Northwest Bancshares (NWBI) Stock Price, News & Analysis

Company Overview

Northwest Bancshares, Inc. operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts. It also offers loan products comprising one-to-four-family residential real estate loans, shorter term consumer loans, and loans collateralized by multi-family residential and commercial real estate; home equity loans and lines of credit; commercial business and real estate loans; commercial loans; and consumer loans, including automobile loans, sales finance loans, unsecured personal loans, credit card loans, and loans secured by investment accounts, as well as investment management and trust services. The company operates community banking locations in Pennsylvania, Western New York, Eastern Ohio, and Indiana. Northwest Bancshares, Inc. was founded in 1896 and is headquartered in Columbus, Ohio.

Key Stats

• Today's Range: $13.62 to $13.82
• 50-Day Range: $12.69 to $13.85
• 52-Week Range: $9.80 to $14.55
• Volume: 476,055 shs
• Average Volume: 722,501 shs
• Market Capitalization: $1.76 billion
• P/E Ratio: 17.05
• Dividend Yield: 5.79%
• Price Target: $11.00
• Consensus Rating: Reduce

Northwest Bancshares Stock Analysis - MarketRank™

Northwest Bancshares scored higher than 63% of companies evaluated by MarketBeat, and ranked 502nd out of 911 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Northwest Bancshares has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Northwest Bancshares has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.22%

Earnings Growth

Earnings for Northwest Bancshares are expected to grow by 7.22% in the coming year, from $0.97 to $1.04 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Northwest Bancshares is 17.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.86.

Price to Earnings Ratio vs. Sector

The P/E ratio of Northwest Bancshares is 17.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.84.

Price to Book Value per Share Ratio

Northwest Bancshares has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.14% of the float of Northwest Bancshares has been sold short.

Short Interest Ratio / Days to Cover

Northwest Bancshares has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Northwest Bancshares has recently decreased by 13.71%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Northwest Bancshares is a leading dividend payer. It pays a dividend yield of 5.97%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Northwest Bancshares does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Northwest Bancshares is 77.67%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Northwest Bancshares will have a dividend payout ratio of 76.92% in the coming year. This indicates that Northwest Bancshares may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.14% of the float of Northwest Bancshares has been sold short.

Short Interest Ratio / Days to Cover

Northwest Bancshares has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Northwest Bancshares has recently decreased by 13.71%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: N/A

News Sentiment

Northwest Bancshares has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Finance companies.

Search Interest

9 people have searched for NWBI on MarketBeat in the last 30 days. This is an increase of 350% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Northwest Bancshares to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Northwest Bancshares insiders have sold 196.99% more of their company's stock than they have bought. Specifically, they have bought $99,330.00 in company stock and sold $294,999.00 in company stock.

Percentage Held by Insiders

Only 1.10% of the stock of Northwest Bancshares is held by insiders.

Percentage Held by Institutions

66.32% of the stock of Northwest Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NWBI Stock Analysis - Frequently Asked Questions

How have NWBI shares performed this year?

Northwest Bancshares' stock was trading at $12.48 at the beginning of 2024. Since then, NWBI stock has increased by 10.7% and is now trading at $13.81.
View the best growth stocks for 2024 here.

How were Northwest Bancshares' earnings last quarter?

Northwest Bancshares, Inc. (NASDAQ:NWBI) posted its quarterly earnings results on Tuesday, July, 23rd. The savings and loans company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The savings and loans company earned $97.99 million during the quarter, compared to analyst estimates of $133.77 million. Northwest Bancshares had a trailing twelve-month return on equity of 8.72% and a net margin of 14.28%.

Who are Northwest Bancshares' major shareholders?

Northwest Bancshares' top institutional investors include Wedge Capital Management L L P NC (0.05%), Wesbanco Bank Inc. (0.02%), Diversified Trust Co (0.01%) and Creative Planning (0.01%). Insiders that own company stock include William W Harvey, Timothy M Hunter, John P Meegan, Louis J Torchio, Ronald B Andzelik, Sonia M Probst, Scott J Watson, Jeffrey J Maddigan, Mark A Paup, Mark T Reitzes, Deborah J Esq Chadsey, Thomas K Iv Creal, Timothy B Fannin, David M Tullio, James M Colestro, Devin T Cygnar and Carey A Barnum.
View institutional ownership trends.

How do I buy shares of Northwest Bancshares?

Shares of NWBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Northwest Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Northwest Bancshares investors own include Johnson & Johnson (JNJ), Gilead Sciences (GILD), UnitedHealth Group (UNH), Cuisine Solutions (CUSI), InnerScope Hearing Technologies (INND), Corning (GLW) and Tesla (TSLA).

Company Calendar

• Last Earnings: 7/23/2024
• Ex-Dividend for 8/14 Dividend: 8/02/2024
• Dividend Payable: 8/14/2024
• Today: 10/17/2024
• Next Earnings (Confirmed): 10/29/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NASDAQ:NWBI
• CUSIP: 66734010
• CIK: 1471265
• Web: www.northwest.bank
• Phone: (814) 726-2140
• Fax: 814-728-7716
• Employees: 2,165
• Year Founded: 1896

Price Target and Rating

• Average Stock Price Target: $11.00
• High Stock Price Target: $12.00
• Low Stock Price Target: $10.00
• Potential Upside/Downside: -20.3%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.03
• Trailing P/E Ratio: 17.05
• Forward P/E Ratio: 14.24
• P/E Growth: N/A
• Net Income: $134.96 million
• Net Margins: 14.28%
• Pretax Margin: 18.35%
• Return on Equity: 8.72%
• Return on Assets: 0.93%

Debt

• Debt-to-Equity Ratio: 0.31
• Current Ratio: 0.95
• Quick Ratio: 0.95

Sales & Book Value

• Annual Sales: $502.30 million
• Price / Sales: 3.50
• Cash Flow: $1.40 per share
• Price / Cash Flow: 9.83
• Book Value: $12.20 per share
• Price / Book: 1.13

Miscellaneous

• Outstanding Shares: 127,264,000
• Free Float: 125,864,000
• Market Cap: $1.76 billion
• Optionable: Optionable
• Beta: 0.62