Northwest Bancshares Inc. (NWBI) Reaches New 1-Year High at $15.36
Shares of Northwest Bancshares Inc. (NASDAQ:NWBI) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.36 and last traded at $15.36, with a volume of 621,594 shares. The stock had previously closed at $15.31.
A number of brokerages recently issued reports on NWBI. FBR & Co increased their price target on shares of Northwest Bancshares from $14.00 to $15.00 and gave the stock a “mkt perform” rating in a report on Tuesday, July 26th. Zacks Investment Research downgraded shares of Northwest Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 29th. Finally, Royal Bank Of Canada increased their price target on shares of Northwest Bancshares from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Monday, May 2nd.
The company has a market capitalization of $1.57 billion and a P/E ratio of 37.65. The firm has a 50-day moving average price of $15.04 and a 200-day moving average price of $14.06.
Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings data on Monday, July 25th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.27. On average, equities analysts predict that Northwest Bancshares Inc. will post $0.58 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Thursday, August 4th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 2nd. This represents a $0.60 annualized dividend and a dividend yield of 3.91%.
In related news, insider Julia W. Mctavish sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $14.76, for a total transaction of $36,900.00. Following the completion of the transaction, the insider now owns 51,804 shares in the company, valued at approximately $764,627.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael G. Smelko sold 10,125 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $14.98, for a total value of $151,672.50. Following the transaction, the vice president now owns 72,171 shares of the company’s stock, valued at approximately $1,081,121.58. 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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