Northpointe Bancshares (NYSE:NPB) Director David Stevens Hooker Sells 2,351 Shares

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 2,351 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $17.70, for a total transaction of $41,612.70. Following the transaction, the director owned 11,000 shares in the company, valued at approximately $194,700. The trade was a 17.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 transaction 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 stock was sold at an average price of $17.50, for a total transaction of $72,187.50.
• On Friday, May 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.82, for a total transaction of $133,650.00.

Northpointe Bancshares Trading Up 0.6%

Shares of NPB stock opened at $18.43 on Friday. The firm has a market cap of $637.41 million, a P/E ratio of 8.30 and a beta of 0.12. Northpointe Bancshares, Inc. has a 1-year low of $12.86 and a 1-year high of $19.48. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.44 and a quick ratio of 1.38. The firm’s 50-day simple moving average is $17.73 and its 200-day simple moving average is $17.60.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.62 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 14.80%. The business had revenue of $63.42 million during the quarter. As a group, equities analysts forecast that Northpointe Bancshares, Inc. will post 2.72 EPS for the current year.

Northpointe Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 5th. Investors of record on Wednesday, April 15th were issued a $0.025 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $0.10 annualized dividend and a yield of 0.5%. Northpointe Bancshares’s dividend payout ratio (DPR) is presently 4.50%.

Institutional Trading of Northpointe Bancshares

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Northpointe Bancshares by 118.0% in the third quarter. JPMorgan Chase & Co. now owns 123,408 shares of the company’s stock valued at $2,108,000 after acquiring an additional 66,798 shares in the last quarter. Boothbay Fund Management LLC grew its position in Northpointe Bancshares by 28.0% in the third quarter. Boothbay Fund Management LLC now owns 202,765 shares of the company’s stock valued at $3,463,000 after acquiring an additional 44,315 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Northpointe Bancshares in the third quarter valued at approximately $200,000. Persistent Asset Partners Ltd grew its position in Northpointe Bancshares by 77.8% in the third quarter. Persistent Asset Partners Ltd now owns 41,730 shares of the company’s stock valued at $713,000 after acquiring an additional 18,255 shares in the last quarter. Finally, Strs Ohio grew its position in Northpointe Bancshares by 640.0% in the first quarter. Strs Ohio now owns 14,800 shares of the company’s stock valued at $255,000 after acquiring an additional 12,800 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Brean Capital assumed coverage on shares of Northpointe Bancshares in a report on Wednesday, April 22nd. They issued a “neutral” rating and a $20.25 price target on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.83.

Northpointe Bancshares Company Profile

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.