Northpointe Bancshares (NYSE:NPB) Coverage Initiated by Analysts at Piper Sandler

Piper Sandler initiated coverage on shares of Northpointe Bancshares (NYSE:NPB) in a research note released on Tuesday, Marketbeat Ratings reports. The firm issued an overweight rating and a $16.50 price target on the stock.

Northpointe Bancshares Trading Up 0.9 %

Shares of NPB stock opened at $13.75 on Tuesday. Northpointe Bancshares has a one year low of $13.50 and a one year high of $14.98.

Insider Activity

In related news, CEO Charles Alan Williams purchased 17,241 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $14.50 per share, with a total value of $249,994.50. Following the acquisition, the chief executive officer now directly owns 17,241 shares in the company, valued at $249,994.50. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vlieger Robert W. De II sold 50,819 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 owns 760,828 shares in the company, valued at $10,316,827.68. This represents a 6.26 % decrease in their position. 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.