Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as $15.15 and last traded at $15.11, with a volume of 95946 shares changing hands. The stock had previously closed at $14.78.
The newly announced dividend which will be paid on Monday, August 4th. Investors of record on Tuesday, July 15th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, July 15th.
Analyst Ratings Changes
A number of research analysts have weighed in on NPB shares. Keefe, Bruyette & Woods started coverage on shares of Northpointe Bancshares in a research note on Tuesday, March 11th. They issued an "outperform" rating and a $18.00 target price on the stock. Piper Sandler started coverage on shares of Northpointe Bancshares in a research note on Tuesday, March 11th. They issued an "overweight" rating and a $16.50 target price on the stock.
Get Our Latest Stock Report on Northpointe Bancshares
Northpointe Bancshares Stock Down 0.9%
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 stock has a 50 day moving average of $13.68.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. The business had revenue of $53.26 million during the quarter, compared to analysts' expectations of $50.59 million.
Institutional Trading of Northpointe Bancshares
Several institutional investors have recently made changes to their positions in the company. Mendon Capital Advisors Corp purchased a new stake in shares of Northpointe Bancshares during the 1st quarter valued at approximately $3,077,000. Jane Street Group LLC purchased a new stake in shares of Northpointe Bancshares during the 1st quarter valued at approximately $146,000. Goldman Sachs Group Inc. purchased a new stake in shares of Northpointe Bancshares during the 1st quarter valued at approximately $9,908,000. EJF Capital LLC purchased a new stake in shares of Northpointe Bancshares during the 1st quarter valued at approximately $3,739,000. Finally, Curi RMB Capital LLC purchased a new stake in shares of Northpointe Bancshares during the 1st quarter valued at approximately $2,889,000.
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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