Northpointe Bancshares (NYSE:NPB) Research Coverage Started at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods assumed coverage on shares of Northpointe Bancshares (NYSE:NPB) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. The firm issued an outperform rating and a $18.00 price target on the stock.

Separately, Piper Sandler initiated coverage on Northpointe Bancshares in a report on Tuesday. They set an “overweight” rating and a $16.50 target price on the stock.

Northpointe Bancshares Stock Performance

Shares of NPB stock opened at $14.18 on Tuesday. Northpointe Bancshares has a 52 week low of $13.50 and a 52 week high of $14.98.

Insider Activity at Northpointe Bancshares

In related news, Director Vlieger Robert W. De II sold 50,819 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $13.56, for a total value of $689,105.64. Following the transaction, the director now owns 760,828 shares in the company, valued at $10,316,827.68. This trade 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 at the SEC website. Also, CEO Charles Alan Williams purchased 17,241 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price 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. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here.

About Northpointe Bancshares

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.