Northpointe Bancshares (NYSE:NPB) CEO Charles Alan Williams Acquires 25,000 Shares of Stock

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Alan Williams purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average cost of $17.21 per share, for a total transaction of $430,250.00. Following the completion of the purchase, the chief executive officer owned 2,287,650 shares in the company, valued at $39,370,456.50. The trade was a 1.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Charles Alan Williams also recently made the following trade(s):

• On Thursday, February 12th, Charles Alan Williams acquired 23,450 shares of Northpointe Bancshares stock. The shares were bought at an average cost of $16.88 per share, with a total value of $395,836.00.

Northpointe Bancshares Trading Down 1.6%

Shares of NPB stock opened at $16.99 on Thursday. The firm has a market cap of $585.92 million, a P/E ratio of 7.65 and a beta of 0.21. Northpointe Bancshares, Inc. has a 1-year low of $12.52 and a 1-year high of $19.48. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.40 and a quick ratio of 1.34. The firm’s 50-day simple moving average is $17.71 and its 200-day simple moving average is $17.41.

Northpointe Bancshares (NYSE:NPB) last released its earnings results on Tuesday, April 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). Northpointe Bancshares had a net margin of 17.92% and a return on equity of 14.74%. The company 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Wednesday, April 15th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, April 15th. Northpointe Bancshares’s dividend payout ratio (DPR) is 4.50%.

Institutional Investors Weigh In On Northpointe Bancshares

Large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in Northpointe Bancshares in the 1st quarter worth $26,000. State of Alaska Department of Revenue acquired a new stake in shares of Northpointe Bancshares during the fourth quarter valued at about $40,000. State of Wyoming purchased a new stake in shares of Northpointe Bancshares during the second quarter worth about $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Northpointe Bancshares during the second quarter worth about $79,000. Finally, Federated Hermes Inc. acquired a new position in shares of Northpointe Bancshares in the third quarter worth about $82,000.

Wall Street Analysts Forecast Growth

Separately, Brean Capital began coverage on Northpointe Bancshares in a research report on Wednesday, April 22nd. They issued a “neutral” rating and a $20.25 target price on the stock. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Northpointe Bancshares has a consensus rating of “Hold” and a consensus price target 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.