David Stevens Hooker Sells 4,125 Shares of Northpointe Bancshares (NYSE:NPB) Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 4,125 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $17.50, for a total transaction of $72,187.50. Following the transaction, the director directly owned 11,225 shares of the company’s stock, valued at approximately $196,437.50. This represents a 26.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

David Stevens Hooker also recently made the following trade(s):

• On Friday, May 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.82, for a total transaction of $133,650.00.

Northpointe Bancshares Price Performance

Shares of NYSE:NPB opened at $17.45 on Friday. The company has a 50 day moving average of $17.64 and a 200 day moving average of $17.53. The stock has a market cap of $603.52 million, a P/E ratio of 7.86 and a beta of 0.12. Northpointe Bancshares, Inc. has a 12 month low of $12.86 and a 12 month high of $19.48. The company has a current ratio of 1.44, a quick ratio of 1.38 and a debt-to-equity ratio of 2.96.

Northpointe Bancshares (NYSE:NPB) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.04). The firm had revenue of $63.42 million for the quarter. Northpointe Bancshares had a net margin of 17.92% and a return on equity of 14.80%. As a group, sell-side analysts forecast that Northpointe Bancshares, Inc. will post 2.72 EPS for the current fiscal year.

Northpointe Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 5th. Investors of record on Wednesday, April 15th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $0.10 annualized dividend and a yield of 0.6%. Northpointe Bancshares’s payout ratio is currently 4.50%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NPB shares. Brean Capital started coverage on shares of Northpointe Bancshares in a research note on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 price objective for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northpointe Bancshares in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Northpointe Bancshares currently has a consensus rating of “Hold” and an average price target of $19.83.

Institutional Investors Weigh In On Northpointe Bancshares

Several hedge funds have recently bought and sold shares of the stock. Mission Wealth Management LP bought a new stake in shares of Northpointe Bancshares in the 3rd quarter worth approximately $3,091,000. JPMorgan Chase & Co. lifted its holdings in shares of Northpointe Bancshares by 118.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,408 shares of the company’s stock worth $2,108,000 after acquiring an additional 66,798 shares during the last quarter. Boothbay Fund Management LLC lifted its holdings in shares of Northpointe Bancshares by 28.0% in the 3rd quarter. Boothbay Fund Management LLC now owns 202,765 shares of the company’s stock worth $3,463,000 after acquiring an additional 44,315 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Northpointe Bancshares in the 4th quarter worth approximately $965,000. Finally, Jacobs Asset Management LLC lifted its holdings in shares of 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.