Weekly Analysts’ Ratings Changes for Northwest Bancshares (NWBI)

A number of firms have modified their ratings and price targets on shares of Northwest Bancshares (NASDAQ: NWBI) recently:

  • 6/25/2019 – Northwest Bancshares was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Northwest Bancorp, Inc. is a bank holding company whose sole activity is the ownership of all of the issued and outstanding common stock of Northwest Savings Bank and the majority ownership of Jamestown Savings Bank. Northwest Savings Bank is a stock savings bank. The bank is a community-oriented institution offering traditional deposit and loan products, and through its subsidiaries, consumer finance services. “
  • 6/24/2019 – Northwest Bancshares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/20/2019 – Northwest Bancshares had its “neutral” rating reaffirmed by analysts at Boenning Scattergood.
  • 6/19/2019 – Northwest Bancshares was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Northwest Bancorp, Inc. is a bank holding company whose sole activity is the ownership of all of the issued and outstanding common stock of Northwest Savings Bank and the majority ownership of Jamestown Savings Bank. Northwest Savings Bank is a stock savings bank. The bank is a community-oriented institution offering traditional deposit and loan products, and through its subsidiaries, consumer finance services. “
  • 5/14/2019 – Northwest Bancshares was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of NASDAQ NWBI opened at $17.07 on Wednesday. The stock’s 50-day moving average is $17.11. The firm has a market cap of $1.75 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 2.18 and a beta of 0.68. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.18. Northwest Bancshares, Inc. has a 12-month low of $15.50 and a 12-month high of $18.81.

Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings results on Wednesday, April 17th. The savings and loans company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.01). The company had revenue of $109.64 million for the quarter, compared to analyst estimates of $110.59 million. Northwest Bancshares had a return on equity of 8.48% and a net margin of 22.08%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.24 EPS. On average, research analysts predict that Northwest Bancshares, Inc. will post 1.11 earnings per share for the current year.

In other Northwest Bancshares news, Director Robert M. Campana sold 11,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $17.03, for a total transaction of $187,330.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Timothy M. Hunter bought 4,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were acquired at an average price of $17.15 per share, for a total transaction of $68,600.00. The disclosure for this purchase can be found here. 1.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in NWBI. Resources Investment Advisors Inc. increased its stake in shares of Northwest Bancshares by 23.8% in the 1st quarter. Resources Investment Advisors Inc. now owns 4,566 shares of the savings and loans company’s stock valued at $77,000 after acquiring an additional 879 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Northwest Bancshares by 13.9% in the 4th quarter. Bank of Montreal Can now owns 5,588 shares of the savings and loans company’s stock valued at $94,000 after acquiring an additional 683 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Northwest Bancshares in the 1st quarter valued at about $146,000. Sciencast Management LP bought a new stake in shares of Northwest Bancshares in the 1st quarter valued at about $198,000. Finally, HRT Financial LLC bought a new stake in shares of Northwest Bancshares in the 4th quarter valued at about $215,000. Institutional investors own 72.09% of the company’s stock.

Northwest Bancshares, Inc is a holding company. It offers personal & business banking products including employee benefits, investment management services, insurance and trust. It engages in collecting deposits and making loans secured by various types of collateral, including real estate and other assets.

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