Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Northwest Bancshares (NWBI) Stock Price

News articles about Northwest Bancshares (NASDAQ:NWBI) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Northwest Bancshares earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media coverage about the savings and loans company an impact score of 46.9744341196544 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

Northwest Bancshares (NWBI) opened at 15.43 on Friday. The company’s 50 day moving average price is $15.74 and its 200 day moving average price is $16.35. Northwest Bancshares has a 12 month low of $14.95 and a 12 month high of $19.10. The stock has a market cap of $1.58 billion, a PE ratio of 17.98 and a beta of 0.63.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings data on Monday, July 24th. The savings and loans company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Northwest Bancshares had a return on equity of 7.45% and a net margin of 18.91%. The company had revenue of $124.21 million during the quarter, compared to analyst estimates of $116.82 million. Equities analysts forecast that Northwest Bancshares will post $0.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Thursday, August 3rd were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Tuesday, August 1st. Northwest Bancshares’s dividend payout ratio (DPR) is presently 75.29%.

NWBI has been the subject of a number of analyst reports. BidaskClub upgraded Northwest Bancshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded Northwest Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, ValuEngine downgraded Northwest Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Thursday, May 11th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Northwest Bancshares presently has an average rating of “Hold” and a consensus target price of $16.60.

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In other news, Director Philip M. Tredway sold 13,560 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $16.13, for a total value of $218,722.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.

Northwest Bancshares Company Profile

Northwest Bancshares, Inc (Northwest) is a savings and loan holding company. The Company’s principal business consists of attracting deposits and making loans secured by various types of collateral, including real estate and other assets in the markets in which it operates. Its segments include Community Banking and Consumer Finance.

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