Curi RMB Capital LLC Acquires Shares of 200,090 Northpointe Bancshares, Inc. $NPB

Key Points

• Curi RMB Capital LLC acquired 200,090 shares of Northpointe Bancshares, Inc., valued at approximately $2.89 million, during the first quarter.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Northpointe Bancshares, with an average target price of $18.25.
• The company recently announced a $0.025 quarterly dividend for shareholders, representing an annualized yield of 0.5%.

Curi RMB Capital LLC bought a new stake in Northpointe Bancshares, Inc. (NYSE:NPB - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 200,090 shares of the company's stock, valued at approximately $2,889,000. Curi RMB Capital LLC owned 0.66% of Northpointe Bancshares at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NPB. Charles Schwab Investment Management Inc. bought a new position in Northpointe Bancshares in the first quarter worth approximately $829,000. Jacobs Asset Management LLC acquired a new stake in shares of Northpointe Bancshares in the 1st quarter worth about $8,998,000. Boston Partners bought a new position in Northpointe Bancshares in the 1st quarter valued at about $454,000. Wellington Management Group LLP acquired a new position in Northpointe Bancshares during the 1st quarter valued at about $47,534,000. Finally, Russell Investments Group Ltd. bought a new stake in Northpointe Bancshares during the 1st quarter worth approximately $2,055,000.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Piper Sandler lifted their target price on Northpointe Bancshares from $16.50 to $17.50 and gave the company an "overweight" rating in a research report on Monday, July 28th. Janney Montgomery Scott assumed coverage on shares of Northpointe Bancshares in a report on Thursday, August 28th. They set a "neutral" rating and a $19.25 price objective on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $18.25.

Northpointe Bancshares Price Performance

Shares of NPB stock traded up $0.31 during trading on Thursday, hitting $18.44. The company's stock had a trading volume of 162,735 shares, compared to its average volume of 177,763. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.32 and a current ratio of 1.39. The business has a fifty day moving average of $15.99 and a 200-day moving average of $14.46. Northpointe Bancshares, Inc. has a 52 week low of $11.43 and a 52 week high of $18.78.

Northpointe Bancshares (NYSE:NPB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.51 EPS for the quarter, hitting analysts' consensus estimates of $0.51. The business had revenue of $58.96 million for the quarter, compared to the consensus estimate of $56.92 million.

Northpointe Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 4th. Investors of record on Tuesday, July 15th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 15th.

About Northpointe Bancshares

Northpointe Bancshares, Inc operates as a bank holding company. It offers a nationwide mortgage purchase program, residential mortgage loans, digital deposit banking to retail customers and custodial deposit services. The company was founded by Charles A. Williams in 1998 and is headquartered in Grand Rapids, MI.