Northpointe Bancshares (NYSE:NPB) Coverage Initiated at Keefe, Bruyette & Woods

Equities research analysts at Keefe, Bruyette & Woods assumed coverage on shares of Northpointe Bancshares (NYSE:NPB) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $18.00 price target on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 30.15% from the company’s previous close.

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

Northpointe Bancshares Trading Up 0.6 %

Shares of Northpointe Bancshares stock opened at $13.83 on Tuesday. Northpointe Bancshares has a 12-month low of $13.50 and a 12-month high of $14.98.

Insider Buying and Selling

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