Somewhat Positive Media Coverage Somewhat Unlikely to Affect Northwest Bancshares (NWBI) Share Price
News headlines about Northwest Bancshares (NASDAQ:NWBI) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative 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 negative one to one, with scores nearest to one being the most favorable. Northwest Bancshares earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the savings and loans company an impact score of 45.9767547064129 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several equities research analysts recently commented on NWBI shares. Zacks Investment Research upgraded Northwest Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Keefe, Bruyette & Woods restated a “hold” rating and set a $16.00 target price on shares of Northwest Bancshares in a research report on Sunday, October 8th. Finally, BidaskClub lowered Northwest Bancshares from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.50.
Shares of Northwest Bancshares (NWBI) traded down 0.23% on Tuesday, reaching $17.46. The company’s stock had a trading volume of 96,097 shares. The company’s 50 day moving average price is $16.52 and its 200 day moving average price is $16.04. The company has a market cap of $1.79 billion, a P/E ratio of 20.35 and a beta of 0.65. Northwest Bancshares has a 12-month low of $14.95 and a 12-month high of $19.10.
Northwest Bancshares (NASDAQ:NWBI) last posted its earnings results on Monday, July 24th. The savings and loans company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Northwest Bancshares had a return on equity of 7.45% and a net margin of 18.91%. The firm had revenue of $124.21 million for the quarter, compared to the consensus estimate of $116.82 million. Analysts forecast that Northwest Bancshares will post $0.93 EPS for the current fiscal year.
In other news, Director Philip M. Tredway sold 13,560 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $16.13, for a total value of $218,722.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Young sold 5,625 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $16.18, for a total value of $91,012.50. Following the completion of the sale, the executive vice president now directly owns 60,254 shares in the company, valued at $974,909.72. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.
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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