Northwest Bancshares, Inc. (NASDAQ:NWBI) has received an average rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $17.25.
Several equities research analysts have issued reports on NWBI shares. Boenning Scattergood reiterated a “hold” rating on shares of Northwest Bancshares in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 price objective on shares of Northwest Bancshares in a report on Sunday, October 8th. BidaskClub upgraded shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Zacks Investment Research lowered shares of Northwest Bancshares from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th.
In other news, EVP Jonathan P. Scalise sold 19,172 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $17.01, for a total value of $326,115.72. Following the completion of the sale, the executive vice president now directly owns 35,202 shares in the company, valued at approximately $598,786.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Timothy M. Hunter acquired 2,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was acquired at an average price of $16.75 per share, with a total value of $33,500.00. Following the completion of the acquisition, the director now owns 15,100 shares in the company, valued at approximately $252,925. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 38,764 shares of company stock valued at $657,855. Company insiders own 2.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in Northwest Bancshares by 2.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,284 shares of the savings and loans company’s stock valued at $114,000 after buying an additional 180 shares during the last quarter. Shelton Capital Management bought a new stake in Northwest Bancshares during the 2nd quarter valued at $158,000. Clinton Group Inc. bought a new stake in Northwest Bancshares during the 2nd quarter valued at $160,000. Coldstream Capital Management Inc. bought a new stake in Northwest Bancshares during the 2nd quarter valued at $161,000. Finally, Algert Global LLC bought a new stake in Northwest Bancshares during the 3rd quarter valued at $205,000. Institutional investors own 64.83% of the company’s stock.
Shares of Northwest Bancshares (NASDAQ NWBI) traded down $0.10 during trading on Friday, reaching $16.80. 137,700 shares of the company’s stock traded hands, compared to its average volume of 533,451. Northwest Bancshares has a twelve month low of $14.95 and a twelve month high of $18.63. The company has a market capitalization of $1,735.42, a price-to-earnings ratio of 19.88, a PEG ratio of 1.64 and a beta of 0.64. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.18.
Northwest Bancshares (NASDAQ:NWBI) last announced its earnings results on Monday, January 22nd. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. Northwest Bancshares had a net margin of 20.11% and a return on equity of 7.23%. The business had revenue of $107.15 million during the quarter, compared to analyst estimates of $108.15 million. analysts anticipate that Northwest Bancshares will post 1.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.05%. This is a positive change from Northwest Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, January 31st. Northwest Bancshares’s payout ratio is presently 73.91%.
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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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