FJ Capital Management LLC Takes $2.24 Million Position in Northpointe Bancshares, Inc. $NPB

Key Points

• FJ Capital Management LLC acquired a new stake in Northpointe Bancshares, purchasing 155,000 shares valued at approximately $2.24 million, representing around 0.51% of the company.
• Northpointe Bancshares' recent quarterly earnings showed an earnings per share of $0.51, aligning with consensus estimates, while the company also reported a revenue of $58.96 million.
• The company declared a quarterly dividend of $0.025 per share, resulting in an annualized yield of 0.6%, with the ex-dividend date having been July 15th.

FJ Capital Management LLC purchased a new stake in Northpointe Bancshares, Inc. (NYSE:NPB - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 155,000 shares of the company's stock, valued at approximately $2,238,000. FJ Capital Management LLC owned about 0.51% of Northpointe Bancshares at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new position in shares of Northpointe Bancshares in the 1st quarter valued at $26,000. Boston Partners acquired a new stake in Northpointe Bancshares during the 1st quarter worth about $454,000. Charles Schwab Investment Management Inc. acquired a new stake in Northpointe Bancshares during the 1st quarter worth about $829,000. Persistent Asset Partners Ltd acquired a new stake in Northpointe Bancshares during the 1st quarter worth about $941,000. Finally, Russell Investments Group Ltd. acquired a new stake in Northpointe Bancshares during the 1st quarter worth about $2,055,000.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NPB shares. Piper Sandler boosted their price objective on Northpointe Bancshares from $16.50 to $17.50 and gave the stock an "overweight" rating in a report on Monday, July 28th. Janney Montgomery Scott started coverage on 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $18.25.

Northpointe Bancshares Stock Up 0.9%

Shares of NPB traded up $0.17 during trading hours on Friday, reaching $18.61. The company's stock had a trading volume of 166,463 shares, compared to its average volume of 174,485. Northpointe Bancshares, Inc. has a 1-year low of $11.43 and a 1-year high of $18.70. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.39 and a quick ratio of 1.32. The company has a 50 day moving average of $15.67 and a two-hundred day moving average of $14.36.

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

Northpointe Bancshares Announces Dividend

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

Northpointe Bancshares 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.