Northpointe Bancshares (NYSE:NPB) Director David Stevens Hooker Sells 7,500 Shares of Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $19.30, for a total value of $144,750.00. Following the sale, the director owned 10,500 shares of the company’s stock, valued at approximately $202,650. This represents a 41.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 transaction 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 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 shares were sold at an average price of $17.50, for a total value of $72,187.50.
• On Friday, May 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.82, for a total transaction of $133,650.00.

Northpointe Bancshares Price Performance

Northpointe Bancshares stock opened at $18.85 on Friday. The company’s 50 day moving average price is $17.73 and its two-hundred day moving average price is $17.69. The stock has a market cap of $651.97 million and a P/E ratio of 8.49. Northpointe Bancshares, Inc. has a 52 week low of $13.66 and a 52 week high of $19.71. The company has a quick ratio of 1.38, a current ratio of 1.44 and a debt-to-equity ratio of 2.96.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.04). The business had revenue of $63.42 million during the quarter. Northpointe Bancshares had a return on equity of 14.80% and a net margin of 17.92%. On average, equities analysts predict that Northpointe Bancshares, Inc. will post 2.72 earnings per share for the current year.

Northpointe Bancshares Announces Dividend

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

Institutional Trading of Northpointe Bancshares

Large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new stake in shares of Northpointe Bancshares in the 1st quarter worth approximately $26,000. Goldman Sachs Group Inc. purchased a new stake in shares of Northpointe Bancshares in the 1st quarter worth about $9,908,000. Jane Street Group LLC purchased a new stake in Northpointe Bancshares in the first quarter worth about $146,000. Geode Capital Management LLC boosted its position in shares of Northpointe Bancshares by 138.9% during the second quarter. Geode Capital Management LLC now owns 234,789 shares of the company’s stock valued at $3,220,000 after purchasing an additional 136,490 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Northpointe Bancshares in the 2nd quarter worth about $776,000.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NPB shares. Weiss Ratings reissued a “sell (d)” rating on shares of Northpointe Bancshares in a research report on Friday, May 29th. Brean Capital began coverage on Northpointe Bancshares in a research note on Wednesday, April 22nd. They issued a “neutral” rating and a $20.25 target price on the stock. Finally, Piper Sandler raised their price objective on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Northpointe Bancshares presently has an average rating of “Hold” and an average target price of $20.50.

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.