Insider Selling: Northpointe Bancshares (NYSE:NPB) Director Sells $72,187.50 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 4,125 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $17.50, for a total value of $72,187.50. Following the sale, the director owned 11,225 shares of the company’s stock, valued at approximately $196,437.50. This represents a 26.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 stock was sold at an average price of $17.82, for a total value of $133,650.00.

Northpointe Bancshares Stock Down 3.3%

NPB opened at $16.92 on Thursday. The company has a market capitalization of $585.13 million, a PE ratio of 7.62 and a beta of 0.12. The business has a 50-day moving average of $17.62 and a 200-day moving average of $17.53. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.44 and a quick ratio of 1.38. Northpointe Bancshares, Inc. has a fifty-two week low of $12.86 and a fifty-two week high of $19.48.

Northpointe Bancshares (NYSE:NPB) last released its earnings results on Tuesday, April 21st. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). The firm had revenue of $63.42 million for the quarter. Northpointe Bancshares had a return on equity of 14.80% and a net margin of 17.92%. Equities research analysts forecast that Northpointe Bancshares, Inc. will post 2.72 EPS for the current fiscal year.

Northpointe Bancshares Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Boston Partners increased its holdings in Northpointe Bancshares by 1.5% in the 4th quarter. Boston Partners now owns 41,577 shares of the company’s stock worth $698,000 after purchasing an additional 634 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Northpointe Bancshares by 2.0% in the fourth quarter. Engineers Gate Manager LP now owns 39,289 shares of the company’s stock valued at $659,000 after purchasing an additional 772 shares in the last quarter. First Trust Advisors LP grew its holdings in Northpointe Bancshares by 2.5% during the fourth quarter. First Trust Advisors LP now owns 32,593 shares of the company’s stock worth $547,000 after buying an additional 790 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Northpointe Bancshares by 11.7% during the fourth quarter. SG Americas Securities LLC now owns 14,236 shares of the company’s stock worth $239,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Northpointe Bancshares in the first quarter valued at approximately $26,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NPB shares. Weiss Ratings restated a “sell (d)” rating on shares of Northpointe Bancshares in a research report on Friday, May 29th. Brean Capital started coverage on Northpointe Bancshares in a report on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 target price on the stock. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.83.

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.