Northpointe Bancshares (NYSE:NPB) Shares Up 4.1% - Still a Buy?

Northpointe Bancshares Inc (NYSE:NPB - Get Free Report)'s share price rose 4.1% on Thursday . The company traded as high as $14.83 and last traded at $14.82. Approximately 65,130 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 123,710 shares. The stock had previously closed at $14.24.

Wall Street Analysts Forecast Growth

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

Northpointe Bancshares Stock Down 0.6 %

Insiders Place Their Bets

In related news, CEO Charles Alan Williams acquired 17,241 shares of the business's 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. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Vlieger Robert W. De II sold 50,819 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $13.56, for a total value of $689,105.64. Following the completion of 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.

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.