Northpointe Bancshares (NYSE:NPB) Shares Up 4.1% – Here’s Why

Northpointe Bancshares Inc (NYSE:NPB)’s stock price rose 4.1% during trading on Thursday . The stock traded as high as $14.83 and last traded at $14.82. Approximately 65,130 shares were traded 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

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods began coverage on Northpointe Bancshares in a research note on Tuesday, March 11th. They issued an “outperform” rating and a $18.00 price objective for the company. Piper Sandler started 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 on the stock.

Northpointe Bancshares Trading Up 3.2 %

Insider Buying and Selling at Northpointe Bancshares

In other news, Director Vlieger Robert W. De II sold 50,819 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $13.56, for a total transaction of $689,105.64. Following the transaction, the director now owns 760,828 shares of the company’s stock, valued at approximately $10,316,827.68. This represents a 6.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Alan Williams bought 17,241 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $14.50 per share, with a total value of $249,994.50. Following the transaction, the chief executive officer now directly owns 17,241 shares of the company’s stock, valued at approximately $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.