Northpointe Bancshares (NYSE:NPB) Reaches New 52-Week High - Should You Buy?

Northpointe Bancshares Inc (NYSE:NPB - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $15.30 and last traded at $15.30, with a volume of 301 shares changing hands. The stock had previously closed at $14.49.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods started coverage on Northpointe Bancshares in a research note on Tuesday, March 11th. They set an "outperform" rating and a $18.00 target price for the company. Piper Sandler initiated coverage on shares of Northpointe Bancshares in a research note on Tuesday, March 11th. They set an "overweight" rating and a $16.50 price objective on the stock.

Northpointe Bancshares Trading Up 0.8 %

Insider Activity

In related news, Director Vlieger Robert W. De II sold 50,819 shares of the 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 sale, the director now owns 760,828 shares in the company, valued at $10,316,827.68. This represents a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Alan Williams bought 17,241 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of $14.50 per share, with a total value of $249,994.50. Following the completion of the purchase, the chief executive officer now owns 17,241 shares of the company's stock, valued at $249,994.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here.

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.