Northpointe Bancshares (NYSE:NPB) Hits New 12-Month High - What's Next?

Key Points

• Northpointe Bancshares reached a new 52-week high of $16.58 during trading, with a recent volume of 70,923 shares exchanging hands.
• Piper Sandler raised their price target for Northpointe Bancshares from $16.50 to $17.50 and assigned an "overweight" rating to the stock.
• The company announced a quarterly dividend of $0.025 per share, reflecting a 0.6% dividend yield, which was paid to stockholders on August 4th.

Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $16.58 and last traded at $16.58, with a volume of 70923 shares trading hands. The stock had previously closed at $16.19.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price objective on shares of Northpointe Bancshares from $16.50 to $17.50 and gave the stock an "overweight" rating in a research note on Monday, July 28th.

Northpointe Bancshares Trading Up 0.4%

The business has a fifty day moving average price of $14.44. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 2.16.

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

Northpointe Bancshares Dividend Announcement

The firm 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. This represents a $0.10 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, July 15th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. bought a new position in Northpointe Bancshares in the first quarter valued at approximately $829,000. Russell Investments Group Ltd. bought a new position in Northpointe Bancshares in the first quarter valued at approximately $2,055,000. Persistent Asset Partners Ltd bought a new position in Northpointe Bancshares in the first quarter valued at approximately $941,000. Boston Partners bought a new position in Northpointe Bancshares in the first quarter valued at approximately $454,000. Finally, American Century Companies Inc. bought a new position in Northpointe Bancshares in the first quarter valued at approximately $7,081,000.

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.

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