Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report)'s stock price hit a new 52-week high during 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. 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 given a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.10 dividend on an annualized basis and a yield of 0.66%.
Northpointe Bancshares Stock Performance
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 simple moving average of $13.68.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. The company had revenue of $53.26 million for the quarter, compared to analysts' expectations of $50.59 million.
Institutional Trading of Northpointe Bancshares
A number of large investors have recently made changes to their positions in NPB. Charles Schwab Investment Management Inc. purchased a new stake in shares of Northpointe Bancshares during the first quarter valued at $829,000. Russell Investments Group Ltd. purchased a new stake in Northpointe Bancshares in the first quarter worth about $2,055,000. Persistent Asset Partners Ltd purchased a new stake in Northpointe Bancshares in the first quarter worth about $941,000. Boston Partners purchased a new stake in Northpointe Bancshares in the first quarter worth about $454,000. Finally, American Century Companies Inc. purchased a new stake in Northpointe Bancshares in the first quarter worth about $7,081,000.
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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