David Stevens Hooker Sells 7,500 Shares of Northpointe Bancshares (NYSE:NPB) Stock

Key Points

• David Stevens Hooker sold 7,500 shares of Northpointe Bancshares on May 1 at an average price of $17.82 under a pre-arranged Rule 10b5-1 plan, generating $133,650 and reducing his holding by 39.47% to 11,500 shares.
• The company reported quarterly EPS of $0.62, missing the $0.66 consensus with $63.42 million in revenue; Northpointe has a market cap of $591.3M, a P/E of 7.72, and a 52-week range of $12.52–$19.48.
• Northpointe declared a quarterly dividend of $0.025 (annualized $0.10) for a 0.6% yield and 4.5% payout ratio, while analysts hold a consensus "Hold" rating with a $19.83 price target (Brean Capital set a $20.25 neutral target).

Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) Director David Stevens Hooker sold 7,500 shares of Northpointe Bancshares stock in a transaction on Friday, May 1st. The shares were sold at an average price of $17.82, for a total value of $133,650.00. Following the sale, the director directly owned 11,500 shares of the company's stock, valued at $204,930. This represents a 39.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Northpointe Bancshares Price Performance

NYSE:NPB traded down $0.69 during trading hours on Monday, hitting $17.14. 121,196 shares of the company's stock traded hands, compared to its average volume of 281,794. The firm has a market cap of $591.30 million, a P/E ratio of 7.72 and a beta of 0.22. Northpointe Bancshares, Inc. has a 52 week low of $12.52 and a 52 week high of $19.48. The business's fifty day simple moving average is $17.78 and its two-hundred day simple moving average is $17.38. The company has a quick ratio of 1.34, a current ratio of 1.40 and a debt-to-equity ratio of 2.70.

Northpointe Bancshares (NYSE:NPB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.04). The business had revenue of $63.42 million for the quarter. Northpointe Bancshares had a net margin of 17.92% and a return on equity of 14.74%. On average, research analysts anticipate that Northpointe Bancshares, Inc. will post 2.72 earnings per share for the current fiscal year.

Northpointe Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Wednesday, April 15th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.10 annualized dividend and a yield of 0.6%. Northpointe Bancshares's dividend payout ratio (DPR) is currently 4.50%.

Institutional Investors Weigh In On Northpointe Bancshares

A number of large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its position in Northpointe Bancshares by 22.3% during the first quarter. Hsbc Holdings PLC now owns 80,507 shares of the company's stock valued at $1,385,000 after purchasing an additional 14,655 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Northpointe Bancshares during the first quarter valued at about $361,000. Strs Ohio raised its position in Northpointe Bancshares by 640.0% during the first quarter. Strs Ohio now owns 14,800 shares of the company's stock valued at $255,000 after purchasing an additional 12,800 shares in the last quarter. Sterling Capital Management LLC raised its position in Northpointe Bancshares by 1,109.6% during the first quarter. Sterling Capital Management LLC now owns 14,310 shares of the company's stock valued at $247,000 after purchasing an additional 13,127 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in Northpointe Bancshares during the fourth quarter valued at about $965,000.

Analysts Set New Price Targets

Separately, Brean Capital assumed coverage on Northpointe Bancshares in a research report on Wednesday, April 22nd. They set a "neutral" rating and a $20.25 price target on the stock. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Northpointe Bancshares presently has a consensus rating of "Hold" and a consensus price target of $19.83.

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.

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