In yesterday’s Wall Street session, Northwest Bancshares Inc (NASDAQ:NWBI) shares traded at $14.80, down -0.27% from the previous session.
NWBI stock price is now 7.66% away from the 50-day moving average and 19.99% away from the 200-day moving average. The market capitalization of the company currently stands at $1.89B.
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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, HARVEY WILLIAM W, SEVP, Chief Operating Officer sold 13,614 shares of the company’s stock on Jul 26 ’24. The stock was sold for $192,999 at an average price of $14.18. Upon completion of the transaction, the SEVP, Chief Operating Officer now directly owns 208,302 shares in the company, valued at $3.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 26 ’24, Officer HARVEY WILLIAM W bought 13,614 shares of the business’s stock. A total of $192,442 was incurred on buying the stock at an average price of $14.14. A total of 5.19% of the company’s stock is owned by insiders.
During the past 12 months, Northwest Bancshares Inc has had a low of $10.45 and a high of $15.42. According to the stock market information, the enterprise value for the company is $2108812672, which is based on a 19.58 price-to-earnings ratio, a 2.80 price-to-earnings-growth ratio, and a beta of 0.63. The fifty day moving average price for NWBI is $13.7202 and a two-hundred day moving average price translates $12.3181 for the stock.
The latest earnings results from Northwest Bancshares Inc (NASDAQ: NWBI) was released for 2024-09-30. The net profit margin was 13.16% and return on equity was 6.24% for NWBI. The company reported revenue of $171.38 million for the quarter, compared to $151.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.05 percent.
