Northpointe Bancshares (NYSE:NPB) Coverage Initiated at Brean Capital

Stock analysts at Brean Capital started coverage on shares of Northpointe Bancshares (NYSE:NPB) in a research report issued to clients and investors on Wednesday. The firm set a “neutral” rating and a $20.25 price target on the stock. Brean Capital’s target price points to a potential upside of 16.98% from the stock’s previous close.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Northpointe Bancshares in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $19.83.

Northpointe Bancshares Stock Performance

Shares of NPB opened at $17.31 on Wednesday. The company’s fifty day moving average is $17.80 and its 200-day moving average is $17.37. Northpointe Bancshares has a 12 month low of $12.52 and a 12 month high of $19.48. The firm has a market cap of $597.06 million, a price-to-earnings ratio of 7.80 and a beta of 0.23. The company has a quick ratio of 1.34, a current ratio of 1.40 and a debt-to-equity ratio of 2.70.

Northpointe Bancshares (NYSE:NPB) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.04). Northpointe Bancshares had a return on equity of 14.74% and a net margin of 17.92%.The business had revenue of $63.42 million for the quarter. Equities analysts expect that Northpointe Bancshares will post 2.77 EPS for the current fiscal year.

Insider Activity at Northpointe Bancshares

In related news, EVP Amy M. Butler sold 9,911 shares of the firm’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $18.02, for a total value of $178,596.22. Following the transaction, the executive vice president directly owned 6,365 shares in the company, valued at approximately $114,697.30. This trade represents a 60.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Jeffery Dean sold 57,619 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $17.55, for a total transaction of $1,011,213.45. Following the completion of the transaction, the director owned 557,171 shares in the company, valued at $9,778,351.05. The trade was a 9.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 73,895 shares of company stock worth $1,301,197. 18.30% of the stock is owned by insiders.

Institutional Trading of Northpointe Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of NPB. Cubist Systematic Strategies LLC acquired a new stake in Northpointe Bancshares in the 1st quarter worth $26,000. Goldman Sachs Group Inc. acquired a new stake in Northpointe Bancshares in the 1st quarter worth $9,908,000. Jane Street Group LLC acquired a new stake in Northpointe Bancshares in the 1st quarter worth $146,000. Geode Capital Management LLC grew its position in Northpointe Bancshares by 138.9% in 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. Finally, JPMorgan Chase & Co. acquired a new stake in Northpointe Bancshares in the 2nd quarter worth $776,000.

Northpointe Bancshares Company 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.