American Century Companies Inc. Makes New Investment in Northpointe Bancshares, Inc. $NPB

American Century Companies Inc. bought a new position in shares of Northpointe Bancshares, Inc. (NYSE:NPB) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 490,405 shares of the company’s stock, valued at approximately $7,081,000. American Century Companies Inc. owned about 1.62% of Northpointe Bancshares at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Boston Partners bought a new position in Northpointe Bancshares during the first quarter worth about $454,000. Persistent Asset Partners Ltd bought a new position in Northpointe Bancshares during the first quarter worth about $941,000. Russell Investments Group Ltd. bought a new position in Northpointe Bancshares during the first quarter worth about $2,055,000. Finally, Charles Schwab Investment Management Inc. bought a new position in Northpointe Bancshares during the first quarter worth about $829,000.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price objective on Northpointe Bancshares from $16.50 to $17.50 and gave the company an “overweight” rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Northpointe Bancshares has a consensus rating of “Buy” and an average target price of $17.75.

Northpointe Bancshares Trading Up 0.2%

NYSE:NPB opened at $17.75 on Thursday. Northpointe Bancshares, Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $17.85. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 2.16. The company’s 50-day simple moving average is $15.04.

Northpointe Bancshares (NYSE:NPB) last released 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 business had revenue of $58.96 million for the quarter, compared to the consensus estimate of $56.92 million.

Northpointe Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 4th. Shareholders of record on Tuesday, July 15th were paid a $0.025 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $0.10 annualized dividend and a yield of 0.6%.

Northpointe Bancshares 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.