Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Northwest Bancshares (NWBI) Share Price

Press coverage about Northwest Bancshares (NASDAQ:NWBI) has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Northwest Bancshares earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the savings and loans company an impact score of 45.9897878525395 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research cut shares of Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Boenning Scattergood reiterated a “hold” rating on shares of Northwest Bancshares in a research report on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $16.00 price target on shares of Northwest Bancshares in a research report on Sunday, October 8th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $17.25.

Shares of Northwest Bancshares (NASDAQ:NWBI) opened at $16.97 on Tuesday. Northwest Bancshares has a 12-month low of $14.95 and a 12-month high of $18.63. The firm has a market cap of $1,740.00, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.66 and a beta of 0.63. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.99 and a current ratio of 0.99.

Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings results on Monday, October 23rd. The savings and loans company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Northwest Bancshares had a net margin of 20.59% and a return on equity of 7.54%. The business had revenue of $107.83 million during the quarter, compared to analysts’ expectations of $106.63 million. equities research analysts anticipate that Northwest Bancshares will post 0.83 EPS for the current year.

In other news, EVP Jonathan P. Scalise sold 6,047 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $17.21, for a total value of $104,068.87. Following the completion of the transaction, the executive vice president now owns 18,402 shares of the company’s stock, valued at $316,698.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Ronald J. Seiffert acquired 6,300 shares of the stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of $16.30 per share, with a total value of $102,690.00. Following the purchase, the chief operating officer now owns 6,300 shares of the company’s stock, valued at approximately $102,690. The disclosure for this purchase can be found here. In the last three months, insiders sold 25,639 shares of company stock valued at $435,808. Insiders own 2.00% 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.

Insider Buying and Selling by Quarter for Northwest Bancshares (NASDAQ:NWBI)

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