The price of Northwest Bancshares Inc. (NASDAQ:NWBI) shares last traded on Wall Street rose 1.42% to $10.75.
NWBI stock price is now -2.19% away from the 50-day moving average and -17.97% away from the 200-day moving average. The market capitalization of the company currently stands at $1.35B.
With the price target of $15, Janney recently initiated with Neutral rating for Northwest Bancshares Inc. (NASDAQ: NWBI).
In other news, Fannin Timothy B, Director bought 1,675 shares of the company’s stock on Jun 12. The stock was bought for $19,295 at an average price of $11.52. Upon completion of the transaction, the Director now directly owns 4,662 shares in the company, valued at $50116.5. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07, EVP, Retail Lend & Bus Banking Colestro James M sold 227 shares of the business’s stock. A total of $2,508 was realized by selling the stock at an average price of $11.05. This leaves the insider owning 18,380 shares of the company worth $0.2 million. Insiders disposed of 49,613 shares of company stock worth roughly $0.53 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 TUDOR INVESTMENT CORP ET AL during the first quarter worth $1,381,000. NEWEDGE ADVISORS, LLC invested $989,000 in shares of NWBI during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in Northwest Bancshares Inc. valued at approximately $968,000. ERGOTELES LLC acquired a new stake in NWBI for approximately $935,000. STATE OF NEW JERSEY COMMON PENSION FUND D purchased a new stake in NWBI valued at around $782,000 in the second quarter. In total, there are 310 active investors with 67.90% ownership of the company’s stock.
A candlestick chart of Northwest Bancshares Inc. (NASDAQ: NWBI) showed a price of $10.60 on Monday morning. During the past 12 months, Northwest Bancshares Inc. has had a low of $9.91 and a high of $15.35. The fifty day moving average price for NWBI is $10.99 and a two-hundred day moving average price translates $13.10 for the stock.
The latest earnings results from Northwest Bancshares Inc. (NASDAQ: NWBI) was released for Mar, 2023. According to the Banks – Regional Company, earnings per share came in at $0.26, inline with analysts’ expectations of $0.26. This compares to $0.22 EPS in the same period last year. The company reported revenue of $134.94 million for the quarter, compared to $96.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.93 percent. For the current quarter, analysts expect NWBI to generate $111.58M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/15/2023. Investors who held shares on 05/04/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 7.44% percent yield. There was an ex-dividend date of 05/03/2023 for this dividend. In terms of dividend payout ratio, NWBI is presently at 76.25%.
