Boston Partners Acquires New Stake in Northpointe Bancshares, Inc. $NPB

Key Points

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Boston Partners acquired a new stake in shares of Northpointe Bancshares, Inc. (NYSE:NPB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 31,443 shares of the company's stock, valued at approximately $454,000. Boston Partners owned approximately 0.10% of Northpointe Bancshares at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Persistent Asset Partners Ltd purchased a new position in Northpointe Bancshares in the 1st quarter worth approximately $941,000. Russell Investments Group Ltd. purchased a new position in Northpointe Bancshares in the 1st quarter worth approximately $2,055,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Northpointe Bancshares in the 1st quarter worth approximately $829,000.

Northpointe Bancshares Trading Up 3.6%

Shares of NYSE NPB traded up $0.59 during mid-day trading on Friday, hitting $17.15. 285,529 shares of the stock traded hands, compared to its average volume of 165,026. The company has a quick ratio of 1.32, a current ratio of 1.39 and a debt-to-equity ratio of 2.16. Northpointe Bancshares, Inc. has a 52 week low of $11.43 and a 52 week high of $17.37. The stock has a fifty day moving average of $14.77.

Northpointe Bancshares (NYSE:NPB - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $58.96 million for the quarter, compared to the consensus estimate of $56.92 million.

Northpointe Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 4th. Stockholders of record on Tuesday, July 15th were paid a $0.025 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $0.10 annualized dividend and a dividend yield of 0.6%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their target price on Northpointe Bancshares from $16.50 to $17.50 and gave the company an "overweight" rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $17.75.

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.