Northpointe Bancshares, Inc. Declares Quarterly Dividend of $0.03 (NYSE:NPB)

Northpointe Bancshares, Inc. (NYSE:NPB) declared a quarterly dividend on Monday, October 6th. Stockholders of record on Wednesday, October 15th will be given a dividend of 0.025 per share on Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, October 15th.

Northpointe Bancshares Stock Performance

NYSE:NPB opened at $17.88 on Tuesday. The stock has a 50-day moving average price of $17.02 and a 200 day moving average price of $14.90. Northpointe Bancshares has a 12-month low of $11.43 and a 12-month high of $18.85. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 2.16.

Northpointe Bancshares (NYSE:NPB) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $58.96 million during the quarter, compared to the consensus estimate of $56.92 million.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NPB shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Northpointe Bancshares in a report on Saturday, September 27th. Janney Montgomery Scott started coverage on Northpointe Bancshares in a report on Thursday, August 28th. They issued a “neutral” rating and a $19.25 target price on the stock. Finally, Piper Sandler lifted their price objective on Northpointe Bancshares from $16.50 to $17.50 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Northpointe Bancshares presently has a consensus rating of “Hold” and an average target price of $18.25.

Northpointe Bancshares Company Profile

Northpointe Bancshares, Inc operates as a bank holding company. It offers a nationwide mortgage purchase program, residential mortgage loans, digital deposit banking to retail customers and custodial deposit services. The company was founded by Charles A. Williams in 1998 and is headquartered in Grand Rapids, MI.