Northpointe Bancshares, Inc. Plans Quarterly Dividend of $0.03 (NYSE:NPB)

Northpointe Bancshares, Inc. (NYSE:NPB) declared a quarterly dividend on Wednesday, April 8th. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.025 per share on Monday, May 4th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, April 15th.

Northpointe Bancshares Price Performance

Shares of NYSE NPB opened at $18.32 on Thursday. The firm has a market capitalization of $631.75 million, a P/E ratio of 8.76 and a beta of 0.23. The company has a quick ratio of 1.34, a current ratio of 1.40 and a debt-to-equity ratio of 2.70. The stock’s 50-day simple moving average is $17.53 and its two-hundred day simple moving average is $17.30. Northpointe Bancshares has a twelve month low of $11.43 and a twelve month high of $19.48.

Northpointe Bancshares (NYSE:NPB) last announced its earnings results on Tuesday, January 20th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). Northpointe Bancshares had a return on equity of 14.00% and a net margin of 17.70%.The business had revenue of $65.14 million during the quarter, compared to the consensus estimate of $64.70 million.

Analyst Ratings Changes

A number of research firms have recently issued reports on NPB. Weiss Ratings reiterated a “sell (d-)” rating on shares of Northpointe Bancshares in a report on Monday, December 29th. Piper Sandler upped their price objective on Northpointe Bancshares from $19.50 to $20.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.63.

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.