Northwest Bancshares Inc (NASDAQ: NWBI) is 7.29% higher on its value in year-to-date trading and has touched a low of $9.80 and a high of $13.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NWBI stock was last observed hovering at around $13.06 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $13.39, the stock is 16.57% and 19.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 2.53% at the moment leaves the stock 18.05% off its SMA200. NWBI registered 18.50% gain for a year compared to 6-month loss of 11.58%.
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The stock witnessed a 25.02% gain in the last 1 month and extending the period to 3 months gives it a 25.26%, and is 14.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.15% over the week and 2.13% over the month.
Northwest Bancshares Inc (NWBI) has around 2098 employees, a market worth around $1.70B and $731.03M in sales. Current P/E ratio is 13.09 and Fwd P/E is 13.62. Profit margin for the company is 17.80%. Distance from 52-week low is 36.63% and 1.98% from its 52-week high. The company has generated returns on investments over the last 12 months (7.24%).
The EPS is expected to shrink by -17.12% this year
The shares outstanding are 127.11M, and float is at 120.62M with Short Float at 2.50%.
Northwest Bancshares Inc (NWBI) Insider Activity
The most recent transaction is an insider sale by Barnum Carey A., the company’s SVP, Chief Auditor. SEC filings show that Barnum Carey A. sold 78 shares of the company’s common stock on Jun 10 ’24 at a price of $10.67 per share for a total of $832.0. Following the sale, the insider now owns 3506.0 shares.
Northwest Bancshares Inc disclosed in a document filed with the SEC on Jun 07 ’24 that Barnum Carey A. (SVP, Chief Auditor) sold a total of 199 shares of the company’s common stock. The trade occurred on Jun 07 ’24 and was made at $10.85 per share for $2159.0. Following the transaction, the insider now directly holds 3648.0 shares of the NWBI stock.
Still, SEC filings show that on Jun 07 ’24, Cygnar Devin T (EVP, Chief Mktg/Comm. Officer) disposed off 186 shares at an average price of $10.77 for $2003.0. The insider now directly holds 11,186 shares of Northwest Bancshares Inc (NWBI).
