Northpointe Bancshares, Inc. (NYSE:NPB - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $14.96, but opened at $14.27. Northpointe Bancshares shares last traded at $14.91, with a volume of 13,688 shares.
Northpointe Bancshares Stock Down 1.2%
The company has a debt-to-equity ratio of 2.39, a current ratio of 1.48 and a quick ratio of 1.43. The firm has a fifty day moving average price of $13.90.
Northpointe Bancshares (NYSE:NPB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $58.96 million for the quarter, compared to the consensus estimate of $56.92 million.
Northpointe Bancshares Announces Dividend
The firm also recently disclosed a quarterly 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 annualized dividend and a yield of 0.69%.
Hedge Funds Weigh In On Northpointe Bancshares
Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP bought a new position in shares of Northpointe Bancshares in the first quarter worth about $47,534,000. Adage Capital Partners GP L.L.C. bought a new position in Northpointe Bancshares during the first quarter valued at approximately $11,025,000. Goldman Sachs Group Inc. bought a new position in Northpointe Bancshares during the first quarter valued at approximately $9,908,000. Jacobs Asset Management LLC bought a new position in Northpointe Bancshares during the first quarter valued at approximately $8,998,000. Finally, American Century Companies Inc. bought a new position in Northpointe Bancshares during the first quarter valued at approximately $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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