Northpointe Bancshares, Inc. $NPB Shares Sold by Cwm LLC

Cwm LLC cut its holdings in Northpointe Bancshares, Inc. (NYSE:NPB) by 95.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,099 shares of the company’s stock after selling 43,436 shares during the quarter. Cwm LLC’s holdings in Northpointe Bancshares were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NPB. Cubist Systematic Strategies LLC acquired a new position in shares of Northpointe Bancshares in the 1st quarter worth approximately $26,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Northpointe Bancshares during the second quarter worth approximately $33,000. State of Wyoming bought a new stake in Northpointe Bancshares during the second quarter worth approximately $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Northpointe Bancshares in the second quarter worth approximately $79,000. Finally, New York State Common Retirement Fund bought a new position in shares of Northpointe Bancshares in the second quarter valued at $97,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NPB shares. Piper Sandler increased their price objective on Northpointe Bancshares from $19.50 to $20.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Northpointe Bancshares in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Northpointe Bancshares presently has an average rating of “Hold” and a consensus price target of $19.08.

Northpointe Bancshares Price Performance

NYSE NPB opened at $18.13 on Thursday. 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 firm has a market capitalization of $623.13 million and a price-to-earnings ratio of 8.67. The company has a 50 day simple moving average of $17.31 and a 200-day simple moving average of $16.80. Northpointe Bancshares, Inc. has a 52-week low of $11.43 and a 52-week high of $19.22.

Northpointe Bancshares (NYSE:NPB) last announced its quarterly earnings data on Tuesday, January 20th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). Northpointe Bancshares had a net margin of 17.70% and a return on equity of 13.79%. The company had revenue of $65.14 million for the quarter, compared to analysts’ expectations of $64.70 million.

Northpointe Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 3rd. Stockholders of record on Thursday, January 15th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.6%. Northpointe Bancshares’s dividend payout ratio is 6.37%.

Northpointe Bancshares Profile

Northpointe Bancshares, Inc is the bank holding company for Northpointe Bank, an FDIC-insured community bank based in Michigan. The company offers a full range of commercial and consumer banking solutions, serving retail, small business and corporate clients through both a physical branch network and digital platforms.

Northpointe Bank’s product suite includes interest-bearing checking and savings accounts, money market and certificate of deposit offerings, as well as residential mortgage lending, home equity financing and unsecured consumer loans.