Northwest Bancshares (NWBI) Receiving Somewhat Positive News Coverage, Analysis Shows
Headlines about Northwest Bancshares (NASDAQ:NWBI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than 20 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 news impact score of 0.11 on Accern’s scale. Accern also gave news headlines about the savings and loans company an impact score of 46.2053043925839 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
NWBI has been the topic of several analyst reports. Zacks Investment Research raised shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub raised shares of Northwest Bancshares from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.60.
Northwest Bancshares (NASDAQ:NWBI) traded up 2.234% during trading on Monday, hitting $15.785. 185,236 shares of the company traded hands. The firm has a market capitalization of $1.62 billion, a P/E ratio of 18.397 and a beta of 0.63. The stock has a 50-day moving average price of $15.73 and a 200-day moving average price of $16.15. Northwest Bancshares has a 12-month low of $14.95 and a 12-month high of $19.10.
Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings data on Monday, July 24th. The savings and loans company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The firm had revenue of $124.21 million for the quarter, compared to analyst estimates of $116.82 million. Northwest Bancshares had a return on equity of 7.45% and a net margin of 18.91%. Equities analysts expect that Northwest Bancshares will post $0.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Tuesday, August 1st. Northwest Bancshares’s payout ratio is presently 75.29%.
In other Northwest Bancshares news, Director Philip M. Tredway sold 13,560 shares of Northwest Bancshares stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $16.13, for a total transaction of $218,722.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.
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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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