Somewhat Favorable News Coverage Somewhat Unlikely to Affect Northwest Bancshares (NWBI) Share Price
Media coverage about Northwest Bancshares (NASDAQ:NWBI) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Northwest Bancshares earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the savings and loans company an impact score of 44.3209054501451 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Northwest Bancshares (NASDAQ:NWBI) opened at $16.69 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1,734.40, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.64 and a beta of 0.64. Northwest Bancshares has a twelve month low of $14.95 and a twelve month high of $18.63.
Northwest Bancshares (NASDAQ:NWBI) last issued its earnings results on Monday, January 22nd. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $107.15 million during the quarter, compared to analysts’ expectations of $108.15 million. Northwest Bancshares had a return on equity of 7.23% and a net margin of 20.11%. equities research analysts anticipate that Northwest Bancshares will post 1.03 earnings per share for the current year.
Several analysts have issued reports on the company. Zacks Investment Research upgraded Northwest Bancshares from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a report on Wednesday, January 3rd. Boenning Scattergood restated a “hold” rating on shares of Northwest Bancshares in a report on Tuesday, January 23rd. Finally, BidaskClub cut Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Six investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $17.25.
In other news, EVP Gerald J. Ritzert sold 10,800 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $16.57, for a total transaction of $178,956.00. Following the completion of the transaction, the executive vice president now directly owns 45,857 shares in the company, valued at approximately $759,850.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jonathan P. Scalise sold 19,172 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $17.01, for a total value of $326,115.72. Following the transaction, the executive vice president now owns 35,202 shares of the company’s stock, valued at $598,786.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,964 shares of company stock valued at $859,911. Company 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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