Media stories about Northwest Bancshares (NASDAQ:NWBI) have trended somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Northwest Bancshares earned a news impact score of 0.09 on Accern’s scale. Accern also gave news coverage about the savings and loans company an impact score of 46.0028452480782 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of research firms have commented on NWBI. BidaskClub upgraded shares of Northwest Bancshares from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company currently has an average rating of “Sell” and an average target price of $17.00.
Northwest Bancshares (NWBI) traded up 0.79% during mid-day trading on Friday, reaching $16.66. 349,925 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.71 billion, a PE ratio of 19.42 and a beta of 0.63. The firm’s 50-day moving average is $15.76 and its 200 day moving average is $16.04. Northwest Bancshares has a 1-year low of $14.95 and a 1-year high of $19.10.
Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings results on Monday, July 24th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. Northwest Bancshares had a net margin of 18.91% and a return on equity of 7.45%. The company had revenue of $124.21 million for the quarter, compared to the consensus estimate of $116.82 million. Analysts forecast that Northwest Bancshares will post $0.93 earnings per share for the current fiscal year.
In other Northwest Bancshares news, Director Philip M. Tredway sold 13,560 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $16.13, for a total value of $218,722.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andrew Young sold 5,625 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $16.18, for a total transaction of $91,012.50. Following the completion of the sale, the executive vice president now directly owns 60,254 shares in the company, valued at approximately $974,909.72. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
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Northwest Bancshares Company Profile
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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