Northpointe Bancshares (NYSE:NPB) CEO Charles Alan Williams Buys 48,312 Shares of Stock

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Alan Williams bought 48,312 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average cost of $16.95 per share, for a total transaction of $818,888.40. Following the transaction, the chief executive officer directly owned 2,390,962 shares of the company’s stock, valued at $40,526,805.90. The trade was a 2.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, August 25th, Charles Alan Williams bought 30,000 shares of Northpointe Bancshares stock. The shares were purchased at an average price of $16.95 per share, for a total transaction of $508,500.00.

Northpointe Bancshares Stock Performance

NYSE:NPB opened at $16.94 on Thursday. The stock has a market cap of $585.79 million, a P/E ratio of 7.33 and a beta of 0.07. The stock has a 50 day simple moving average of $17.88 and a 200 day simple moving average of $17.73. The company has a current ratio of 1.40, a quick ratio of 1.34 and a debt-to-equity ratio of 2.66. Northpointe Bancshares, Inc. has a 1-year low of $15.42 and a 1-year high of $19.71.

Northpointe Bancshares (NYSE:NPB) last released its quarterly 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 firm had revenue of $64.32 million during the quarter. Research analysts anticipate that Northpointe Bancshares, Inc. will post 2.48 earnings per share for the current year.

Northpointe Bancshares Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new stake in Northpointe Bancshares during the first quarter worth about $26,000. State of Wyoming bought a new position in Northpointe Bancshares in the 2nd quarter valued at about $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Northpointe Bancshares in the 2nd quarter valued at about $79,000. Police & Firemen s Retirement System of New Jersey raised its position in shares of Northpointe Bancshares by 131.2% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 5,524 shares of the company’s stock valued at $93,000 after buying an additional 3,135 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new position in shares of Northpointe Bancshares in the 2nd quarter valued at approximately $97,000.

Analysts Set New Price Targets

Several analysts have weighed in on NPB shares. Piper Sandler lifted their price objective on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Northpointe Bancshares in a research report on Friday, May 29th. 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 cut shares of Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.62.

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.