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Northpointe Bancshares, Inc. (NYSE:NPB) Plans Quarterly Dividend of $0.03

Northpointe Bancshares logo with Finance background

Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) declared a quarterly dividend on Monday, July 7th, RTT News reports. Shareholders of record on Tuesday, July 15th will be paid a dividend of 0.025 per share on Monday, August 4th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, July 15th.

Northpointe Bancshares Trading Down 2.4%

NYSE NPB traded down $0.37 on Friday, hitting $14.76. 71,480 shares of the stock traded hands, compared to its average volume of 212,963. The company has a 50-day moving average price of $13.73. Northpointe Bancshares has a twelve month low of $11.43 and a twelve month high of $15.50. The company has a quick ratio of 1.43, a current ratio of 1.48 and a debt-to-equity ratio of 2.39.

Northpointe Bancshares (NYSE:NPB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. The company had revenue of $53.26 million during the quarter, compared to analyst estimates of $50.59 million.

Institutional Investors Weigh In On Northpointe Bancshares

Several large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new position in shares of Northpointe Bancshares in the first quarter valued at approximately $9,908,000. Jane Street Group LLC acquired a new position in Northpointe Bancshares in the 1st quarter valued at approximately $146,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Northpointe Bancshares in the first quarter valued at about $26,000.

Northpointe Bancshares Company Profile

(Get 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.

Further Reading

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