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Wednesday, February 8, 2023

Investing In Northwest Bancshares Inc. (NASDAQ: NWBI): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Northwest Bancshares Inc. (NWBI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 0.52%, to $13.63. The Northwest Bancshares Inc. has recorded 43,382 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Northwest Bancshares, Inc. Announces Fourth Quarter 2022 Earnings and Quarterly Dividend.

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Stocks Info

The company is listed on the NASDAQ and operates within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $13.56 and fluctuated between $13.88 as its day high and $13.53 as its day low. The current market capitalization of Northwest Bancshares Inc. is $1.71B. A total of 0.67 million shares were traded on the day, compared to an average of 667.55K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, NWBI has seen 8 BUY and 4 SELL insider trades, representing the acquisition of 26,505 and the disposition of 30,102 shares. Over the last 12 months, there were 31 BUYs and 14 SELLs from insiders. Insiders purchased 137,716 shares during that period but sold 61,327.

In the most recent transaction, Fannin Timothy B bought 700 shares of NWBI for 14.22 per share on Dec 06. After the transaction, the Director now owns 2,987 company shares. In a previous transaction on Dec 01, Creal Thomas K IV sold 4,097 shares at 15.12 per share. NWBI shares that EVP, Chief Credit Officer owns now total 24,289.

Among the insiders who sold shares, Colestro James M disposed of 1,325 shares on Nov 28 at a per-share price of $15.05. This resulted in the EVP, Retail Lend & Bus Banking holding 14,028 shares of NWBI after the transaction. In another insider transaction, HARVEY WILLIAM W sold 28,252 shares at $15.04 per share on Oct 31. Company shares held by the SEVP, COO & CFO now total 191,895.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Northwest Bancshares Inc. pays an annual dividend of $0.80, resulting in a dividend yield of 5.90%, and it has a price to earnings (P/E) ratio of 13.36. NWBI’s most recent ex-dividend date was 11/2/2022 when it declared a $0.20 quarterly dividend that was paid in cash on 11/14/2022. Previously, the company paid the dividend on 8/15/2022 with an ex-dividend date of 8/3/2022. The NWBI stock dividend was $0.20 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for NWBI in the last 3 months, the mean price target is $13.90 with high estimates of $15.00 and low estimates of $13.00. In terms of 52-week highs and lows, NWBI has a high of $15.35 and a low of $12.04.

As of this writing, NWBI has an earnings estimate of $0.31 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.33 per share and a lower estimate of $0.3. The company reported an EPS of $0.26 in the last quarter, which was 18.20% higher than expectations of $0.22.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NWBI is Overweight with a score of 2.60. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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