Northpointe Bancshares Inc (NYSE:NPB) Announces — Dividend of $0.03

Northpointe Bancshares Inc (NYSE:NPB) announced a — dividend on Wednesday, April 9th, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.025 per share on Friday, May 2nd. The ex-dividend date of this dividend is Tuesday, April 15th.

Northpointe Bancshares Trading Up 4.9 %

Shares of NYSE NPB traded up $0.63 during mid-day trading on Wednesday, reaching $13.48. 71,739 shares of the company traded hands, compared to its average volume of 131,799. Northpointe Bancshares has a fifty-two week low of $12.43 and a fifty-two week high of $14.98.

Wall Street Analyst Weigh In

NPB has been the subject of several research analyst reports. Keefe, Bruyette & Woods assumed coverage on Northpointe Bancshares in a report on Tuesday, March 11th. They issued an “outperform” rating and a $18.00 price objective for the company. Piper Sandler began coverage on shares of Northpointe Bancshares in a report on Tuesday, March 11th. They issued an “overweight” rating and a $16.50 price target for the company.

Insider Activity

In other news, Director Vlieger Robert W. De II sold 50,819 shares of the business’s 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 sale, the director now owns 760,828 shares in the company, valued at $10,316,827.68. The trade was a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Alan Williams acquired 17,241 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $14.50 per share, with a total value of $249,994.50. Following the purchase, 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 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.