After finishing at $10.79 in the prior trading day, Northwest Bancshares Inc (NASDAQ: NWBI) closed at $10.80, up 0.09%. In other words, the price has increased by $+0.01 from its previous closing price. On the day, 594550 shares were traded.
Ratios:
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 0.46 whereas as Long-Term Debt/Eq ratio is at 0.41.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Janney on September 29, 2022, initiated with a Neutral rating and assigned the stock a target price of $15.
On May 06, 2022, Piper Sandler Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $14 to $12.
Insider Transactions:
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 Jan 24 ’24 when Watson Scott J bought 5,000 shares for $12.90 per share. The transaction valued at 64,512 led to the insider holds 35,282 shares of the business.
Fannin Timothy B sold 6,110 shares of NWBI for $74,175 on Dec 13 ’23. The Director now owns 22,608 shares after completing the transaction at $12.14 per share. On Nov 07 ’23, another insider, Cygnar Devin T, who serves as the EVP, Chief Mktg/Comm. Officer of the company, bought 13,692 shares for $10.96 each. As a result, the insider paid 150,000 and bolstered with 13,692 shares of the company.
Valuation Measures:
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 1.37B. As of this moment, Northwest’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.20, and their Forward P/E ratio for the next fiscal year is 10.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96 while its Price-to-Book (P/B) ratio in mrq is 0.88.
Stock Price History:
Over the past 52 weeks, NWBI has reached a high of $13.07, while it has fallen to a 52-week low of $9.80. The 50-Day Moving Average of the stock is 11.48, while the 200-Day Moving Average is calculated to be 11.35.
Shares Statistics:
The stock has traded on average 839.12K shares per day over the past 3-months and 783.92k shares per day over the last 10 days, according to various share statistics. A total of 127.11M shares are outstanding, with a floating share count of 120.54M. Insiders hold about 5.17% of the company’s shares, while institutions hold 67.54% stake in the company. Shares short for NWBI as of Mar 28, 2024 were 3.98M with a Short Ratio of 4.74, compared to 4.26M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.13% and a Short% of Float of 4.27%.
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 7.41%, it implies a Forward Annual Dividend Yield of 7.41%. The stock’s 5-year Average Dividend Yield is 5.98. The current Payout Ratio is 75.46% for NWBI, which recently paid a dividend on Feb 14, 2024 with an ex-dividend date of Feb 01, 2024. Stock splits for the company last occurred on Dec 18, 2009 when the company split stock in a 225:100 ratio.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of $0.23 for the current quarter, with a high estimate of $0.24 and a low estimate of $0.21, while EPS last year was $0.26. The consensus estimate for the next quarter is $0.22, with high estimates of $0.23 and low estimates of $0.21.
Analysts are recommending an EPS of between $0.96 and $0.9 for the fiscal current year, implying an average EPS of $0.93. EPS for the following year is $1.02, with 6 analysts recommending between $1.06 and $1.
Revenue Estimates
5 analysts predict $110.67M in revenue for the current quarter. It ranges from a high estimate of $133.8M to a low estimate of $104M. As of the current estimate, Northwest Bancshares Inc’s year-ago sales were $116.91M, an estimated decrease of -5.30% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $110.86M, an increase of 2.10% over than the figure of -$5.30% in the same quarter last year. There is a high estimate of $134.4M for the next quarter, whereas the lowest estimate is $104.32M.
A total of 4 analysts have provided revenue estimates for NWBI’s current fiscal year. The highest revenue estimate was $432.6M, while the lowest revenue estimate was $426M, resulting in an average revenue estimate of $428.61M. In the same quarter a year ago, actual revenue was $435.68M, down -1.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $487.1M in the next fiscal year. The high estimate is $582.7M and the low estimate is $453.81M. The average revenue growth estimate for next year is up 13.60% from the average revenue estimate for this year.
