, analysts predict that Northpointe Bancshares, Inc. will post 2.72 earnings per share for the current year.
Northpointe Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Wednesday, April 15th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, April 15th. Northpointe Bancshares's payout ratio is presently 4.50%.
Wall Street Analysts Forecast Growth
Separately, Brean Capital assumed coverage on shares of Northpointe Bancshares in a research report on Wednesday, April 22nd. They issued a "neutral" rating and a $20.25 price target for the company. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $19.83.
Get Our Latest Stock Analysis on Northpointe Bancshares
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in Northpointe Bancshares in the first quarter valued at approximately $26,000. State of Alaska Department of Revenue bought a new position in Northpointe Bancshares in the fourth quarter valued at approximately $40,000. State of Wyoming bought a new stake in shares of Northpointe Bancshares during the second quarter worth $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Northpointe Bancshares during the second quarter worth $79,000. Finally, Federated Hermes Inc. bought a new stake in shares of Northpointe Bancshares during the third quarter worth $82,000.
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.
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