Boston Partners Boosts Stock Position in Northpointe Bancshares, Inc. $NPB

Boston Partners increased its holdings in shares of Northpointe Bancshares, Inc. (NYSE:NPB) by 23.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,684 shares of the company’s stock after buying an additional 7,241 shares during the period. Boston Partners owned about 0.11% of Northpointe Bancshares worth $530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in NPB. JPMorgan Chase & Co. acquired a new position in Northpointe Bancshares during the second quarter worth $776,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Northpointe Bancshares during the second quarter worth about $33,000. Geode Capital Management LLC raised its position in shares of Northpointe Bancshares by 138.9% during the 2nd quarter. Geode Capital Management LLC now owns 234,789 shares of the company’s stock worth $3,220,000 after purchasing an additional 136,490 shares during the last quarter. Zhang Financial LLC purchased a new position in Northpointe Bancshares in the 2nd quarter valued at about $1,384,000. Finally, Mendon Capital Advisors Corp acquired a new stake in Northpointe Bancshares in the 1st quarter worth about $3,077,000.

Northpointe Bancshares Price Performance

NPB stock opened at $17.44 on Monday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.39 and a quick ratio of 1.34. The business has a 50 day simple moving average of $16.82 and a 200-day simple moving average of $15.75. The firm has a market capitalization of $599.41 million and a PE ratio of 11.11. Northpointe Bancshares, Inc. has a 1 year low of $11.43 and a 1 year high of $18.85.

Northpointe Bancshares (NYSE:NPB) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $64.36 million for the quarter, compared to the consensus estimate of $62.17 million. Northpointe Bancshares had a return on equity of 12.43% and a net margin of 16.09%.

Northpointe Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.10 annualized dividend and a dividend yield of 0.6%. Northpointe Bancshares’s payout ratio is presently 6.37%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NPB. Janney Montgomery Scott started coverage on Northpointe Bancshares in a report on Thursday, August 28th. They set a “neutral” rating and a $19.25 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Northpointe Bancshares in a research report on Tuesday, November 25th. Finally, Piper Sandler raised their price objective on Northpointe Bancshares from $17.50 to $19.50 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Northpointe Bancshares presently has an average rating of “Hold” and an average target price of $18.92.

Insider Buying and Selling at Northpointe Bancshares

In related news, Director David Stevens Hooker sold 65,161 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $18.21, for a total value of $1,186,581.81. Following the completion of the sale, the director owned 834,879 shares of the company’s stock, valued at approximately $15,203,146.59. This represents a 7.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 18.40% of the company’s stock.

About Northpointe Bancshares

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.