Hsbc Holdings PLC Acquires 40,207 Shares of Northpointe Bancshares, Inc. $NPB

Hsbc Holdings PLC increased its holdings in shares of Northpointe Bancshares, Inc. (NYSE:NPB) by 156.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 65,852 shares of the company’s stock after acquiring an additional 40,207 shares during the quarter. Hsbc Holdings PLC’s holdings in Northpointe Bancshares were worth $1,102,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NPB. Cubist Systematic Strategies LLC acquired a new position in Northpointe Bancshares in the 1st quarter valued at approximately $26,000. State of Alaska Department of Revenue acquired a new position in shares of Northpointe Bancshares during the fourth quarter worth $40,000. State of Wyoming bought a new stake in shares of Northpointe Bancshares in the second quarter worth $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Northpointe Bancshares in the second quarter worth $79,000. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in 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 purchasing an additional 3,135 shares during the period.

Northpointe Bancshares Stock Performance

Shares of NPB opened at $18.64 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.38 and a debt-to-equity ratio of 2.96. The stock has a market capitalization of $644.54 million and a P/E ratio of 8.40. The firm’s fifty day simple moving average is $17.88 and its two-hundred day simple moving average is $17.75. Northpointe Bancshares, Inc. has a 12 month low of $13.66 and a 12 month high of $19.71.

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

Northpointe Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.10 annualized dividend and a yield of 0.5%. Northpointe Bancshares’s dividend payout ratio (DPR) is currently 4.50%.

Insider Activity at Northpointe Bancshares

In other Northpointe Bancshares news, Director David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $19.30, for a total value of $144,750.00. Following the completion of the sale, the director directly owned 10,500 shares in the company, valued at approximately $202,650. The trade was a 41.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Alan Williams purchased 25,000 shares of the company’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 2,312,650 shares of the company’s stock, valued at approximately $39,800,706.50. This trade represents a 1.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 22,500 shares of company stock valued at $410,141 in the last ninety days. 18.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NPB shares. Piper Sandler raised their target price on Northpointe Bancshares from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Brean Capital assumed coverage on Northpointe Bancshares in a research note on Wednesday, April 22nd. They issued a “neutral” rating and a $20.25 price target for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Northpointe Bancshares in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus 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.