Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Northwest Bancshares (NWBI) Stock Price
Media headlines about Northwest Bancshares (NASDAQ:NWBI) have trended somewhat positive on Thursday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Northwest Bancshares earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the savings and loans company an impact score of 45.9350445539063 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Northwest Bancshares (NWBI) Upgraded to “Strong-Buy” at Zacks Investment Research (americanbankingnews.com)
- Why Northwest Bancshares Inc’s (NASDAQ:NWBI) Investor Composition Impacts Your Returns (finance.yahoo.com)
- Local stocks: Mostly good news in ’17 (goerie.com)
- ETFs with exposure to Northwest Bancshares, Inc. (Pennsylvania) : December 28, 2017 (finance.yahoo.com)
Northwest Bancshares (NASDAQ NWBI) opened at $16.41 on Thursday. 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 company has a market capitalization of $1,710.00, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.64 and a beta of 0.63. Northwest Bancshares has a 1 year low of $14.95 and a 1 year high of $18.63.
A number of research analysts recently weighed in on NWBI shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.00 price objective on shares of Northwest Bancshares in a research note on Sunday, October 8th. BidaskClub downgraded Northwest Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Zacks Investment Research downgraded Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Northwest Bancshares in a research report on Tuesday, October 24th. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $17.25.
In related news, Director Timothy M. Hunter purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were acquired at an average price of $16.75 per share, with a total value of $33,500.00. Following the purchase, the director now directly owns 15,100 shares in the company, valued at $252,925. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William W. Harvey sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $17.28, for a total value of $172,800.00. Following the completion of the sale, the chief financial officer now directly owns 158,649 shares in the company, valued at approximately $2,741,454.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,639 shares of company stock worth $435,808. 2.00% of the stock is currently owned by company insiders.
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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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