Boston Partners purchased a new stake in shares of Northpointe Bancshares, Inc. (NYSE:NPB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 31,443 shares of the company's stock, valued at approximately $454,000. Boston Partners owned about 0.10% of Northpointe Bancshares at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of NPB. Charles Schwab Investment Management Inc. bought a new stake in Northpointe Bancshares during the first quarter valued at $829,000. Persistent Asset Partners Ltd bought a new stake in Northpointe Bancshares during the first quarter valued at $941,000. Finally, Russell Investments Group Ltd. bought a new stake in Northpointe Bancshares during the first quarter valued at $2,055,000.
Northpointe Bancshares Price Performance
Shares of NYSE NPB traded up $0.59 during trading on Friday, hitting $17.15. 285,529 shares of the company traded hands, compared to its average volume of 175,823. The firm has a fifty day moving average of $14.77. Northpointe Bancshares, Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $17.37. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 2.16.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $58.96 million for the quarter, compared to analyst estimates of $56.92 million.
Northpointe Bancshares Dividend Announcement
The firm also recently announced 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 0.6%. The ex-dividend date was Tuesday, July 15th.
Analyst Upgrades and Downgrades
Separately, Piper Sandler upped their price objective on shares of Northpointe Bancshares from $16.50 to $17.50 and gave the company an "overweight" rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $17.75.
Check Out Our Latest Stock Report on NPB
About Northpointe Bancshares
(
Free Report)
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.
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