Northwest Bancshares (NWBI) Receiving Somewhat Favorable News Coverage, Report Shows
News coverage about Northwest Bancshares (NASDAQ:NWBI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Northwest Bancshares earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the savings and loans company an impact score of 46.6922532515838 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Northwest Bancshares (NWBI) traded down 1.60% on Friday, hitting $15.42. 460,127 shares of the company’s stock were exchanged. Northwest Bancshares has a 12-month low of $14.95 and a 12-month high of $19.10. The company’s 50-day moving average price is $15.72 and its 200-day moving average price is $16.42. The company has a market cap of $1.58 billion, a PE ratio of 17.97 and a beta of 0.63.
Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings results on Monday, July 24th. The savings and loans company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. Northwest Bancshares had a net margin of 18.91% and a return on equity of 7.45%. The firm had revenue of $124.21 million during the quarter, compared to the consensus estimate of $116.82 million. Analysts forecast that Northwest Bancshares will post $0.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, August 1st. This represents a $0.64 dividend on an annualized basis and a yield of 4.15%. Northwest Bancshares’s payout ratio is currently 75.29%.
NWBI has been the topic of several recent research reports. BidaskClub upgraded shares of Northwest Bancshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, ValuEngine downgraded shares of Northwest Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Thursday, May 11th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.60.
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In other news, Director Philip M. Tredway sold 13,560 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $16.13, for a total transaction of $218,722.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.
About Northwest Bancshares
Northwest Bancshares, Inc (Northwest) is a savings and loan holding company. The Company’s principal business consists of attracting deposits and making loans secured by various types of collateral, including real estate and other assets in the markets in which it operates. Its segments include Community Banking and Consumer Finance.
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