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

Northpointe Bancshares Inc (NYSE:NPB) shares hit a new 52-week high during trading on Friday . The stock 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.

Analyst Ratings Changes

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

Northpointe Bancshares Trading Up 0.3 %

Insider Transactions at Northpointe Bancshares

In other news, CEO Charles Alan Williams bought 17,241 shares of the company’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 in the company, valued at approximately $249,994.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director now directly owns 760,828 shares of the company’s stock, valued at $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.

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.