David Stevens Hooker Sells 65,161 Shares of Northpointe Bancshares (NYSE:NPB) Stock

Key Points

• Northpointe Bancshares Director David Stevens Hooker sold 65,161 shares of the stock, valued at approximately $1.19 million, which represents a 7.24% reduction in their ownership.
• The company's stock price has shown volatility, reaching a 1-year high of $18.86 and a low of $11.43, with its current trading price at $18.49.
• Northpointe Bancshares declared a quarterly dividend of $0.025 per share, yielding 0.5% on an annual basis, reflecting ongoing shareholder returns.

Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) Director David Stevens Hooker sold 65,161 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $18.21, for a total value of $1,186,581.81. Following the transaction, the director directly owned 834,879 shares of the company's stock, valued at approximately $15,203,146.59. This trade represents a 7.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Northpointe Bancshares Stock Performance

Northpointe Bancshares stock traded down $0.19 during midday trading on Monday, hitting $18.29. The company's stock had a trading volume of 280,677 shares, compared to its average volume of 185,759. The company has a 50-day moving average price of $16.46 and a two-hundred day moving average price of $14.66. 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, Inc. has a 1-year low of $11.43 and a 1-year high of $18.85.

Northpointe Bancshares (NYSE:NPB - Get Free Report) last announced 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 company had revenue of $58.96 million for the quarter, compared to the consensus estimate of $56.92 million.

Northpointe Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 4th. Shareholders of record on Tuesday, July 15th were given 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%.

Analyst Upgrades and Downgrades

NPB has been the topic of a number of recent research reports. Janney Montgomery Scott began coverage on Northpointe Bancshares in a research note on Thursday, August 28th. They issued a "neutral" rating and a $19.25 target price on the stock. Piper Sandler lifted their price objective on shares of Northpointe Bancshares from $16.50 to $17.50 and gave the company an "overweight" rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.25.

Institutional Trading of Northpointe Bancshares

A number of hedge funds have recently bought and sold shares of NPB. Cubist Systematic Strategies LLC purchased a new position in Northpointe Bancshares in the first quarter worth approximately $26,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Northpointe Bancshares in the second quarter valued at $33,000. State of Wyoming purchased a new stake in Northpointe Bancshares in the second quarter valued at $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Northpointe Bancshares in the 2nd quarter valued at about $79,000. Finally, New York State Common Retirement Fund purchased a new position in Northpointe Bancshares during the 2nd quarter worth $97,000.

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.