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

Shares of Northpointe Bancshares Inc (NYSE:NPB) reached 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 trading hands. The stock had previously closed at $14.49.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. 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 target for the company. Piper Sandler began coverage on shares of Northpointe Bancshares in a research note on Tuesday, March 11th. They issued an “overweight” rating and a $16.50 price target on the stock.

Northpointe Bancshares Stock Up 0.3 %

Insider Transactions at Northpointe Bancshares

In related news, Director Vlieger Robert W. De II sold 50,819 shares of the 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 completion of the sale, the director now directly owns 760,828 shares of the company’s stock, valued at $10,316,827.68. This represents a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles Alan Williams purchased 17,241 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $14.50 per share, for a total transaction of $249,994.50. Following the transaction, the chief executive officer now owns 17,241 shares of the company’s stock, valued at $249,994.50. The trade was 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.