Northpointe Bancshares (NYSE:NPB - Get Free Report) had its target price boosted by Piper Sandler from $16.50 to $17.50 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's target price points to a potential upside of 19.78% from the stock's current price.
Northpointe Bancshares Trading Down 1.5%
Shares of Northpointe Bancshares stock traded down $0.22 during midday trading on Monday, hitting $14.61. 110,574 shares of the company traded hands, compared to its average volume of 135,803. The company has a current ratio of 1.48, a quick ratio of 1.43 and a debt-to-equity ratio of 2.39. The business has a fifty day simple moving average of $13.98. Northpointe Bancshares has a 12 month low of $11.43 and a 12 month high of $15.50.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last posted 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 business had revenue of $58.96 million for the quarter, compared to the consensus estimate of $56.92 million.
Institutional Investors Weigh In On Northpointe Bancshares
Institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new stake in Northpointe Bancshares during the 1st quarter worth approximately $26,000. Jane Street Group LLC bought a new stake in shares of Northpointe Bancshares in the 1st quarter valued at $146,000. Boston Partners bought a new stake in shares of Northpointe Bancshares in the 1st quarter valued at $454,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Northpointe Bancshares in the 1st quarter valued at $829,000. Finally, Persistent Asset Partners Ltd bought a new stake in shares of Northpointe Bancshares in the 1st quarter valued at $941,000.
About Northpointe Bancshares
(
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.
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