David Stevens Hooker Sells 2,351 Shares of Northpointe Bancshares (NYSE:NPB) Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 2,351 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $17.70, for a total transaction of $41,612.70. Following the transaction, the director owned 11,000 shares in the company, valued at approximately $194,700. This trade represents a 17.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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 transaction of $72,187.50.
• 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 transaction of $133,650.00.

Northpointe Bancshares Stock Up 0.6%

Shares of NYSE NPB opened at $18.43 on Friday. The firm’s 50-day simple moving average is $17.73 and its 200 day simple moving average is $17.60. The company has a market cap of $637.41 million, a price-to-earnings ratio of 8.30 and a beta of 0.12. The company has a quick ratio of 1.38, a current ratio of 1.44 and a debt-to-equity ratio of 2.96. Northpointe Bancshares, Inc. has a 12-month low of $12.86 and a 12-month high of $19.48.

Northpointe Bancshares (NYSE:NPB) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.04). The company 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%. On average, research analysts expect that Northpointe Bancshares, Inc. will post 2.72 earnings per share for the current fiscal year.

Northpointe Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 5th. Investors of record on Wednesday, April 15th were given a dividend of $0.025 per share. The ex-dividend date was Wednesday, April 15th. This represents a $0.10 annualized dividend and a yield of 0.5%. Northpointe Bancshares’s dividend payout ratio is 4.50%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NPB. Cubist Systematic Strategies LLC acquired a new position in Northpointe Bancshares during the 1st quarter valued at about $26,000. Goldman Sachs Group Inc. acquired a new stake in shares of Northpointe Bancshares in the 1st quarter valued at approximately $9,908,000. Jane Street Group LLC acquired a new stake in shares of Northpointe Bancshares in the 1st quarter valued at approximately $146,000. Geode Capital Management LLC raised its position in shares of Northpointe Bancshares by 138.9% in the 2nd quarter. Geode Capital Management LLC now owns 234,789 shares of the company’s stock valued at $3,220,000 after acquiring an additional 136,490 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Northpointe Bancshares in the 2nd quarter valued at approximately $776,000.

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.