Northpointe Bancshares (NYSE:NPB - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.51 EPS for the quarter, hitting analysts' consensus estimates of $0.51, Zacks reports. The business had revenue of $58.96 million for the quarter, compared to the consensus estimate of $56.92 million.
Northpointe Bancshares Trading Down 1.1%
Shares of NPB stock traded down $0.17 during trading hours on Thursday, reaching $14.81. The company's stock had a trading volume of 30,197 shares, compared to its average volume of 134,688. The company's 50 day moving average is $13.89. Northpointe Bancshares has a fifty-two week low of $11.43 and a fifty-two week high of $15.50. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.43 and a current ratio of 1.48.
Northpointe Bancshares Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Tuesday, July 15th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, July 15th.
Hedge Funds Weigh In On Northpointe Bancshares
A number of institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in Northpointe Bancshares during the 1st quarter worth approximately $146,000. Goldman Sachs Group Inc. bought a new stake in Northpointe Bancshares during the 1st quarter worth approximately $9,908,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Northpointe Bancshares during the 1st quarter worth approximately $26,000.
About Northpointe Bancshares
(
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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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