Key Points
- CEO Charles Alan Williams purchased 30,000 Northpointe Bancshares shares at $16.95 each, a $508,500 transaction that increased his direct holdings by 1.3% to 2.34 million shares. He also bought 48,312 additional shares the following day.
- Northpointe reported quarterly EPS of $0.60, missing the $0.68 consensus estimate, while generating $64.32 million in revenue. The stock opened at $16.94, near the lower end of its 52-week range.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $20.62; the company also maintains a quarterly dividend of $0.025 per share, yielding approximately 0.6%.
Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) CEO Charles Alan Williams bought 30,000 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $16.95 per share, for a total transaction of $508,500.00. Following the completion of the acquisition, the chief executive officer directly owned 2,342,650 shares in the company, valued at approximately $39,707,917.50. This trade represents a 1.30% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Charles Alan Williams also recently made the following trade(s):
- On Wednesday, August 26th, Charles Alan Williams purchased 48,312 shares of Northpointe Bancshares stock. The stock was bought at an average cost of $16.95 per share, with a total value of $818,888.40.
Northpointe Bancshares Trading Down 0.1%
Shares of NPB stock opened at $16.94 on Thursday. Northpointe Bancshares, Inc. has a 1-year low of $15.42 and a 1-year high of $19.71. The company has a current ratio of 1.40, a quick ratio of 1.34 and a debt-to-equity ratio of 2.66. The stock has a market cap of $585.79 million, a price-to-earnings ratio of 7.33 and a beta of 0.07. The stock has a 50-day moving average of $17.88 and a 200-day moving average of $17.73.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.60 EPS 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 company had revenue of $64.32 million during the quarter. On average, equities research analysts forecast that Northpointe Bancshares, Inc. will post 2.48 earnings per share for the current year.
Northpointe Bancshares Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Wednesday, July 15th were given a $0.025 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.6%. Northpointe Bancshares's payout ratio is 4.33%.
Hedge Funds Weigh In On Northpointe Bancshares
A number of institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in shares of Northpointe Bancshares in the 1st quarter worth $26,000. State of Wyoming acquired a new stake in Northpointe Bancshares in the 2nd quarter valued at $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Northpointe Bancshares in the 2nd quarter valued at $79,000. Police & Firemen s Retirement System of New Jersey increased its stake in Northpointe Bancshares by 131.2% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,524 shares of the company's stock valued at $93,000 after purchasing an additional 3,135 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new stake in Northpointe Bancshares during the 2nd quarter valued at $97,000.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Zacks Research cut shares of Northpointe Bancshares from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods dropped their target price on shares of Northpointe Bancshares from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Thursday, July 23rd. Piper Sandler upped their price target on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Northpointe Bancshares in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $20.62.
View Our Latest Research Report 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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