Northwest Bancshares Inc. (NWBI) Hits New 52-Week High at $15.29
Shares of Northwest Bancshares Inc. (NASDAQ:NWBI) reached a new 52-week high during trading on Friday . The stock traded as high as $15.29 and last traded at $15.29, with a volume of 361,377 shares traded. The stock had previously closed at $15.19.
Several research firms have recently commented on NWBI. FBR & Co raised their target price on shares of Northwest Bancshares from $14.00 to $15.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, July 26th. Zacks Investment Research cut shares of Northwest Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 29th. Finally, Royal Bank Of Canada raised their target price on shares of Northwest Bancshares from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Monday, May 2nd.
The company has a market capitalization of $1.56 billion and a PE ratio of 37.40. The company’s 50 day moving average is $14.97 and its 200 day moving average is $13.97.
Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings results on Monday, July 25th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.27. On average, equities analysts forecast that Northwest Bancshares Inc. will post $0.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Thursday, August 4th were issued a $0.15 dividend. The ex-dividend date was Tuesday, August 2nd. This represents a $0.60 annualized dividend and a yield of 3.93%.
In other Northwest Bancshares news, CFO William W. Harvey sold 12,937 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $14.77, for a total transaction of $191,079.49. Following the completion of the sale, the chief financial officer now owns 138,802 shares in the company, valued at $2,050,105.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan P. Scalise sold 4,313 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $14.69, for a total transaction of $63,357.97. Following the sale, the executive vice president now owns 18,599 shares of the company’s stock, valued at approximately $273,219.31. The disclosure for this sale can be found here.
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 subsidiary, Northwest Bank, is a Pennsylvania-chartered stock savings bank.
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