Key Points
- Northpointe Bancshares director David Stevens Hooker sold 4,125 shares on June 2 at an average price of $17.50, totaling $72,187.50. After the sale, he still held 11,225 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- The stock was up 2.9% and recently opened at $17.34, near its 50-day and 200-day moving averages. Northpointe Bancshares has a market cap of about $599.5 million and a 12-month range of $12.86 to $19.48.
- The company recently reported Q1 earnings of $0.62 per share, missing analyst estimates of $0.66, while revenue came in at $63.42 million. Analysts currently have a Hold consensus on the stock with an average price target of $19.83.
Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) Director David Stevens Hooker sold 4,125 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $17.50, for a total transaction of $72,187.50. Following the sale, the director directly owned 11,225 shares of the company's stock, valued at approximately $196,437.50. This represents a 26.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
David Stevens Hooker also recently made the following trade(s):
- On Friday, May 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.82, for a total transaction of $133,650.00.
Northpointe Bancshares Stock Up 2.9%
Shares of NYSE NPB opened at $17.34 on Friday. Northpointe Bancshares, Inc. has a 12-month low of $12.86 and a 12-month high of $19.48. The stock has a market cap of $599.48 million, a PE ratio of 7.81 and a beta of 0.12. The company has a current ratio of 1.44, a quick ratio of 1.38 and a debt-to-equity ratio of 2.96. The company has a 50-day moving average of $17.63 and a 200 day moving average of $17.53.
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 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 14.80%. The firm had revenue of $63.42 million during the quarter. As a group, sell-side analysts predict that Northpointe Bancshares, Inc. will post 2.72 EPS for the current fiscal year.
Northpointe Bancshares Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Wednesday, April 15th were paid a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $0.10 annualized dividend and a dividend yield of 0.6%. Northpointe Bancshares's dividend payout ratio is 4.50%.
Institutional Trading of Northpointe Bancshares
Hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Northpointe Bancshares in the 1st quarter valued at approximately $26,000. State of Alaska Department of Revenue acquired a new position in shares of Northpointe Bancshares in the 4th quarter worth approximately $40,000. State of Wyoming acquired a new position in shares of Northpointe Bancshares in the 2nd quarter worth approximately $54,000. Federated Hermes Inc. acquired a new position in shares of Northpointe Bancshares in the 3rd quarter worth approximately $82,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Northpointe Bancshares by 131.2% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,524 shares of the company's stock worth $93,000 after acquiring an additional 3,135 shares during the last quarter.
Wall Street Analyst Weigh In
NPB has been the subject of several analyst reports. Brean Capital initiated coverage on shares of Northpointe Bancshares in a research note on Wednesday, April 22nd. They issued a "neutral" rating and a $20.25 price target for the company. Weiss Ratings reissued a "sell (d)" rating on shares of Northpointe Bancshares in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Northpointe Bancshares has an average rating of "Hold" and an average price target of $19.83.
Read Our Latest Stock Analysis on NPB
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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