Northwest Bancshares Inc (NASDAQ: NWBI) is 17.23% higher on its value in year-to-date trading and has touched a low of $10.45 and a high of $15.35 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 $15.28 in the last trading session, with the day’s loss setting it -0.65%.
Currently trading at $14.63, the stock is 8.02% and 9.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -4.25% at the moment leaves the stock 20.34% off its SMA200. NWBI registered 34.22% gain for a year compared to 6-month gain of 30.98%. The firm has a 50-day simple moving average (SMA 50) of $13.359 and a 200-day simple moving average (SMA200) of $12.14795.
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The stock witnessed a 12.97% loss in the last 1 month and extending the period to 3 months gives it a 14.57%, and is 10.08% 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 3.32% over the week and 2.48% over the month.
Northwest Bancshares Inc (NWBI) has around 2098 employees, a market worth around $1.86B and $731.88M in sales. Current P/E ratio is 19.43 and Fwd P/E is 14.27. Profit margin for the company is 13.17%. Distance from 52-week low is 40.00% and -4.72% from its 52-week high. The company has generated returns on investments over the last 12 months (4.73%).
Northwest Bancshares Inc quarterly earnings per share for the current quarter are estimated at 0.25 with sales reaching $110.62M over the same period.The EPS is expected to shrink by -6.97% this year, but quarterly earnings will post -1.00% year-over-year. Quarterly sales are estimated to grow 4.10% in year-over-year returns.
303.0 institutions hold shares in Northwest Bancshares Inc (NWBI), with institutional investors hold 68.35% of the company’s shares. The shares outstanding are 127.11M, and float is at 120.70M with Short Float at 2.02%. Institutions hold 67.64% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 18.43 million shares valued at $212.84 million. The investor’s holdings represent 14.5311 of the NWBI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.78 million shares valued at $170.74 million to account for 11.6567 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 8.76 million shares representing 6.9086 and valued at over $101.19 million, while STATE STREET CORP holds 5.7007 of the shares totaling 7.23 million with a market value of $83.5 million.
Northwest Bancshares Inc (NWBI) Insider Activity
The most recent transaction is an insider sale by HARVEY WILLIAM W, the company’s SEVP, Chief Operating Officer. SEC filings show that HARVEY WILLIAM W sold 13,614 shares of the company’s common stock on Jul 26 ’24 at a price of $14.18 per share for a total of $0.19 million. Following the sale, the insider now owns 0.21 million shares.
Still, SEC filings show that on Jul 25 ’24, Meegan John P (Director) disposed off 7,200 shares at an average price of $14.16 for $0.1 million. The insider now directly holds 76,324 shares of Northwest Bancshares Inc (NWBI).
