Northpointe Bancshares (NYSE:NPB) Trading 4.1% Higher – Time to Buy?

Shares of Northpointe Bancshares Inc (NYSE:NPB) traded up 4.1% during trading on Thursday . The company traded as high as $14.83 and last traded at $14.82. 65,130 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 123,710 shares. The stock had previously closed at $14.24.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Northpointe Bancshares in a report on Tuesday, March 11th. They issued an “outperform” rating and a $18.00 price objective for the company. Piper Sandler initiated coverage on shares of Northpointe Bancshares in a report on Tuesday, March 11th. They issued an “overweight” rating and a $16.50 price objective for the company.

Northpointe Bancshares Trading Up 0.3 %

Insider Transactions at Northpointe Bancshares

In related news, Director Vlieger Robert W. De II sold 50,819 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $13.56, for a total transaction of $689,105.64. Following the completion of the transaction, the director now owns 760,828 shares of the company’s stock, valued at approximately $10,316,827.68. This trade represents a 6.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles Alan Williams acquired 17,241 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $14.50 per share, with a total value of $249,994.50. Following the transaction, the chief executive officer now directly owns 17,241 shares in the company, valued at $249,994.50. This trade represents a ? increase in their position. The disclosure for this purchase can be found here.

Northpointe Bancshares Company Profile

We are a bank holding company headquartered in Grand Rapids, Michigan and registered under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). We operate our business primarily through our wholly-owned banking subsidiary, Northpointe Bank. We emphasize to our employees and clients that our specialized business lines differentiate us as a business that has the added benefit of being a bank.