Northpointe Bancshares, Inc. $NPB Stock Holdings Increased by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase boosted its stake in Northpointe Bancshares by 118.0% in Q3, owning 123,408 shares (about 0.36% of the company) valued at roughly $2.11 million.
• Insider activity was mixed: CEO Charles Alan Williams bought 23,450 shares at $16.88 (a ~74.6% increase in his holding), while other insiders sold shares—73,895 shares worth $1.30M over the last 90 days—though insiders still own 18.40% of the company.
• Fundamentals and recent results: NPB opened at $17.68 with a market cap of about $609.7M and a P/E of 8.46, and the company reported quarterly EPS of $0.52, missing the consensus of $0.60; the analyst consensus rating is Hold with a target of $19.63.

JPMorgan Chase & Co. boosted its position in Northpointe Bancshares, Inc. (NYSE:NPB - Free Report) by 118.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,408 shares of the company's stock after buying an additional 66,798 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.36% of Northpointe Bancshares worth $2,108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NPB. Cubist Systematic Strategies LLC bought a new stake in Northpointe Bancshares in the first quarter valued at about $26,000. Goldman Sachs Group Inc. bought a new stake in Northpointe Bancshares in the first quarter valued at about $9,908,000. Jane Street Group LLC bought a new stake in Northpointe Bancshares in the first quarter valued at about $146,000. Geode Capital Management LLC increased its holdings in Northpointe Bancshares by 138.9% in the second quarter. Geode Capital Management LLC now owns 234,789 shares of the company's stock valued at $3,220,000 after buying an additional 136,490 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Northpointe Bancshares by 12.2% in the second quarter. Russell Investments Group Ltd. now owns 159,674 shares of the company's stock valued at $2,189,000 after buying an additional 17,371 shares during the last quarter.

Northpointe Bancshares Stock Performance

Shares of NPB stock opened at $17.68 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.40 and a debt-to-equity ratio of 2.70. The business has a 50 day moving average of $17.51 and a two-hundred day moving average of $17.29. Northpointe Bancshares, Inc. has a 52 week low of $11.43 and a 52 week high of $19.48. The company has a market cap of $609.68 million, a P/E ratio of 8.46 and a beta of 0.23.

Northpointe Bancshares (NYSE:NPB - Get Free Report) last issued its earnings results on Tuesday, January 20th. The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.08). Northpointe Bancshares had a net margin of 17.70% and a return on equity of 14.00%. The company had revenue of $65.14 million during the quarter, compared to analyst estimates of $64.70 million.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler boosted their price objective on Northpointe Bancshares from $19.50 to $20.00 and gave the company an "overweight" rating in a report on Monday, December 22nd. Weiss Ratings reissued a "sell (d-)" rating on shares of Northpointe Bancshares in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $19.63.

Insider Buying and Selling at Northpointe Bancshares

In related news, CEO Charles Alan Williams bought 23,450 shares of the firm's stock in a transaction on Thursday, February 12th. The stock was bought at an average cost of $16.88 per share, for a total transaction of $395,836.00. Following the completion of the purchase, the chief executive officer directly owned 54,896 shares in the company, valued at approximately $926,644.48. The trade was a 74.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Amy M. Butler sold 9,911 shares of Northpointe Bancshares stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $18.02, for a total value of $178,596.22. Following the completion of the transaction, the executive vice president owned 6,365 shares of the company's stock, valued at approximately $114,697.30. The trade was a 60.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 73,895 shares of company stock worth $1,301,197 over the last ninety days. Company insiders own 18.40% of the company's stock.

Northpointe Bancshares Company Profile

Northpointe Bancshares, Inc is the bank holding company for Northpointe Bank, an FDIC-insured community bank based in Michigan. The company offers a full range of commercial and consumer banking solutions, serving retail, small business and corporate clients through both a physical branch network and digital platforms.

Northpointe Bank’s product suite includes interest-bearing checking and savings accounts, money market and certificate of deposit offerings, as well as residential mortgage lending, home equity financing and unsecured consumer loans.

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