Northpointe Bancshares (NYSE:NPB) Now Covered by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods started coverage on shares of Northpointe Bancshares (NYSE:NPB) in a report released on Tuesday morning, MarketBeat.com reports. The firm issued an outperform rating and a $18.00 price objective on the stock.

Separately, Piper Sandler assumed coverage on Northpointe Bancshares in a report on Tuesday. They issued an “overweight” rating and a $16.50 price objective for the company.

Northpointe Bancshares Price Performance

NYSE NPB opened at $13.75 on Tuesday. Northpointe Bancshares has a 1-year low of $13.50 and a 1-year high of $14.98.

Insider Activity

In other Northpointe Bancshares news, CEO Charles Alan Williams bought 17,241 shares of the stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $14.50 per share, with a total value of $249,994.50. Following the completion of the purchase, the chief executive officer now owns 17,241 shares in the company, valued at $249,994.50. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Vlieger Robert W. De II sold 50,819 shares of the business’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 directly owns 760,828 shares of the company’s stock, valued at approximately $10,316,827.68. The trade was a 6.26 % decrease in their position. 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.