Northpointe Bancshares (NYSE:NPB) CEO Purchases 30,000 Shares of Stock

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Alan Williams purchased 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was bought at an average cost of $16.95 per share, for a total transaction of $508,500.00. Following the acquisition, the chief executive officer directly owned 2,342,650 shares in the company, valued at approximately $39,707,917.50. The trade was a 1.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, August 26th, Charles Alan Williams acquired 48,312 shares of Northpointe Bancshares stock. The shares were bought at an average price of $16.95 per share, for a total transaction of $818,888.40.

Northpointe Bancshares Price Performance

Shares of NYSE NPB traded down $0.01 during mid-day trading on Wednesday, reaching $16.94. 164,909 shares of the company were exchanged, compared to its average volume of 231,352. Northpointe Bancshares, Inc. has a 52 week low of $15.42 and a 52 week high of $19.71. The company’s 50 day moving average price is $17.90 and its 200 day moving average price is $17.73. The stock has a market capitalization of $585.79 million, a PE ratio of 7.33 and a beta of 0.07. The company has a quick ratio of 1.34, a current ratio of 1.40 and a debt-to-equity ratio of 2.66.

Northpointe Bancshares (NYSE:NPB) last released its earnings results on Tuesday, July 21st. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). Northpointe Bancshares had a net margin of 17.72% and a return on equity of 14.99%. The firm had revenue of $64.32 million during the quarter. Sell-side analysts forecast that Northpointe Bancshares, Inc. will post 2.48 earnings per share for the current fiscal year.

Northpointe Bancshares Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on NPB shares. Weiss Ratings restated a “sell (d)” rating on shares of Northpointe Bancshares in a research report on Friday, May 29th. Piper Sandler increased their price target on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. 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, Keefe, Bruyette & Woods lowered their price objective 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. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.62.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Northpointe Bancshares in the 1st quarter valued at about $26,000. Goldman Sachs Group Inc. bought a new position in Northpointe Bancshares during the 1st quarter worth approximately $9,908,000. Jane Street Group LLC purchased a new position in Northpointe Bancshares in the 1st quarter worth approximately $146,000. Geode Capital Management LLC lifted its position in Northpointe Bancshares by 138.9% in 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 during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in Northpointe Bancshares in the second quarter valued at approximately $776,000.

About Northpointe Bancshares

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.