Rockefeller Capital Management L.P. Acquires Shares of 57,538 Northpointe Bancshares, Inc. $NPB

Rockefeller Capital Management L.P. acquired a new position in shares of Northpointe Bancshares, Inc. (NYSE:NPB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 57,538 shares of the company’s stock, valued at approximately $965,000.

Several other hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Northpointe Bancshares in the 1st quarter worth $26,000. State of Alaska Department of Revenue acquired a new position in shares of Northpointe Bancshares during the fourth quarter worth about $40,000. State of Wyoming purchased a new position in Northpointe Bancshares during the second quarter worth about $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Northpointe Bancshares during the second quarter worth about $79,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in Northpointe Bancshares by 131.2% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 5,524 shares of the company’s stock valued at $93,000 after purchasing an additional 3,135 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NPB shares. Piper Sandler lifted their price objective on Northpointe Bancshares from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday. Brean Capital assumed coverage on Northpointe Bancshares in a research note on Wednesday, April 22nd. They set a “neutral” rating and a $20.25 target price for the company. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Northpointe Bancshares in a report on Friday, May 29th. One investment 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.50.

Insiders Place Their Bets

In related news, CEO Charles Alan Williams acquired 25,000 shares of the firm’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 purchase, the chief executive officer directly owned 2,312,650 shares in the company, valued at approximately $39,800,706.50. The trade was a 1.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $19.30, for a total value of $144,750.00. Following the sale, the director owned 10,500 shares of the company’s stock, valued at approximately $202,650. This represents a 41.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 22,500 shares of company stock worth $410,141. Corporate insiders own 18.30% of the company’s stock.

Northpointe Bancshares Trading Down 2.4%

Shares of Northpointe Bancshares stock opened at $18.85 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.44 and a quick ratio of 1.38. Northpointe Bancshares, Inc. has a 1 year low of $13.66 and a 1 year high of $19.71. The company has a market capitalization of $651.97 million and a P/E ratio of 8.49. The business has a 50 day moving average price of $17.73 and a 200 day moving average price of $17.69.

Northpointe Bancshares (NYSE:NPB) last announced 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). The company had revenue of $63.42 million for the quarter. Northpointe Bancshares had a net margin of 17.92% and a return on equity of 14.80%. Sell-side analysts anticipate that Northpointe Bancshares, Inc. will post 2.72 EPS for the current fiscal year.

Northpointe Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Wednesday, April 15th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, April 15th. Northpointe Bancshares’s dividend payout ratio is currently 4.50%.

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.