Northpointe Bancshares (NYSE:NPB) Reaches New 1-Year High – Here’s What Happened

Northpointe Bancshares Inc (NYSE:NPB) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $15.30 and last traded at $15.30, with a volume of 301 shares traded. The stock had previously closed at $14.49.

Wall Street Analysts Forecast Growth

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

Northpointe Bancshares Stock Up 0.1 %

Insider Buying and Selling

In other Northpointe Bancshares news, CEO Charles Alan Williams acquired 17,241 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $14.50 per share, for a total transaction of $249,994.50. Following the completion of the purchase, the chief executive officer now directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vlieger Robert W. De II sold 50,819 shares of Northpointe Bancshares stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $13.56, for a total transaction of $689,105.64. Following the transaction, the director now directly owns 760,828 shares of the company’s stock, valued at approximately $10,316,827.68. This trade represents 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.