Northpointe Bancshares (NYSE:NPB) Earns Overweight Rating from Analysts at Piper Sandler

Piper Sandler began coverage on shares of Northpointe Bancshares (NYSE:NPB) in a research report report published on Tuesday, Marketbeat.com reports. The brokerage issued an overweight rating and a $16.50 target price on the stock.

Northpointe Bancshares Stock Up 2.1 %

Shares of NPB opened at $14.18 on Tuesday. Northpointe Bancshares has a 1-year low of $13.50 and a 1-year high of $14.98.

Insider Buying and Selling

In other Northpointe Bancshares news, Director Vlieger Robert W. De II sold 50,819 shares of Northpointe Bancshares stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $13.56, for a total transaction of $689,105.64. Following the transaction, the director now owns 760,828 shares of the company’s stock, valued at $10,316,827.68. The trade was a 6.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Charles Alan Williams bought 17,241 shares of the stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $14.50 per share, for a total transaction of $249,994.50. Following the purchase, the chief executive officer now owns 17,241 shares in the company, valued at approximately $249,994.50. This represents a ∞ increase in their ownership of the stock. 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.