Key Points
- Director David Stevens Hooker sold 772 Northpointe Bancshares shares at an average price of $17.50, generating $13,510. The transaction reduced his direct ownership by 7.17% to 10,000 shares and was conducted under a pre-arranged Rule 10b5-1 plan.
- Northpointe Bancshares traded down 0.9% to $17.34, while its latest quarterly earnings of $0.60 per share missed analysts’ $0.68 estimate. The company reported $64.32 million in revenue, a 14.99% return on equity and a 17.72% net margin.
- Analyst sentiment is mixed, with the stock carrying an average “Hold” rating and a consensus price target of $20.62. The company also pays a quarterly dividend of $0.025, equivalent to a 0.6% annualized yield.
Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) Director David Stevens Hooker sold 772 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $17.50, for a total value of $13,510.00. Following the sale, the director directly owned 10,000 shares in the company, valued at approximately $175,000. This trade represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
David Stevens Hooker also recently made the following trade(s):
- On Wednesday, July 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The stock was sold at an average price of $19.30, for a total transaction of $144,750.00.
- On Tuesday, June 9th, David Stevens Hooker sold 2,351 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.70, for a total value of $41,612.70.
- On Monday, June 8th, David Stevens Hooker sold 739 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.52, for a total value of $12,947.28.
- On Friday, June 5th, David Stevens Hooker sold 285 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.52, for a total transaction of $4,993.20.
- On Tuesday, June 2nd, David Stevens Hooker sold 4,125 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.50, for a total transaction of $72,187.50.
Northpointe Bancshares Trading Down 0.9%
NYSE NPB opened at $17.34 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.40 and a debt-to-equity ratio of 2.66. Northpointe Bancshares, Inc. has a twelve month low of $15.42 and a twelve month high of $19.71. The company has a market cap of $599.62 million, a price-to-earnings ratio of 7.51 and a beta of 0.07. The business's fifty day moving average is $18.01 and its 200 day moving average is $17.74.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.08). Northpointe Bancshares had a return on equity of 14.99% and a net margin of 17.72%.The business had revenue of $64.32 million for the quarter. As a group, sell-side analysts expect that Northpointe Bancshares, Inc. will post 2.48 EPS for the current fiscal year.
Northpointe Bancshares Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, July 15th. Northpointe Bancshares's payout ratio is presently 4.33%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on NPB. Brean Capital started 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. Zacks Research cut shares of Northpointe Bancshares from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Piper Sandler raised their target price on Northpointe Bancshares from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, July 2nd. Keefe, Bruyette & Woods decreased their target price on Northpointe Bancshares from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Northpointe Bancshares in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Northpointe Bancshares presently has an average rating of "Hold" and an average target price of $20.62.
Read Our Latest Stock Report on NPB
Institutional Trading of Northpointe Bancshares
Several institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new position in shares of Northpointe Bancshares during the first quarter valued at about $26,000. State of Alaska Department of Revenue purchased a new position in Northpointe Bancshares during the fourth quarter worth about $40,000. State of Wyoming bought a new stake in Northpointe Bancshares in the 2nd quarter worth about $54,000. Police & Firemen s Retirement System of New Jersey grew its position in 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 purchasing an additional 3,135 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Northpointe Bancshares in the 2nd quarter valued at about $79,000.
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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