Charles Alan Williams Acquires 48,312 Shares of Northpointe Bancshares (NYSE:NPB) Stock

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Alan Williams acquired 48,312 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were purchased at an average cost of $16.95 per share, for a total transaction of $818,888.40. Following the completion of the acquisition, the chief executive officer directly owned 2,390,962 shares in the company, valued at approximately $40,526,805.90. This represents a 2.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Charles Alan Williams also recently made the following trade(s):

• On Tuesday, August 25th, Charles Alan Williams bought 30,000 shares of Northpointe Bancshares stock. The shares were purchased at an average price of $16.95 per share, with a total value of $508,500.00.

Northpointe Bancshares Trading Up 1.3%

Shares of NPB opened at $17.11 on Friday. The company’s fifty day moving average is $17.87 and its 200 day moving average is $17.73. Northpointe Bancshares, Inc. has a fifty-two week low of $15.42 and a fifty-two week high of $19.71. The stock has a market capitalization of $591.87 million, a PE ratio of 7.41 and a beta of 0.07. 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 (NYSE:NPB) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). Northpointe Bancshares had a net margin of 17.72% and a return on equity of 14.99%. The business had revenue of $64.32 million for the quarter. Sell-side analysts expect that Northpointe Bancshares, Inc. will post 2.48 earnings per share for the current fiscal year.

Northpointe Bancshares Announces Dividend

The firm also recently announced 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 was Wednesday, July 15th. Northpointe Bancshares’s dividend payout ratio is currently 4.33%.

Institutional Trading of Northpointe Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its stake in Northpointe Bancshares by 393.7% in the second quarter. California State Teachers Retirement System now owns 5,485 shares of the company’s stock worth $105,000 after purchasing an additional 4,374 shares during the last quarter. Pale Fire Capital SE grew its stake in shares of Northpointe Bancshares by 29.2% during the second quarter. Pale Fire Capital SE now owns 13,258 shares of the company’s stock valued at $254,000 after buying an additional 3,000 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Northpointe Bancshares in the second quarter worth approximately $191,000. Bank of New York Mellon Corp purchased a new stake in shares of Northpointe Bancshares in the second quarter worth approximately $1,756,000. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Northpointe Bancshares during the 1st quarter worth approximately $1,515,000.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reduced 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. Zacks Research downgraded Northpointe Bancshares from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Weiss Ratings restated a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. Finally, Piper Sandler raised their price target 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 research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.08.

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.