David Stevens Hooker Sells 739 Shares of Northpointe Bancshares (NYSE:NPB) Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 739 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $17.52, for a total value of $12,947.28. Following the completion of the transaction, the director owned 11,157 shares of the company’s stock, valued at approximately $195,470.64. This represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 value of $41,612.70.
• On Friday, June 5th, David Stevens Hooker sold 285 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.52, for a total value of $4,993.20.
• On Tuesday, June 2nd, David Stevens Hooker sold 4,125 shares of Northpointe Bancshares stock. The shares were sold at an average price of $17.50, for a total value of $72,187.50.
• 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 value of $133,650.00.

Northpointe Bancshares Stock Up 0.6%

NPB stock opened at $18.43 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.44 and a debt-to-equity ratio of 2.96. The business has a 50 day moving average price of $17.73 and a two-hundred day moving average price of $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. Northpointe Bancshares, Inc. has a twelve month low of $12.86 and a twelve month high of $19.48.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly 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 company had revenue of $63.42 million during the quarter. Northpointe Bancshares had a net margin of 17.92% and a return on equity of 14.80%. Analysts anticipate that Northpointe Bancshares, Inc. will post 2.72 EPS for the current fiscal year.

Northpointe Bancshares Announces Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Northpointe Bancshares

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Northpointe Bancshares by 118.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 123,408 shares of the company’s stock worth $2,108,000 after purchasing an additional 66,798 shares during the last quarter. Boothbay Fund Management LLC lifted its holdings in Northpointe Bancshares by 28.0% during the 3rd quarter. Boothbay Fund Management LLC now owns 202,765 shares of the company’s stock worth $3,463,000 after purchasing an additional 44,315 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Northpointe Bancshares during the 3rd quarter worth approximately $200,000. Persistent Asset Partners Ltd lifted its holdings in Northpointe Bancshares by 77.8% during the 3rd quarter. Persistent Asset Partners Ltd now owns 41,730 shares of the company’s stock worth $713,000 after purchasing an additional 18,255 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in Northpointe Bancshares by 1,109.6% during the 1st quarter. Sterling Capital Management LLC now owns 14,310 shares of the company’s stock worth $247,000 after purchasing an additional 13,127 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.