Northwest Bancshares Inc. (NASDAQ:NWBI) shares traded -4.06% lower at $12.75 on Wall Street last session.
In accordance with the data, 6 analysts cover Northwest Bancshares Inc. (NASDAQ:NWBI). The consensus rating among analysts is ‘Hold’. NWBI stock price is now -8.59% away from the 50-day moving average and -8.24% away from the 200-day moving average. The market capitalization of the company currently stands at $1.61B.
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It has been rated a hold by 5 analysts and a buy by 0.
With the price target of $15, Janney recently initiated with Neutral rating for Northwest Bancshares Inc. (NASDAQ: NWBI). On May 06, 2022, Piper Sandler Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock reducing its target price from $14 to quote $12, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’.
In other news, Meegan John P, Director sold 7,200 shares of the company’s stock on Feb 01. The stock was sold for $102,618 at an average price of $14.25. Upon completion of the transaction, the Director now directly owns 68,496 shares in the company, valued at $0.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 25, SEVP, Commercial Banking Reitzes Mark T. bought 2,000 shares of the business’s stock. A total of $26,770 was incurred on buying the stock at an average price of $13.38. This leaves the insider owning 30,511 shares of the company worth $0.39 million. Insiders disposed of 62,505 shares of company stock worth roughly $0.8 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NWBI stock. A new stake in Northwest Bancshares Inc. shares was purchased by EXODUSPOINT CAPITAL MANAGEMENT, LP during the first quarter worth $1,161,000. SQUAREPOINT OPS LLC invested $928,000 in shares of NWBI during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Northwest Bancshares Inc. valued at approximately $717,000. MARYLAND STATE RETIREMENT & PENSION SYSTEM acquired a new stake in NWBI for approximately $669,000. LSV ASSET MANAGEMENT purchased a new stake in NWBI valued at around $525,000 in the second quarter. In total, there are 300 active investors with 67.90% ownership of the company’s stock.
Northwest Bancshares Inc. (NASDAQ: NWBI) opened at $13.22 on Thursday. During the past 12 months, Northwest Bancshares Inc. has had a low of $12.04 and a high of $15.35. The fifty day moving average price for NWBI is $13.95 and a two-hundred day moving average price translates $13.90 for the stock.
The latest earnings results from Northwest Bancshares Inc. (NASDAQ: NWBI) was released for Dec, 2022. According to the Banks – Regional Company, earnings per share came in at $0.27, missing analysts’ expectations of $0.31 by -0.04. This compares to $0.24 EPS in the same period last year. The net profit margin was 29.70% and return on equity was 8.90% for NWBI. The company reported revenue of $127.85 million for the quarter, compared to $102.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.23 percent. For the current quarter, analysts expect NWBI to generate $118.2M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/14/2023. Investors who held shares on 02/02/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 6.27% percent yield. There was an ex-dividend date of 02/01/2023 for this dividend. In terms of dividend payout ratio, NWBI is presently at 75.90%.
Northwest Bancshares Inc.(NWBI) Company Profile
Northwest Bancshares, Inc. operates as the holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts. It also offers loan products comprising one-to-four-family residential real estate loans and loans collateralized by multi-family residential and commercial real estate; commercial business loans; and consumer loans, including automobile loans, sales finance loans, unsecured personal loans, credit card loans, and loans secured by deposit accounts. The company also offers investment management and trust services. Northwest Bancshares, Inc. was founded in 1896 and is headquartered in Columbus, Ohio.
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