News headlines about Northwest Bancshares (NASDAQ:NWBI) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Northwest Bancshares earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the savings and loans company an impact score of 45.1013938955695 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of equities research analysts have recently commented on the company. 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. Zacks Investment Research cut Northwest Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, BidaskClub cut Northwest Bancshares from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $16.50.
Northwest Bancshares (NWBI) traded down 0.51% during midday trading on Wednesday, reaching $17.47. The company had a trading volume of 135,031 shares. The stock has a market capitalization of $1.79 billion, a PE ratio of 20.08 and a beta of 0.65. Northwest Bancshares has a 1-year low of $14.95 and a 1-year high of $19.10. The firm’s 50 day moving average is $16.34 and its 200 day moving average is $16.02.
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. The business had revenue of $124.21 million for the quarter, compared to analyst estimates of $116.82 million. Northwest Bancshares had a net margin of 18.91% and a return on equity of 7.45%. On average, equities analysts anticipate 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 stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $16.13, for a total value of $218,722.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Andrew Young sold 5,625 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $16.18, for a total transaction of $91,012.50. Following the completion of the sale, the executive vice president now 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 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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