Sei Investments Co. Increases Stock Position in Northpointe Bancshares, Inc. $NPB

Sei Investments Co. grew its holdings in Northpointe Bancshares, Inc. (NYSE:NPB) by 165.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,117 shares of the company’s stock after purchasing an additional 31,220 shares during the quarter. Sei Investments Co. owned approximately 0.15% of Northpointe Bancshares worth $865,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Rockefeller Capital Management L.P. purchased a new stake in Northpointe Bancshares in the 4th quarter valued at approximately $965,000. Hsbc Holdings PLC grew its holdings in Northpointe Bancshares by 156.8% during the 4th quarter. Hsbc Holdings PLC now owns 65,852 shares of the company’s stock valued at $1,102,000 after buying an additional 40,207 shares during the last quarter. Invesco Ltd. purchased a new position in Northpointe Bancshares during the fourth quarter worth $189,000. Man Group plc purchased a new position in Northpointe Bancshares during the fourth quarter worth $187,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Northpointe Bancshares in the fourth quarter worth $176,000.

Insider Transactions at Northpointe Bancshares

In related news, Director David Stevens Hooker sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $19.30, for a total value of $144,750.00. Following the completion of the sale, the director directly owned 10,500 shares in the company, valued at approximately $202,650. The trade was a 41.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,000 shares of company stock valued at $276,491 in the last ninety days. 18.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Keefe, Bruyette & Woods decreased their price objective on Northpointe Bancshares from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Brean Capital initiated coverage on shares of Northpointe Bancshares in a research note on Wednesday, April 22nd. They issued a “neutral” rating and a $20.25 target price for the company. Zacks Research lowered shares of Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northpointe Bancshares in a research note on Friday, May 29th. Finally, Piper Sandler lifted their price target on shares of Northpointe Bancshares from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.62.

Northpointe Bancshares Price Performance

NPB stock opened at $17.41 on Friday. The stock has a market capitalization of $602.04 million, a price-to-earnings ratio of 7.54 and a beta of 0.07. 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 52-week low of $15.42 and a 52-week high of $19.71. The stock’s fifty day simple moving average is $18.01 and its 200-day simple moving average is $17.75.

Northpointe Bancshares (NYSE:NPB) last released its earnings results on Tuesday, July 21st. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.08). Northpointe Bancshares had a net margin of 17.72% and a return on equity of 15.10%. The business had revenue of $64.32 million during the quarter. Equities research analysts expect that Northpointe Bancshares, Inc. will post 2.48 EPS for the current year.

Northpointe Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 4th. Investors of record on Wednesday, July 15th were given a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.10 annualized dividend and a dividend yield of 0.6%. Northpointe Bancshares’s dividend payout ratio (DPR) is currently 4.33%.

About Northpointe Bancshares

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.