Northwest Bancshares (NWBI) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Northwest Bancshares in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NWBI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NWBI, but not buy additional shares or sell existing shares.
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2 equities research analysts have issued 1 year price objectives for Northwest Bancshares' shares. Their NWBI share price forecasts range from $10.00 to $15.00. On average, they expect the company's stock price to reach $12.33 in the next year. This suggests a possible upside of 24.2% from the stock's current price.
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Northwest Bancshares' stock was trading at $13.98 at the start of the year. Since then, NWBI shares have decreased by 29.0% and is now trading at $9.93.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our NWBI earnings forecast.

Northwest Bancshares, Inc. (NASDAQ:NWBI) released its quarterly earnings data on Monday, July, 24th. The savings and loans company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The savings and loans company earned $173.79 million during the quarter, compared to the consensus estimate of $135.68 million. Northwest Bancshares had a trailing twelve-month return on equity of 9.70% and a net margin of 21.88%.

Northwest Bancshares announced a quarterly dividend on Monday, July 24th. Shareholders of record on Thursday, August 3rd will be given a dividend of $0.20 per share on Monday, August 14th. This represents a $0.80 annualized dividend and a yield of 8.06%. The ex-dividend date of this dividend is Wednesday, August 2nd.
Read our dividend analysis for NWBI.

ETFs with the largest weight of Northwest Bancshares (NASDAQ:NWBI) stock in their portfolio include Invesco High Yield Equity Dividend Achievers ETF (PEY), Invesco KBW High Dividend Yield Financial ETF (KBWD), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco S&P SmallCap Low Volatility ETF (XSLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), WBI Power Factor High Dividend ETF (WBIY), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and Timothy Plan US Small Cap Core ETF (TPSC).

Northwest Bancshares (NASDAQ:NWBI) pays an annual dividend of $0.80 per share and currently has a dividend yield of 7.94%. NWBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 74.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, NWBI will have a dividend payout ratio of 88.89% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for NWBI.

16 employees have rated Northwest Bancshares Chief Executive Officer Ronald J. Seiffert on Glassdoor.com. Ronald J. Seiffert has an approval rating of 50% among the company's employees. This puts Ronald J. Seiffert in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Northwest Bancshares investors own include AT&T (T), AGNC Investment (AGNC), Enterprise Products Partners (EPD), Omega Healthcare Investors (OHI), Verizon Communications (VZ), AbbVie (ABBV), Ares Capital (ARCC), Cisco Systems (CSCO), Energy Transfer (ET) and

Northwest Bancshares trades on the NASDAQ under the ticker symbol "NWBI."

Northwest Bancshares' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.65%), Dimensional Fund Advisors LP (6.93%), State Street Corp (5.70%), Charles Schwab Investment Management Inc. (2.65%), Victory Capital Management Inc. (2.40%) and Geode Capital Management LLC (2.04%). Insiders that own company stock include Carey A Barnum, David M Tullio, David Wayne Heeter, Deborah J Esq Chadsey, James M Colestro, Jeffrey J Maddigan, John P Meegan, Julia W Mctavish, Louis J Torchio, Louis J Torchio, Mark A Paup, Mark T Reitzes, Ronald B Andzelik, Scott J Watson, Shawn O Walker, Sonia M Probst, Thomas K Iv Creal, Timothy B Fannin, Timothy M Hunter, Timothy M Hunter and William W Harvey.
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Shares of NWBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NWBI stock can currently be purchased for approximately $9.93.

Northwest Bancshares (NASDAQ:NWBI) has a market capitalization of $1.26 billion and generates $559.65 million in revenue each year. The savings and loans company earns $133.67 million in net income (profit) each year or $1.08 on an earnings per share basis.

The company employs 2,228 workers across the globe.

Northwest Bancshares' mailing address is 100 LIBERTY STREET, WARREN PA, 16365. The official website for the company is www.northwest.bank. The savings and loans company can be reached via phone at (814) 726-2140 or via fax at 814-728-7716.