David Stevens Hooker Sells 772 Shares of Northpointe Bancshares (NYSE:NPB) Stock

Northpointe Bancshares, Inc. (NYSE:NPB) Director David Stevens Hooker sold 772 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $17.50, for a total transaction of $13,510.00. Following the sale, the director directly owned 10,000 shares in the company, valued at $175,000. The trade was a 7.17% decrease in their position. The sale was disclosed in a document filed 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 Wednesday, July 1st, David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock. The shares were sold at an average price of $19.30, for a total transaction of $144,750.00.
• 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 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 value of $12,947.28.
• 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 transaction 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 transaction of $72,187.50.

Northpointe Bancshares Trading Down 0.9%

Shares of NYSE NPB traded down $0.16 during mid-day trading on Monday, reaching $17.34. 230,834 shares of the company’s stock were exchanged, compared to its average volume of 231,590. The company’s 50-day moving average is $18.01 and its 200-day moving average is $17.75. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.34 and a current ratio of 1.40. Northpointe Bancshares, Inc. has a 52-week low of $15.42 and a 52-week high of $19.71. The firm has a market capitalization of $599.62 million, a price-to-earnings ratio of 7.51 and a beta of 0.07.

Northpointe Bancshares (NYSE:NPB) last posted its earnings results on Tuesday, July 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.08). Northpointe Bancshares had a return on equity of 14.99% and a net margin of 17.72%.The firm had revenue of $64.32 million for the quarter. Analysts expect that Northpointe Bancshares, Inc. will post 2.48 EPS for the current fiscal year.

Northpointe Bancshares Announces Dividend

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

Hedge Funds Weigh In On Northpointe Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in NPB. Cubist Systematic Strategies LLC acquired a new stake in Northpointe Bancshares in the first quarter valued at approximately $26,000. Goldman Sachs Group Inc. acquired a new position in Northpointe Bancshares during the 1st quarter worth approximately $9,908,000. Jane Street Group LLC purchased a new stake in shares of Northpointe Bancshares in the 1st quarter valued at approximately $146,000. Geode Capital Management LLC increased 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 purchasing an additional 136,490 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Northpointe Bancshares in the 2nd quarter valued at $776,000.

Wall Street Analyst Weigh In

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

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.