Northpointe Bancshares (NYSE:NPB) Director David Stevens Hooker Sells 772 Shares of Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 772 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $17.50, for a total transaction of $13,510.00. Following the completion of the sale, the director directly owned 10,000 shares in the company, valued at $175,000. This trade represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 shares were sold at an average price of $19.30, for a total value 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 shares were 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 value 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.

Northpointe Bancshares Stock Down 0.9%

Shares of NPB opened at $17.34 on Tuesday. The business’s fifty day moving average price is $18.01 and its two-hundred day moving average price is $17.74. The firm has a market capitalization of $599.62 million, a price-to-earnings ratio of 7.51 and a beta of 0.07. Northpointe Bancshares, Inc. has a 52 week low of $15.42 and a 52 week high of $19.71. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.34 and a current ratio of 1.40.

Northpointe Bancshares (NYSE:NPB) last issued its earnings results on Tuesday, July 21st. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.08). The business had revenue of $64.32 million for the quarter. Northpointe Bancshares had a net margin of 17.72% and a return on equity of 14.99%. On average, analysts predict that Northpointe Bancshares, Inc. will post 2.48 earnings per share for the current year.

Northpointe Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, July 15th. Northpointe Bancshares’s payout ratio is currently 4.33%.

Analysts Set New Price Targets

Several brokerages recently commented on NPB. Keefe, Bruyette & Woods reduced their target price on shares of Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Brean Capital assumed 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 on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Northpointe Bancshares in a research report on Friday, May 29th. Zacks Research downgraded shares of Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Piper Sandler raised their price objective on Northpointe Bancshares from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.62.

Institutional Trading of Northpointe Bancshares

A number of hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new position in Northpointe Bancshares in the 1st quarter valued at $26,000. State of Alaska Department of Revenue bought a new position in Northpointe Bancshares during the 4th quarter worth $40,000. State of Wyoming acquired a new stake in shares of Northpointe Bancshares during the second quarter worth $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Northpointe Bancshares during the second quarter worth $79,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in shares of Northpointe Bancshares by 131.2% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,524 shares of the company’s stock valued at $93,000 after acquiring an additional 3,135 shares during the period.

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.