Northpointe Bancshares (NYSE:NPB) CEO Charles Alan Williams Purchases 50,000 Shares of Stock

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Williams acquired 50,000 shares of the stock in a transaction dated Monday, October 26th. The stock was acquired at an average cost of $15.32 per share, with a total value of $766,000.00. Following the purchase, the chief executive officer owned 2,575,962 shares of the company’s stock, valued at approximately $39,463,737.84. This trade represents a 1.98% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, October 23rd, Charles Williams purchased 50,000 shares of Northpointe Bancshares stock. The stock was acquired at an average price of $15.42 per share, with a total value of $771,000.00.
• On Wednesday, August 26th, Charles Williams bought 48,312 shares of Northpointe Bancshares stock. The shares were bought at an average cost of $16.95 per share, with a total value of $818,888.40.
• On Tuesday, August 25th, Charles 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 Up 3.2%

NYSE NPB traded up $0.49 on Tuesday, hitting $15.72. 372,532 shares of the stock were exchanged, compared to its average volume of 242,782. Northpointe Bancshares, Inc. has a fifty-two week low of $13.80 and a fifty-two week high of $19.71. The company has a 50-day moving average price of $16.26 and a 200-day moving average price of $17.39. The company has a quick ratio of 1.34, a current ratio of 1.40 and a debt-to-equity ratio of 2.66. The company has a market cap of $543.60 million, a PE ratio of 7.38 and a beta of 0.16.

Northpointe Bancshares (NYSE:NPB) last issued its earnings results on Tuesday, October 20th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.21). Northpointe Bancshares had a return on equity of 13.88% and a net margin of 16.27%. The firm had revenue of $55.92 million for the quarter. Sell-side analysts anticipate that Northpointe Bancshares, Inc. will post 1.80 EPS for the current fiscal year.

Northpointe Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. This is an increase from Northpointe Bancshares’s previous quarterly dividend of $0.0250. Northpointe Bancshares’s payout ratio is currently 5.63%.

Key Northpointe Bancshares News

Here are the key news stories impacting Northpointe Bancshares this week:

• Positive Sentiment: $30 million stock buyback: Northpointe Bancshares announced a $30 million common-stock repurchase program. Buybacks can support the share price, reduce shares outstanding, and potentially improve future earnings per share. MarketScreener article
• Positive Sentiment: CEO buying signals confidence: CEO Charles Williams purchased 100,000 shares across October 23 and October 26 for approximately $1.54 million. The purchases increased his direct ownership to 2,575,962 shares, aligning management financially with shareholders. InsiderTrades CEO profile
• Positive Sentiment: Additional insider purchases: Director Carrie L. Boer bought 12,000 shares for $184,800, while COO Joseph B. Long purchased 3,240 shares for approximately $49,800. Multiple insiders buying shares at prices near $15.40 may reinforce the perception that NPB is undervalued. SEC director filing
• Negative Sentiment: Fundamental caution remains: Northpointe’s latest reported quarterly earnings missed consensus expectations, so investors may view the buyback and insider buying as support for the valuation while continuing to monitor earnings recovery and credit conditions.

Institutional Trading of Northpointe Bancshares

Large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue increased its stake in Northpointe Bancshares by 62.8% in the third quarter. State of Alaska Department of Revenue now owns 3,920 shares of the company’s stock valued at $57,000 after purchasing an additional 1,512 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Northpointe Bancshares during the first quarter worth about $172,000. Pale Fire Capital SE acquired a new stake in shares of Northpointe Bancshares during the first quarter worth about $177,000. WINTON GROUP Ltd acquired a new stake in shares of Northpointe Bancshares during the second quarter worth about $218,000. Finally, Sterling Capital Management LLC grew its holdings in shares of Northpointe Bancshares by 1,109.6% during the first quarter. Sterling Capital Management LLC now owns 14,310 shares of the company’s stock worth $247,000 after buying an additional 13,127 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have commented on NPB shares. Weiss Ratings upgraded shares of Northpointe Bancshares from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, September 9th. Zacks Research raised shares of Northpointe Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Piper Sandler decreased their price objective on shares of Northpointe Bancshares from $20.00 to $19.50 and set an “overweight” rating for the company in a research note on Thursday, October 22nd. Finally, Keefe, Bruyette & Woods dropped their price objective on Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.25.

About Northpointe Bancshares

Northpointe Bancshares, Inc is a bank holding company headquartered in Grand Rapids, Michigan. It operates through Northpointe Bank, a financial institution focused on providing banking products and lending services to individuals, families, and businesses.

Northpointe Bank offers residential mortgage loans, including home purchase and refinancing products, as well as consumer deposit accounts such as checking, savings, and certificates of deposit. The bank also provides commercial banking services and business loans, serving customers through a combination of digital banking capabilities and banking offices.

Founded in 1999, Northpointe Bank serves customers across the United States, with a particular emphasis on mortgage lending and relationship-based banking.