News stories about Northwest Bancshares (NASDAQ:NWBI) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring 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 closest to one being the most favorable. Northwest Bancshares earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the savings and loans company an impact score of 46.6982383538005 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Northwest Bancshares (NWBI) traded down 0.34% during trading on Monday, hitting $17.60. 289,366 shares of the company’s stock were exchanged. Northwest Bancshares has a 12-month low of $14.95 and a 12-month high of $19.10. The company’s 50-day moving average price is $16.79 and its 200 day moving average price is $16.08. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 20.51 and a beta of 0.65.
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, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $124.21 million during the quarter, compared to analyst estimates of $116.82 million. Northwest Bancshares had a net margin of 24.94% and a return on equity of 10.47%. Equities analysts forecast that Northwest Bancshares will post $0.93 earnings per share for the current fiscal year.
A number of analysts have commented on NWBI shares. Zacks Investment Research raised shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.00 target price on shares of Northwest Bancshares in a report on Sunday, October 8th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.50.
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In other news, EVP Andrew Young sold 5,625 shares of Northwest Bancshares 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 transaction, the executive vice president now directly owns 60,254 shares of the company’s stock, valued at approximately $974,909.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Philip M. Tredway sold 13,560 shares of Northwest Bancshares stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $16.13, for a total transaction of $218,722.80. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
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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