Insider Buying: Northpointe Bancshares (NYSE:NPB) Director Acquires $184,800.00 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director Carrie Boer bought 12,000 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The shares were purchased at an average cost of $15.40 per share, with a total value of $184,800.00. Following the acquisition, the director directly owned 12,000 shares of the company’s stock, valued at approximately $184,800. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Northpointe Bancshares Stock Performance

NYSE:NPB traded up $0.49 during midday trading on Tuesday, hitting $15.72. The company’s stock had a trading volume of 372,532 shares, 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 firm’s 50 day moving average is $16.26 and its 200-day moving average is $17.39. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.40 and a quick ratio of 1.34. The firm has a market cap of $543.60 million, a P/E ratio of 7.38 and a beta of 0.16.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.39 earnings per share (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 business had revenue of $55.92 million for the quarter. Equities analysts anticipate that Northpointe Bancshares, Inc. will post 1.80 earnings per share for the current fiscal year.

Northpointe Bancshares Increases Dividend

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

Northpointe Bancshares News Roundup

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.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NPB. Mendon Capital Advisors Corp lifted its stake in Northpointe Bancshares by 86.4% in the 1st quarter. Mendon Capital Advisors Corp now owns 308,624 shares of the company’s stock valued at $5,327,000 after buying an additional 143,010 shares in the last quarter. Bank of America Corp DE increased its position in shares of Northpointe Bancshares by 126.9% during the first quarter. Bank of America Corp DE now owns 215,544 shares of the company’s stock worth $3,720,000 after purchasing an additional 120,554 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Northpointe Bancshares in the 2nd quarter valued at $1,756,000. Segall Bryant & Hamill LLC acquired a new position in Northpointe Bancshares in the 1st quarter valued at $1,515,000. Finally, Hsbc Holdings PLC raised its stake in Northpointe Bancshares by 22.3% in the 1st quarter. Hsbc Holdings PLC now owns 80,507 shares of the company’s stock valued at $1,385,000 after purchasing an additional 14,655 shares during the last quarter.

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.