Northpointe Bancshares, Inc. (NYSE:NPB) Given Consensus Rating of “Hold” by Brokerages

Shares of Northpointe Bancshares, Inc. (NYSE:NPB) have received an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $20.6250.

NPB has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. Piper Sandler boosted their target price on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Keefe, Bruyette & Woods lowered their target price on shares of Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Finally, Zacks Research lowered shares of Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th.

Northpointe Bancshares Stock Performance

NYSE NPB opened at $17.27 on Monday. 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 has a twelve month low of $15.42 and a twelve month high of $19.71. The business has a 50-day moving average price of $17.94 and a 200-day moving average price of $17.74. The firm has a market cap of $597.20 million, a price-to-earnings ratio of 7.48 and a beta of 0.07.

Northpointe Bancshares (NYSE:NPB) last issued its earnings results on Tuesday, July 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.08). Northpointe Bancshares had a net margin of 17.72% and a return on equity of 14.99%. The business had revenue of $64.32 million for the quarter. As a group, equities research analysts predict that Northpointe Bancshares will post 2.48 EPS for the current fiscal year.

Northpointe Bancshares Announces Dividend

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

Insider Activity at Northpointe Bancshares

In other Northpointe Bancshares news, Director David Stevens Hooker sold 7,500 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $19.30, for a total transaction of $144,750.00. Following the completion of the transaction, the director owned 10,500 shares of the company’s stock, valued at $202,650. This represents a 41.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 15,772 shares of company stock worth $290,001. 18.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Northpointe Bancshares

Hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Northpointe Bancshares by 2.6% in the third quarter. Wellington Management Group LLP now owns 3,841,773 shares of the company’s stock worth $65,617,000 after buying an additional 95,953 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in Northpointe Bancshares by 12.5% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,018,214 shares of the company’s stock valued at $33,866,000 after buying an additional 224,110 shares in the last quarter. Vanguard Group Inc. grew its holdings in Northpointe Bancshares by 84.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,063,156 shares of the company’s stock valued at $18,159,000 after buying an additional 485,525 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Northpointe Bancshares by 6.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 760,353 shares of the company’s stock worth $12,759,000 after acquiring an additional 45,047 shares during the last quarter. Finally, Jacobs Asset Management LLC increased its stake in Northpointe Bancshares by 2.7% in the 4th quarter. Jacobs Asset Management LLC now owns 475,000 shares of the company’s stock worth $7,970,000 after acquiring an additional 12,500 shares during the last quarter.

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.