Key Points
- Northpointe Bancshares CEO Charles Alan Williams bought 25,000 shares on May 12 at an average price of $17.21, spending $430,250 and increasing his stake by 1.10% to 2,287,650 shares.
- The company recently reported earnings below expectations, posting $0.62 EPS versus the $0.66 consensus estimate, while revenue came in at $63.42 million.
- Wall Street currently has a cautious view on NPB: the stock carries a consensus “Hold” rating and a consensus price target of $19.83, while shares were down 1.6% and last traded at $16.99.
Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) CEO Charles Alan Williams bought 25,000 shares of the business's stock in a transaction on Tuesday, May 12th. The stock was acquired at an average cost of $17.21 per share, for a total transaction of $430,250.00. Following the completion of the transaction, the chief executive officer owned 2,287,650 shares in the company, valued at $39,370,456.50. This represents a 1.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Charles Alan Williams also recently made the following trade(s):
- On Thursday, February 12th, Charles Alan Williams bought 23,450 shares of Northpointe Bancshares stock. The shares were acquired at an average price of $16.88 per share, with a total value of $395,836.00.
Northpointe Bancshares Stock Down 1.6%
NPB stock opened at $16.99 on Thursday. Northpointe Bancshares, Inc. has a twelve month low of $12.52 and a twelve month high of $19.48. The company has a current ratio of 1.40, a quick ratio of 1.34 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $585.92 million, a P/E ratio of 7.65 and a beta of 0.21. The firm has a 50 day simple moving average of $17.71 and a 200-day simple moving average of $17.41.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.04). Northpointe Bancshares had a net margin of 17.92% and a return on equity of 14.74%. The company had revenue of $63.42 million during the quarter. On average, equities research analysts predict that Northpointe Bancshares, Inc. will post 2.72 earnings per share for the current fiscal year.
Northpointe Bancshares Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Wednesday, April 15th were paid 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 was Wednesday, April 15th. Northpointe Bancshares's dividend payout ratio is 4.50%.
Wall Street Analysts Forecast Growth
Separately, Brean Capital initiated coverage on Northpointe Bancshares in a research note on Wednesday, April 22nd. They issued a "neutral" rating and a $20.25 price target for the company. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.83.
Check Out Our Latest Stock Report on NPB
Institutional Trading of Northpointe Bancshares
A number of large investors have recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Northpointe Bancshares by 2.6% in the 3rd quarter. Wellington Management Group LLP now owns 3,841,773 shares of the company's stock valued at $65,617,000 after purchasing an additional 95,953 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in Northpointe Bancshares by 12.5% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,018,214 shares of the company's stock worth $33,866,000 after purchasing an additional 224,110 shares during the last quarter. Vanguard Group Inc. grew its position in Northpointe Bancshares by 84.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,063,156 shares of the company's stock worth $18,159,000 after purchasing an additional 485,525 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Northpointe Bancshares by 6.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 760,353 shares of the company's stock valued at $12,759,000 after purchasing an additional 45,047 shares during the period. Finally, Jacobs Asset Management LLC increased its stake in shares of Northpointe Bancshares by 2.7% in the fourth quarter. Jacobs Asset Management LLC now owns 475,000 shares of the company's stock valued at $7,970,000 after purchasing an additional 12,500 shares during the period.
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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