Northpointe Bancshares Inc Plans -- Dividend of $0.03 (NYSE:NPB)

Northpointe Bancshares Inc (NYSE:NPB - Get Free Report) declared a -- dividend on Wednesday, April 9th, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.025 per share on Friday, May 2nd. The ex-dividend date is Tuesday, April 15th.

Northpointe Bancshares Stock Down 4.0 %

Shares of NYSE NPB traded down $0.51 during trading on Monday, reaching $12.20. 193,854 shares of the company traded hands, compared to its average volume of 130,234. Northpointe Bancshares has a 52-week low of $12.13 and a 52-week high of $14.98.

Insider Transactions at Northpointe Bancshares

In related news, CEO Charles Alan Williams purchased 17,241 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average cost of $14.50 per share, for a total transaction of $249,994.50. Following the completion of the transaction, the chief executive officer now directly owns 17,241 shares in the company, valued at $249,994.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Vlieger Robert W. De II sold 50,819 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $13.56, for a total transaction of $689,105.64. Following the transaction, the director now owns 760,828 shares in the company, valued at $10,316,827.68. The trade was a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NPB shares. Piper Sandler assumed coverage on Northpointe Bancshares in a research report on Tuesday, March 11th. They set an "overweight" rating and a $16.50 price objective for the company. Keefe, Bruyette & Woods started coverage on Northpointe Bancshares in a research note on Tuesday, March 11th. They issued an "outperform" rating and a $18.00 price target for the company.

Northpointe Bancshares Company Profile

We are a bank holding company headquartered in Grand Rapids, Michigan and registered under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). We operate our business primarily through our wholly-owned banking subsidiary, Northpointe Bank. We emphasize to our employees and clients that our specialized business lines differentiate us as a business that has the added benefit of being a bank.