Northpointe Bancshares (NYSE:NPB) Trading 4.1% Higher – Time to Buy?

Shares of Northpointe Bancshares Inc (NYSE:NPBGet Free Report) were up 4.1% during trading on Thursday . The stock traded as high as $14.83 and last traded at $14.82. Approximately 65,130 shares traded 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.

Analyst Ratings Changes

NPB has been the topic of several research analyst reports. Keefe, Bruyette & Woods initiated 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 on the stock. 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 target on the stock.

Read Our Latest Research Report on NPB

Northpointe Bancshares Stock Performance

Insider Buying and Selling

In related news, 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 transaction of $689,105.64. Following the sale, the director now owns 760,828 shares of the company’s stock, valued at approximately $10,316,827.68. The trade was a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Alan Williams acquired 17,241 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $14.50 per share, for a total transaction of $249,994.50. Following the acquisition, the chief executive officer now owns 17,241 shares of the company’s stock, 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.

Further Reading

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