EJF Capital LLC Has $3.09 Million Holdings in Northpointe Bancshares, Inc. $NPB

EJF Capital LLC lowered its position in Northpointe Bancshares, Inc. (NYSE:NPB) by 13.0% during the second quarter, Holdings Channel reports. The firm owned 225,323 shares of the company’s stock after selling 33,610 shares during the period. Northpointe Bancshares comprises 2.5% of EJF Capital LLC’s portfolio, making the stock its 12th largest holding. EJF Capital LLC’s holdings in Northpointe Bancshares were worth $3,089,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of NPB. Charles Schwab Investment Management Inc. bought a new position in Northpointe Bancshares during the first quarter worth $829,000. Russell Investments Group Ltd. acquired a new stake in Northpointe Bancshares during the 1st quarter worth about $2,055,000. Boston Partners bought a new position in shares of Northpointe Bancshares in the 1st quarter worth about $454,000. American Century Companies Inc. acquired a new position in shares of Northpointe Bancshares in the 1st quarter valued at about $7,081,000. Finally, Wellington Management Group LLP acquired a new position in shares of Northpointe Bancshares in the 1st quarter valued at about $47,534,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NPB shares. Janney Montgomery Scott assumed coverage on Northpointe Bancshares in a report on Thursday, August 28th. They issued a “neutral” rating and a $19.25 target price for the company. Piper Sandler lifted their price objective on shares of Northpointe Bancshares from $17.50 to $19.50 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Northpointe Bancshares in a research report on Monday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.92.

Northpointe Bancshares Trading Down 0.4%

Shares of Northpointe Bancshares stock opened at $17.43 on Friday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.34 and a current ratio of 1.39. Northpointe Bancshares, Inc. has a 52 week low of $11.43 and a 52 week high of $18.85. The stock has a 50 day moving average price of $16.81 and a two-hundred day moving average price of $15.99. The stock has a market capitalization of $598.90 million and a PE ratio of 11.10.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The business had revenue of $64.36 million during the quarter, compared to the consensus estimate of $62.17 million. Northpointe Bancshares had a net margin of 16.09% and a return on equity of 12.43%.

Northpointe Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.10 annualized dividend and a dividend yield of 0.6%. Northpointe Bancshares’s payout ratio is presently 6.37%.

Northpointe Bancshares Profile

Northpointe Bancshares, Inc operates as a bank holding company. It offers a nationwide mortgage purchase program, residential mortgage loans, digital deposit banking to retail customers and custodial deposit services. The company was founded by Charles A. Williams in 1998 and is headquartered in Grand Rapids, MI.