Northwest Bancshares - NWBI Stock Forecast, Price & News

Northwest Bancshares, Inc. operates as the holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts. It also offers loan products comprising one-to-four-family residential real estate loans and loans collateralized by multi-family residential and commercial real estate; commercial business loans; and consumer loans, including automobile loans, sales finance loans, unsecured personal loans, credit card loans, and loans secured by deposit accounts. The company also offers investment management and trust services. As of December 31, 2021, it operated 170 community-banking locations in Pennsylvania, Western New York, Eastern Ohio, and Indiana. Northwest Bancshares, Inc. was founded in 1896 and is headquartered in Columbus, Ohio.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NWBI. DA Davidson restated a "neutral" rating on shares of Northwest Bancshares in a research note on Wednesday, July 27th. Piper Sandler downgraded Northwest Bancshares from a "neutral" rating to an "underweight" rating and reduced their price objective for the stock from $14.00 to $12.00 in a research report on Friday, May 6th. Finally, B. Riley reduced their price objective on Northwest Bancshares from $14.00 to $11.00 in a research report on Monday, July 11th.

Northwest Bancshares Stock Performance

Shares of NWBI Stock traded up $0.23 during mid-day trading on Tuesday, reaching $14.43. The stock had a trading volume of 684,860 shares, compared to its average volume of 929,159. The firm's 50 day simple moving average is $13.03 and its 200 day simple moving average is $13.30. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.25. Northwest Bancshares has a one year low of $12.04 and a one year high of $15.15. The firm has a market cap of $1.83 billion, a PE ratio of 14.58 and a beta of 0.57.

Northwest Bancshares (NASDAQ:NWBI - Get Rating) last announced its quarterly earnings data on Monday, July 25th. The savings and loans company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.03. Northwest Bancshares had a return on equity of 8.23% and a net margin of 24.27%. The company had revenue of $130.71 million during the quarter, compared to the consensus estimate of $123.21 million. On average, analysts forecast that Northwest Bancshares will post 1.06 EPS for the current year.

Northwest Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Thursday, August 4th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 3rd. This represents a $0.80 annualized dividend and a dividend yield of 5.54%. Northwest Bancshares's dividend payout ratio (DPR) is presently 80.81%.

Insider Buying and Selling

In related news, EVP Ronald B. Andzelik sold 7,590 shares of the firm's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $12.58, for a total transaction of $95,482.20. Following the completion of the transaction, the executive vice president now owns 57,102 shares in the company, valued at approximately $718,343.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Ronald B. Andzelik sold 7,590 shares of the firm's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $12.58, for a total transaction of $95,482.20. Following the completion of the transaction, the executive vice president now owns 57,102 shares in the company, valued at approximately $718,343.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Deborah J. Esq. Chadsey sold 7,200 shares of the firm's stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $12.50, for a total value of $90,000.00. Following the transaction, the director now owns 30,746 shares of the company's stock, valued at approximately $384,325. The disclosure for this sale can be found here. Insiders sold 15,905 shares of company stock worth $199,712 in the last 90 days. 1.00% of the stock is owned by company insiders.