Northpointe Bancshares (NYSE:NPB) CEO Charles Alan Williams Acquires 25,000 Shares

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Alan Williams acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average price of $17.21 per share, with a total value of $430,250.00. Following the completion of the transaction, the chief executive officer owned 2,287,650 shares in the company, valued at $39,370,456.50. The trade was a 1.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, February 12th, Charles Alan Williams acquired 23,450 shares of Northpointe Bancshares stock. The stock was acquired at an average cost of $16.88 per share, for a total transaction of $395,836.00.

Northpointe Bancshares Price Performance

Northpointe Bancshares stock traded down $0.28 during midday trading on Wednesday, reaching $16.99. The company’s stock had a trading volume of 119,313 shares, compared to its average volume of 269,363. The company has a current ratio of 1.40, a quick ratio of 1.34 and a debt-to-equity ratio of 2.70. The stock has a market cap of $585.98 million, a PE ratio of 7.65 and a beta of 0.21. Northpointe Bancshares, Inc. has a 52 week low of $12.52 and a 52 week high of $19.48. The business has a 50-day moving average price of $17.73 and a 200-day moving average price of $17.40.

Northpointe Bancshares (NYSE:NPB) last posted its earnings results on Tuesday, April 21st. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.04). Northpointe Bancshares had a return on equity of 14.74% and a net margin of 17.92%.The company had revenue of $63.42 million during the quarter. On average, sell-side analysts predict that Northpointe Bancshares, Inc. will post 2.72 EPS for the current year.

Northpointe Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 5th. Investors of record on Wednesday, April 15th were paid a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $0.10 annualized dividend and a yield of 0.6%. Northpointe Bancshares’s dividend payout ratio is presently 4.50%.

Wall Street Analysts Forecast Growth

Separately, Brean Capital began coverage on shares of Northpointe Bancshares in a research note on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 target price on the stock. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.83.

Institutional Investors Weigh In On Northpointe Bancshares

A number of institutional investors have recently added to or reduced their stakes in the business. Adage Capital Partners GP L.L.C. increased its position in Northpointe Bancshares by 122.0% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,694,728 shares of the company’s stock valued at $23,235,000 after acquiring an additional 931,240 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Northpointe Bancshares during the first quarter worth $9,908,000. Vanguard Group Inc. grew its stake in shares of Northpointe Bancshares by 84.1% in the third quarter. Vanguard Group Inc. now owns 1,063,156 shares of the company’s stock worth $18,159,000 after purchasing an additional 485,525 shares during the last quarter. Millennium Management LLC grew its stake in shares of Northpointe Bancshares by 462.4% in the third quarter. Millennium Management LLC now owns 373,891 shares of the company’s stock worth $6,386,000 after purchasing an additional 307,409 shares during the last quarter. Finally, Algebris UK Ltd. acquired a new stake in Northpointe Bancshares in the third quarter valued at $4,447,000.

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.