Headlines about Northwest Bancshares (NASDAQ:NWBI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Northwest Bancshares earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the savings and loans company an impact score of 46.5509957811897 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms recently commented on NWBI. BidaskClub raised Northwest Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research cut Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Northwest Bancshares in a research note on Tuesday, October 24th. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Northwest Bancshares has a consensus rating of “Hold” and a consensus price target of $17.25.
Shares of Northwest Bancshares (NASDAQ NWBI) traded down $0.14 during trading hours on Thursday, hitting $16.64. The stock had a trading volume of 121,519 shares, compared to its average volume of 557,708. Northwest Bancshares has a 52-week low of $14.95 and a 52-week high of $18.63. The company has a market capitalization of $1,687.16, a PE ratio of 18.11, a P/E/G ratio of 1.60 and a beta of 0.64. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.18.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.17 per share. This is a positive change from Northwest Bancshares’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Wednesday, January 31st. Northwest Bancshares’s dividend payout ratio is currently 73.91%.
In other news, EVP Jonathan P. Scalise sold 19,172 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $17.01, for a total transaction of $326,115.72. Following the completion of the sale, the executive vice president now directly owns 35,202 shares in the company, valued at $598,786.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO William W. Harvey sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $17.28, for a total transaction of $172,800.00. Following the completion of the sale, the chief financial officer now owns 158,649 shares of the company’s stock, valued at $2,741,454.72. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 9,300 shares of company stock valued at $152,330 and have sold 38,764 shares valued at $657,855. Corporate insiders own 2.00% of the company’s stock.
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About Northwest Bancshares
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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