Northwest Bancshares Inc (NASDAQ: NWBI) is 0.15% higher on its value in year-to-date trading and has touched a low of $10.45 and a high of $15.42 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 $13.00 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $13.21, the stock is 1.28% and -3.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 1.62% at the moment leaves the stock 3.26% off its SMA200. NWBI registered 2.32% gain for a year compared to 6-month loss of -5.91%. The firm has a 50-day simple moving average (SMA 50) of $13.717 and a 200-day simple moving average (SMA200) of $12.7928.
The stock witnessed a 0.23% gain in the last 1 month and extending the period to 3 months gives it a -1.86%, and is 0.15% 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 2.50% over the week and 2.28% over the month.
Northwest Bancshares Inc (NWBI) has around 1956 employees, a market worth around $1.68B and $755.93M in sales. Current P/E ratio is 16.76 and Fwd P/E is 10.01. Profit margin for the company is 13.25%. Distance from 52-week low is 26.41% and -14.33% from its 52-week high. The company has generated returns on investments over the last 12 months (4.91%).
The EPS is expected to grow by 2.72% this year.
Northwest Bancshares Inc (NWBI) Top Institutional Holders
310.0 institutions hold shares in Northwest Bancshares Inc (NWBI), with institutional investors hold 69.15% of the company’s shares. The shares outstanding are 127.51M, and float is at 120.75M with Short Float at 2.69%. Institutions hold 68.38% 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 purchase by Hunter Timothy M, the company’s Director. SEC filings show that Hunter Timothy M bought 10,000 shares of the company’s common stock on Jan 31 ’25 at a price of $13.13 per share for a total of $0.13 million. Following the purchase, the insider now owns 0.17 million shares.
Northwest Bancshares Inc disclosed in a document filed with the SEC on Jan 28 ’25 that Fannin Timothy B (Director) sold a total of 3,500 shares of the company’s common stock. The trade occurred on Jan 28 ’25 and was made at $13.03 per share for $45588.0. Following the transaction, the insider now directly holds 23264.0 shares of the NWBI stock.
Still, SEC filings show that on Jul 26 ’24, HARVEY WILLIAM W (SEVP, Chief Operating Officer) disposed off 13,614 shares at an average price of $14.18 for $0.19 million. The insider now directly holds 208,302 shares of Northwest Bancshares Inc (NWBI).
