Northpointe Bancshares (NYSE:NPB) Posts Earnings Results, Beats Expectations By $0.01 EPS

Northpointe Bancshares (NYSE:NPB - Get Free Report) issued its earnings results on Tuesday. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.01, Zacks reports. The firm had revenue of $53.26 million during the quarter, compared to analyst estimates of $50.59 million.

Northpointe Bancshares Stock Down 0.6 %

Shares of Northpointe Bancshares stock traded down $0.08 during trading on Friday, reaching $13.86. 13,658 shares of the company traded hands, compared to its average volume of 148,202. Northpointe Bancshares has a 1-year low of $11.43 and a 1-year high of $14.98. The company has a 50 day moving average price of $13.74.

Northpointe Bancshares Announces Dividend

The business also recently disclosed a -- dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.025 per share. The ex-dividend date is Tuesday, April 15th.

Insider Activity

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

Wall Street Analyst Weigh In

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

Northpointe Bancshares Company Profile

Northpointe Bancshares, Inc operates as a bank holding company. It offers a nationwide mortgage purchase program, residential mortgage loans, digital deposit banking to retail customers and custodial deposit services. The company was founded by Charles A. Williams in 1998 and is headquartered in Grand Rapids, MI.