Analysts at Piper Sandler initiated coverage on shares of Northpointe Bancshares (NYSE:NPB - Get Free Report) in a research note issued on Tuesday,Briefing.com Automated Import reports. The brokerage set an "overweight" rating and a $16.50 price target on the stock. Piper Sandler's price objective indicates a potential upside of 21.06% from the stock's current price.
Northpointe Bancshares Stock Down 2.7 %
Shares of NYSE:NPB opened at $13.63 on Tuesday. Northpointe Bancshares has a 1-year low of $13.50 and a 1-year high of $14.98.
Insiders Place Their Bets
In other news, Director Vlieger Robert W. De II sold 50,819 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $13.56, for a total transaction of $689,105.64. Following the completion of the transaction, the director now directly owns 760,828 shares of the company's stock, valued at $10,316,827.68. This trade represents a 6.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Charles Alan Williams bought 17,241 shares of Northpointe Bancshares 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 purchase, the chief executive officer now owns 17,241 shares in the company, valued at $249,994.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here.
About Northpointe Bancshares
(
Get Free Report)
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.
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