Somewhat Positive News Coverage Somewhat Unlikely to Impact Northwest Bancshares (NWBI) Share Price
Press coverage about Northwest Bancshares (NASDAQ:NWBI) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news 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 0.05 on Accern’s scale. Accern also gave media headlines about the savings and loans company an impact score of 46.8147971877301 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Is Northwest Bancshares (NWBI) a Good Pick for Income Investors? (finance.yahoo.com)
- Insider Selling: Northwest Bancshares, Inc. (NWBI) Insider Sells 66,713 Shares of Stock (americanbankingnews.com)
- Northwest Bancshares, Inc. (NWBI) Insider Sells $637,119.39 in Stock (americanbankingnews.com)
- Zacks: Brokerages Expect Northwest Bancshares, Inc. (NWBI) Will Announce Quarterly Sales of $109.30 Million (americanbankingnews.com)
- BOK Financial (BOKF) versus Northwest Bancshares (NWBI) Financial Contrast (americanbankingnews.com)
A number of analysts have recently commented on the company. Boenning Scattergood reaffirmed a “hold” rating on shares of Northwest Bancshares in a research note on Wednesday, June 13th. BidaskClub raised Northwest Bancshares from a “hold” rating to a “buy” rating in a research note on Wednesday, May 30th. Finally, Zacks Investment Research raised Northwest Bancshares from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, June 20th.
Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings results on Thursday, July 26th. The savings and loans company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $108.34 million during the quarter, compared to analysts’ expectations of $108.20 million. Northwest Bancshares had a return on equity of 8.06% and a net margin of 21.20%. research analysts anticipate that Northwest Bancshares will post 1.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 16th. Stockholders of record on Thursday, August 2nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.82%. Northwest Bancshares’s dividend payout ratio (DPR) is presently 80.95%.
In other news, insider William J. Wagner sold 66,713 shares of the company’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $17.84, for a total value of $1,190,159.92. Following the completion of the sale, the insider now directly owns 210,088 shares of the company’s stock, valued at approximately $3,747,969.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO David E. Westerburg sold 18,178 shares of the company’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $17.53, for a total value of $318,660.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,962 shares of company stock valued at $2,737,838. 2.20% of the stock is currently owned by company insiders.
About Northwest Bancshares
Northwest Bancshares, Inc operates as a bank holding company for Northwest Savings Bank that offers various personal and business banking solutions in the United States. The company offers personal and business deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts.
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