Media headlines about Northwest Bancshares (NASDAQ:NWBI) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Northwest Bancshares earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the savings and loans company an impact score of 45.8501317943767 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Northwest Bancshares (NASDAQ NWBI) opened at $16.89 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.99 and a current ratio of 0.99. Northwest Bancshares has a one year low of $14.95 and a one year high of $19.10. The stock has a market cap of $1,732.23, a P/E ratio of 19.18, a PEG ratio of 2.00 and a beta of 0.63.
Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings results on Monday, October 23rd. The savings and loans company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Northwest Bancshares had a net margin of 20.59% and a return on equity of 7.54%. The company had revenue of $107.83 million during the quarter, compared to analyst estimates of $106.63 million. research analysts expect that Northwest Bancshares will post 0.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, November 1st. This represents a $0.64 annualized dividend and a dividend yield of 3.79%. Northwest Bancshares’s payout ratio is currently 68.09%.
Several research firms have commented on NWBI. Zacks Investment Research lowered shares of Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. Boenning Scattergood reiterated a “hold” rating on shares of Northwest Bancshares in a research note on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $16.00 price target on shares of Northwest Bancshares in a research note on Sunday, October 8th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Northwest Bancshares has a consensus rating of “Hold” and a consensus target price of $16.67.
In related news, EVP Andrew Young sold 5,625 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $16.18, for a total value 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 can be accessed through this link. Also, EVP Jonathan P. Scalise sold 6,047 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $17.21, for a total transaction of $104,068.87. Following the completion of the transaction, the executive vice president now directly owns 18,402 shares of the company’s stock, valued at $316,698.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,672 shares of company stock valued at $367,881. 2.00% of the stock is currently owned by company 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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