Russell Investments Group Ltd. acquired a new position in shares of Northpointe Bancshares, Inc. (NYSE:NPB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 142,303 shares of the company's stock, valued at approximately $2,055,000. Russell Investments Group Ltd. owned about 0.47% of Northpointe Bancshares at the end of the most recent quarter.
Separately, Charles Schwab Investment Management Inc. acquired a new position in Northpointe Bancshares during the first quarter worth $829,000.
Northpointe Bancshares Trading Up 0.2%
NYSE NPB opened at $17.20 on Tuesday. Northpointe Bancshares, Inc. has a 1 year low of $11.43 and a 1 year high of $17.37. 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 business has a fifty day moving average price of $14.85.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $58.96 million during the quarter, compared to the consensus estimate of $56.92 million.
Northpointe Bancshares Dividend Announcement
The company also recently announced 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%.
Wall Street Analyst Weigh In
Separately, Piper Sandler upped their price objective on shares of Northpointe Bancshares from $16.50 to $17.50 and gave the stock an "overweight" rating in a report on Monday, July 28th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $17.75.
Read 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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