Charles Schwab Investment Management Inc. Takes $829,000 Position in Northpointe Bancshares, Inc. $NPB

Charles Schwab Investment Management Inc. bought a new position in shares of Northpointe Bancshares, Inc. (NYSE:NPB - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 57,426 shares of the company's stock, valued at approximately $829,000. Charles Schwab Investment Management Inc. owned 0.19% of Northpointe Bancshares at the end of the most recent reporting period.

Northpointe Bancshares Stock Up 0.9%

NPB traded up $0.17 during trading hours on Friday, hitting $18.61. 166,463 shares of the company's stock were exchanged, compared to its average volume of 174,485. Northpointe Bancshares, Inc. has a 12-month low of $11.43 and a 12-month high of $18.70. The firm has a 50 day moving average of $15.67 and a 200 day moving average of $14.36. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.39 and a quick ratio of 1.32.

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

Northpointe Bancshares Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NPB shares. Janney Montgomery Scott started coverage on shares of Northpointe Bancshares in a research note on Thursday, August 28th. They issued a "neutral" rating and a $19.25 price target on the stock. Piper Sandler boosted their price target on shares of Northpointe Bancshares from $16.50 to $17.50 and gave the company an "overweight" rating in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.25.

Northpointe Bancshares Company Profile

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.