Algebris UK Ltd. Invests $4.45 Million in Northpointe Bancshares, Inc. $NPB

Algebris UK Ltd. acquired a new stake in shares of Northpointe Bancshares, Inc. (NYSE:NPB) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 260,569 shares of the company’s stock, valued at approximately $4,447,000. Algebris UK Ltd. owned approximately 0.76% of Northpointe Bancshares at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NPB. Cubist Systematic Strategies LLC purchased a new position in shares of Northpointe Bancshares during the first quarter worth approximately $26,000. Police & Firemen s Retirement System of New Jersey bought a new position in Northpointe Bancshares in the second quarter worth approximately $33,000. State of Wyoming purchased a new position in Northpointe Bancshares during the 2nd quarter worth $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Northpointe Bancshares during the 2nd quarter worth $79,000. Finally, New York State Common Retirement Fund bought a new stake in Northpointe Bancshares during the 2nd quarter valued at $97,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NPB shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Northpointe Bancshares in a research report on Monday, December 29th. Piper Sandler raised their target price on shares of Northpointe Bancshares from $19.50 to $20.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Two 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. Based on data from MarketBeat, Northpointe Bancshares currently has a consensus rating of “Hold” and an average target price of $19.08.

Northpointe Bancshares Trading Down 3.9%

NPB opened at $18.15 on Monday. Northpointe Bancshares, Inc. has a 52 week low of $11.43 and a 52 week high of $19.48. The company has a quick ratio of 1.34, a current ratio of 1.39 and a debt-to-equity ratio of 2.24. The business has a fifty day simple moving average of $17.39 and a 200-day simple moving average of $16.86. The firm has a market cap of $623.71 million and a P/E ratio of 8.68.

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

Northpointe Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 3rd. Investors of record on Thursday, January 15th will be issued a $0.025 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. Northpointe Bancshares’s dividend payout ratio (DPR) is 4.78%.

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.