After finishing at $10.85 in the prior trading day, Northwest Bancshares Inc. (NASDAQ: NWBI) closed at $10.76, down -0.83%. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 659991 shares were traded. NWBI stock price reached its highest trading level at $10.88 during the session, while it also had its lowest trading level at $10.63.
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Our goal is to gain a better understanding of NWBI by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.62.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 17 when Colestro James M sold 52 shares for $10.63 per share. The transaction valued at 553 led to the insider holds 19,172 shares of the business.
Hunter Timothy M bought 15,000 shares of NWBI for $160,017 on May 16. The Director now owns 147,318 shares after completing the transaction at $10.67 per share. On May 08, another insider, Paup Mark A, who serves as the Director of the company, bought 5,000 shares for $10.40 each. As a result, the insider paid 52,000 and bolstered with 33,809 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NWBI now has a Market Capitalization of 1.48B. As of this moment, Northwest’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.86, and their Forward P/E ratio for the next fiscal year is 10.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.88 while its Price-to-Book (P/B) ratio in mrq is 0.90.
Stock Price History:
Over the past 52 weeks, NWBI has reached a high of $15.35, while it has fallen to a 52-week low of $9.91. The 50-Day Moving Average of the stock is 11.49, while the 200-Day Moving Average is calculated to be 13.52.
The stock has traded on average 888.85K shares per day over the past 3-months and 761.51k shares per day over the last 10 days, according to various share statistics. A total of 126.50M shares are outstanding, with a floating share count of 125.76M. Insiders hold about 0.30% of the company’s shares, while institutions hold 67.90% stake in the company. Shares short for NWBI as of May 14, 2023 were 10.37M with a Short Ratio of 10.07M, compared to 9.99M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.16% and a Short% of Float of 11.17%.
Dividends & Splits
In the trailing 12 months, NWBI’s forward annual dividend rate was 0.80, compared to 0.80 this year. Against a Trailing Annual Dividend Yield of 7.37%, it implies a Forward Annual Dividend Yield of 7.43%. The stock’s 5-year Average Dividend Yield is 5.38. The current Payout Ratio is 76.25% for NWBI, which recently paid a dividend on May 14, 2023 with an ex-dividend date of May 02, 2023. Stock splits for the company last occurred on Dec 17, 2009 when the company split stock in a 225:100 ratio.
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of $0.27 for the current quarter, with a high estimate of $0.29 and a low estimate of $0.25, while EPS last year was $0.26. The consensus estimate for the next quarter is $0.25, with high estimates of $0.27 and low estimates of $0.23.
Analysts are recommending an EPS of between $1.08 and $0.96 for the fiscal current year, implying an average EPS of $1.03. EPS for the following year is $1, with 6 analysts recommending between $1.05 and $0.95.
6 analysts predict $112M in revenue for the current quarter. It ranges from a high estimate of $113.15M to a low estimate of $110.5M. As of the current estimate, Northwest Bancshares Inc.’s year-ago sales were $100.27M, an estimated increase of 11.70% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $110.81M, a decrease of -1.70% less than the figure of $11.70% in the same quarter last year. There is a high estimate of $113.98M for the next quarter, whereas the lowest estimate is $107.7M.
A total of 6 analysts have provided revenue estimates for NWBI’s current fiscal year. The highest revenue estimate was $453.47M, while the lowest revenue estimate was $436.8M, resulting in an average revenue estimate of $445.49M. In the same quarter a year ago, actual revenue was $420.68M, up 5.90% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $449.95M in the next fiscal year. The high estimate is $458.6M and the low estimate is $443.9M. The average revenue growth estimate for next year is up 1.00% from the average revenue estimate for this year.