Insider Selling: Northpointe Bancshares (NYSE:NPB) Director Sells $13,510.00 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 772 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $17.50, for a total transaction of $13,510.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $175,000. This trade represents a 7.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The shares were sold at an average price of $19.30, for a total transaction of $144,750.00.
• On Tuesday, June 9th, David Stevens Hooker sold 2,351 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.70, for a total transaction of $41,612.70.
• On Monday, June 8th, David Stevens Hooker sold 739 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.52, for a total transaction of $12,947.28.
• On Friday, June 5th, David Stevens Hooker sold 285 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.52, for a total transaction of $4,993.20.
• On Tuesday, June 2nd, David Stevens Hooker sold 4,125 shares of Northpointe Bancshares stock. The stock was sold at an average price of $17.50, for a total value of $72,187.50.

Northpointe Bancshares Stock Down 0.9%

Shares of NPB traded down $0.16 during midday trading on Monday, hitting $17.34. 230,834 shares of the company’s stock traded hands, compared to its average volume of 231,590. Northpointe Bancshares, Inc. has a 1 year low of $15.42 and a 1 year high of $19.71. The firm’s fifty day moving average is $18.01 and its 200-day moving average is $17.75. The company has a current ratio of 1.40, a quick ratio of 1.34 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $599.62 million, a price-to-earnings ratio of 7.51 and a beta of 0.07.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). Northpointe Bancshares had a return on equity of 14.99% and a net margin of 17.72%.The business had revenue of $64.32 million during the quarter. As a group, sell-side 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 declared a quarterly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Wednesday, July 15th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, July 15th. Northpointe Bancshares’s dividend payout ratio (DPR) is currently 4.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NPB shares. Weiss Ratings restated a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. Zacks Research cut shares of Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. 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 research report on Thursday, July 2nd. Brean Capital assumed coverage on shares of Northpointe Bancshares in a research note on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 price target on the stock. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.62.

Institutional Trading of Northpointe Bancshares

Several large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new position in shares of Northpointe Bancshares during the first quarter worth $26,000. State of Alaska Department of Revenue acquired a new stake in Northpointe Bancshares during the 4th quarter worth about $40,000. State of Wyoming purchased a new position in shares of Northpointe Bancshares during the 2nd quarter valued at about $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Northpointe Bancshares in the 2nd quarter valued at about $79,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Northpointe Bancshares by 131.2% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,524 shares of the company’s stock worth $93,000 after buying an additional 3,135 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.