News coverage about Northwest Bancshares (NASDAQ:NWBI) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing 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 closest to one being the most favorable. Northwest Bancshares earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave headlines about the savings and loans company an impact score of 45.5445402013719 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s analysis:
- NORTHWEST BANCSHARES (NWBI) SHAREHOLDER ALERT (abc-7.com)
- NORTHWEST BANCSHARES (NWBI) SHAREHOLDER ALERT – Andrews & Springer LLC is Investigating Northwest Bancshares, Inc. for Potential Breaches of Fiduciary Duty and Securities Violations (finance.yahoo.com)
- Northwest CEO: Bank has ‘never been in a better position to compete’ (finance.yahoo.com)
- Philip M. Tredway Sells 5,714 Shares of Northwest Bancshares, Inc. (NWBI) Stock (americanbankingnews.com)
NWBI has been the subject of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.00 target price on shares of Northwest Bancshares in a report on Tuesday, February 27th. Zacks Investment Research downgraded Northwest Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Boenning Scattergood reaffirmed a “hold” rating on shares of Northwest Bancshares in a report on Tuesday, January 23rd. Finally, BidaskClub raised Northwest Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Five equities research analysts have rated the stock with a hold rating, Northwest Bancshares has a consensus rating of “Hold” and an average target price of $17.33.
Northwest Bancshares (NASDAQ:NWBI) last released its earnings results on Monday, January 22nd. The savings and loans company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Northwest Bancshares had a return on equity of 7.23% and a net margin of 20.11%. The firm had revenue of $107.15 million during the quarter, compared to the consensus estimate of $108.15 million. analysts expect that Northwest Bancshares will post 1.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were issued a dividend of $0.17 per share. This is an increase from Northwest Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date was Wednesday, January 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.00%. Northwest Bancshares’s payout ratio is 73.91%.
In other Northwest Bancshares news, EVP Gerald J. Ritzert sold 10,800 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $16.57, for a total value of $178,956.00. Following the completion of the transaction, the executive vice president now directly owns 45,857 shares of the company’s stock, valued at $759,850.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Philip M. Tredway sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $17.18, for a total value of $98,166.52. Following the completion of the transaction, the director now directly owns 21,888 shares of the company’s stock, valued at $376,035.84. The disclosure for this sale can be found here. Insiders have sold 38,371 shares of company stock valued at $647,733 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.
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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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