Northpointe Bancshares, Inc. (NYSE:NPB) Short Interest Update

Northpointe Bancshares, Inc. (NYSE:NPB) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 320,027 shares, a decline of 31.8% from the November 30th total of 469,140 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 283,451 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 283,451 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NPB. Cubist Systematic Strategies LLC acquired a new position in shares of Northpointe Bancshares during the 1st quarter worth approximately $26,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Northpointe Bancshares in the second quarter valued at $33,000. State of Wyoming bought a new position in shares of Northpointe Bancshares in the second quarter valued at $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Northpointe Bancshares during the second quarter worth $79,000. Finally, Federated Hermes Inc. bought a new stake in Northpointe Bancshares during the third quarter worth $82,000.

Northpointe Bancshares Stock Down 1.3%

NYSE:NPB traded down $0.22 during trading hours on Monday, reaching $16.97. 171,741 shares of the stock were exchanged, compared to its average volume of 345,217. The stock has a market cap of $583.26 million and a PE ratio of 10.81. Northpointe Bancshares has a twelve month low of $11.43 and a twelve month high of $18.85. The firm has a 50 day moving average of $16.85 and a 200 day moving average of $16.35. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.39 and a quick ratio of 1.34.

Northpointe Bancshares (NYSE:NPB) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $64.36 million for the quarter, compared to analyst estimates of $62.17 million. Northpointe Bancshares had a net margin of 16.09% and a return on equity of 12.43%.

Northpointe Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Wednesday, October 15th were given a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.6%. Northpointe Bancshares’s payout ratio is currently 6.37%.

Wall Street Analysts Forecast Growth

NPB has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on shares of Northpointe Bancshares from $19.50 to $20.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Northpointe Bancshares in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.08.

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.