Somewhat Positive Media Coverage Somewhat Unlikely to Impact Northwest Bancshares (NWBI) Stock Price

Media headlines about Northwest Bancshares (NASDAQ:NWBI) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. 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 news sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the savings and loans company an impact score of 46.5509957811897 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

Shares of Northwest Bancshares (NASDAQ:NWBI) traded up $0.29 during trading hours on Thursday, hitting $16.97. 424,200 shares of the stock were exchanged, compared to its average volume of 547,297. The stock has a market capitalization of $1,712.83, a price-to-earnings ratio of 19.62, a PEG ratio of 1.62 and a beta of 0.64. Northwest Bancshares has a fifty-two week low of $14.95 and a fifty-two week high of $18.63. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.18.

Northwest Bancshares (NASDAQ:NWBI) last issued its earnings results on Monday, January 22nd. The savings and loans company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The business had revenue of $107.15 million for the quarter, compared to analyst estimates of $108.15 million. Northwest Bancshares had a net margin of 20.11% and a return on equity of 7.23%. sell-side analysts expect that Northwest Bancshares will post 1.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, January 31st. This is an increase 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 4.01%. Northwest Bancshares’s dividend payout ratio (DPR) is currently 73.91%.

A number of analysts recently weighed in on the stock. Boenning Scattergood reissued a “hold” rating on shares of Northwest Bancshares in a research report on Tuesday, January 23rd. Zacks Investment Research raised shares of Northwest Bancshares from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research report on Wednesday, January 3rd. Finally, BidaskClub raised shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $17.25.

In other news, EVP Gerald J. Ritzert sold 9,592 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $16.57, for a total transaction of $158,939.44. Following the transaction, the executive vice president now directly owns 50,657 shares in the company, valued at $839,386.49. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO William W. Harvey sold 10,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $17.28, for a total transaction of $172,800.00. Following the transaction, the chief financial officer now owns 158,649 shares in the company, 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 worth $152,330 and have sold 50,964 shares worth $859,911. 2.00% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Northwest Bancshares (NASDAQ:NWBI)

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