In yesterday’s Wall Street session, Northwest Bancshares Inc (NASDAQ:NWBI) shares traded at $11.09, up 0.27% from the previous session.
NWBI stock price is now 0.07% away from the 50-day moving average and -1.77% away from the 200-day moving average. The market capitalization of the company currently stands at $1.41B.
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With the price target of $15, Janney recently initiated with Neutral rating for Northwest Bancshares Inc (NASDAQ: NWBI). On May 06, 2022, Piper Sandler Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock reducing its target price from $14 to quote $12, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Hunter Timothy M, Director bought 10,000 shares of the company’s stock on May 16 ’24. The stock was bought for $113,000 at an average price of $11.30. Upon completion of the transaction, the Director now directly owns 161,474 shares in the company, valued at $1.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08 ’24, EVP, Chief Mktg/Comm. Officer Cygnar Devin T sold 3,843 shares of the business’s stock. A total of $42,580 was realized by selling the stock at an average price of $11.08. This leaves the insider owning 11,823 shares of the company worth $0.13 million. A total of 5.21% of the company’s stock is owned by insiders.
During the past 12 months, Northwest Bancshares Inc has had a low of $9.80 and a high of $13.07. According to the stock market information, the enterprise value for the company is $1933947776, which is based on a 10.84 price-to-earnings ratio, a 1.55 price-to-earnings-growth ratio, and a beta of 0.62. The fifty day moving average price for NWBI is $11.086 and a two-hundred day moving average price translates $11.2853 for the stock.
The latest earnings results from Northwest Bancshares Inc (NASDAQ: NWBI) was released for 2024-03-31. According to the Banks – Regional Company, earnings per share came in at 0.26, inline with analysts’ expectations of 0.26. This compares to $0.26 EPS in the same period last year. The net profit margin was 17.80% and return on equity was 8.49% for NWBI. The company reported revenue of $160.24 million for the quarter, compared to $134.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.75 percent. For the current quarter, analysts expect NWBI to generate $109.2M in revenue.
