Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) hit a new 52-week high during trading on Tuesday following a dividend announcement from the company. The company traded as high as $15.15 and last traded at $15.11, with a volume of 95946 shares trading hands. The stock had previously closed at $14.78.
The newly announced dividend which will be paid on Monday, August 4th. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.025 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.68%.
Northpointe Bancshares Trading Down 2.4%
The company has a fifty day moving average of $13.73. The company has a current ratio of 1.48, a quick ratio of 1.43 and a debt-to-equity ratio of 2.39.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate 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 Trading of Northpointe Bancshares
Institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new stake in Northpointe Bancshares in the 1st quarter valued at approximately $26,000. Mendon Capital Advisors Corp acquired a new stake in Northpointe Bancshares in the 1st quarter valued at approximately $3,077,000. Adage Capital Partners GP L.L.C. acquired a new stake in Northpointe Bancshares in the 1st quarter valued at approximately $11,025,000. Curi RMB Capital LLC acquired a new stake in Northpointe Bancshares in the 1st quarter valued at approximately $2,889,000. Finally, EJF Capital LLC acquired a new stake in Northpointe Bancshares in the 1st quarter valued at approximately $3,739,000.
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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