Somewhat Positive News Coverage Somewhat Unlikely to Affect Northwest Bancshares (NWBI) Stock Price
Press coverage about Northwest Bancshares (NASDAQ:NWBI) has trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Northwest Bancshares earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the savings and loans company an impact score of 46.1584605316677 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Northwest Bancshares (NASDAQ:NWBI) traded up $0.11 on Wednesday, hitting $16.34. 420,800 shares of the company traded hands, compared to its average volume of 477,839. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1,665.53, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.92 and a beta of 0.64. Northwest Bancshares has a fifty-two week low of $14.95 and a fifty-two week high of $19.10.
Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings results on Monday, October 23rd. The savings and loans company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The company had revenue of $107.83 million for the quarter, compared to the consensus estimate of $106.63 million. Northwest Bancshares had a net margin of 20.59% and a return on equity of 7.54%. equities research analysts expect that Northwest Bancshares will post 0.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Wednesday, November 1st. Northwest Bancshares’s dividend payout ratio is currently 68.09%.
Several equities analysts recently issued reports on NWBI shares. Boenning Scattergood reissued a “hold” rating on shares of Northwest Bancshares in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.00 price objective on shares of Northwest Bancshares in a research note on Sunday, October 8th. Finally, Zacks Investment Research downgraded shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Northwest Bancshares presently has an average rating of “Hold” and an average price target of $16.67.
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In other news, EVP Jonathan P. Scalise sold 6,047 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $17.21, for a total value of $104,068.87. Following the completion of the sale, the executive vice president now owns 18,402 shares of the company’s stock, valued at $316,698.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Ronald J. Seiffert acquired 6,300 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of $16.30 per share, with a total value of $102,690.00. Following the transaction, the chief operating officer now directly owns 6,300 shares of the company’s stock, valued at $102,690. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company’s stock.
Northwest Bancshares Company Profile
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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