Northwest Bancshares (NWBI) Receives Daily Media Sentiment Rating of 0.07
Headlines about Northwest Bancshares (NASDAQ:NWBI) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Northwest Bancshares earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the savings and loans company an impact score of 45.7943043677858 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research firms have recently commented on NWBI. Boenning Scattergood reaffirmed a “hold” rating on shares of Northwest Bancshares in a report on Tuesday, October 24th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.00 target price on shares of Northwest Bancshares in a report on Sunday, October 8th. Finally, Zacks Investment Research cut shares of Northwest Bancshares from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Northwest Bancshares has a consensus rating of “Hold” and an average target price of $16.67.
Northwest Bancshares (NWBI) opened at $16.93 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1,770.00, a PE ratio of 18.93, a PEG ratio of 1.97 and a beta of 0.64. Northwest Bancshares has a twelve month low of $14.95 and a twelve month high of $19.10.
Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings results on Monday, October 23rd. The savings and loans company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. The business had revenue of $107.83 million during the quarter, compared to the consensus estimate of $106.63 million. Northwest Bancshares had a net margin of 20.59% and a return on equity of 7.54%. analysts forecast that Northwest Bancshares will post 0.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were issued a $0.16 dividend. The ex-dividend date was Wednesday, November 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.78%. Northwest Bancshares’s dividend payout ratio is 67.37%.
In other Northwest Bancshares news, EVP Jonathan P. Scalise sold 6,047 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $17.21, for a total transaction of $104,068.87. Following the completion of the sale, the executive vice president now owns 18,402 shares of the company’s stock, valued at $316,698.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew Young sold 5,625 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $16.18, for a total value of $91,012.50. Following the completion of the sale, the executive vice president now directly owns 60,254 shares of the company’s stock, valued at $974,909.72. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
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About Northwest Bancshares
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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