Northpointe Bancshares (NYSE:NPB) Issues Earnings Results, Beats Estimates By $0.01 EPS

Northpointe Bancshares (NYSE:NPB - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.01, Zacks reports. The company had revenue of $53.26 million for the quarter, compared to the consensus estimate of $50.59 million.

Northpointe Bancshares Stock Performance

NYSE:NPB traded up $0.15 during mid-day trading on Friday, reaching $14.09. 57,820 shares of the company's stock were exchanged, compared to its average volume of 149,211. Northpointe Bancshares has a one year low of $11.43 and a one year high of $14.98. The business's fifty day moving average is $13.74.

Northpointe Bancshares Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 15th will be given a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, April 15th.

Insider Buying and Selling at Northpointe Bancshares

In related news, CEO Charles Alan Williams acquired 17,241 shares of the stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $14.50 per share, for a total transaction of $249,994.50. Following the purchase, the chief executive officer now directly owns 17,241 shares in the company, valued at approximately $249,994.50. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Vlieger Robert W. De II sold 50,819 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $13.56, for a total value of $689,105.64. Following the sale, the director now owns 760,828 shares of the company's stock, valued at approximately $10,316,827.68. The trade was a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.40% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on NPB shares. Piper Sandler started coverage on shares of Northpointe Bancshares in a report on Tuesday, March 11th. They set an "overweight" rating and a $16.50 target price for the company. Keefe, Bruyette & Woods initiated coverage on Northpointe Bancshares in a report on Tuesday, March 11th. They set an "outperform" rating and a $18.00 price objective for the company.

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.