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

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

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

Northpointe Bancshares Stock Up 2.1 %

NYSE NPB opened at $14.18 on Tuesday. Northpointe Bancshares has a one year low of $13.50 and a one year high of $14.98.

Insider Transactions at Northpointe Bancshares

In related news, Director Vlieger Robert W. De II sold 50,819 shares of Northpointe Bancshares stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $13.56, for a total value of $689,105.64. Following the sale, the director now owns 760,828 shares of the company’s stock, valued at approximately $10,316,827.68. This trade represents a 6.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Alan Williams bought 17,241 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost 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 in the company, valued at $249,994.50. The trade was a ∞ increase in their position. The disclosure for this purchase 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.