Northwest Bancshares Inc. (NASDAQ: NWBI) stock fell -0.83% on Wednesday to $10.76 against a previous-day closing price of $10.85. With 0.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.89 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $10.88 whereas the lowest price it dropped to was $10.63. The 52-week range on NWBI shows that it touched its highest point at $15.35 and its lowest point at $9.91 during that stretch. It currently has a 1-year price target of $11.80. With its current market cap of 1.40 billion, NWBI has annualized dividend of $0.80 while the current yield stands at 7.43%. Beta for the stock currently stands at 0.57.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NWBI was down-trending over the past week, with a drop of -3.50%, but this was down by -3.93% over a month. Three-month performance dropped to -22.70% while six-month performance fell -28.50%. The stock lost -14.47% in the past year, while it has lost -23.03% so far this year. A look at the trailing 12-month EPS for NWBI yields 1.09 with Next year EPS estimates of 1.00. For the next quarter, that number is 0.27. This implies an EPS growth rate of -13.60% for this year and -2.82% for next year. EPS is expected to grow by 7.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.30%.
Float and Shares Shorts:
At present, 126.50 million NWBI shares are outstanding with a float of 125.76 million shares on hand for trading. On May 14, 2023, short shares totaled 10.37 million, which was 8.16% higher than short shares on Apr 13, 2023. In addition to Mr. Louis J. Torchio as the firm’s Pres, CEO & Director, Mr. William W. Harvey Jr. serves as its Sr. EVP, COO, CFO & Director.
Institutional Ownership:
Through their ownership of 69.45% of NWBI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.24% of NWBI, in contrast to 17.19% held by mutual funds. Shares owned by individuals account for 11.24%. As the largest shareholder in NWBI with 13.88% of the stake, BlackRock Fund Advisors holds 17,637,658 shares worth 17,637,658. A second-largest stockholder of NWBI, The Vanguard Group, Inc., holds 14,952,656 shares, controlling over 11.77% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in NWBI, holding 8,841,914 shares or 6.96% stake. With a 6.92% stake in NWBI, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 8,785,042 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.08% of NWBI stock, is the second-largest Mutual Fund holder. It holds 3,911,783 shares valued at 45.73 million. Vanguard Small Cap Index Fund holds 2.62% of the stake in NWBI, owning 3,326,608 shares worth 38.89 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NWBI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NWBI analysts setting a high price target of $13.00 and a low target of $10.00, the average target price over the next 12 months is $11.80. Based on these targets, NWBI could surge 20.82% to reach the target high and fall by -7.06% to reach the target low. Reaching the average price target will result in a growth of 9.67% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, NWBI has a current ratio of $0.8, which is $0.8 over the trailing 12-months, while a dividend of $0.75 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and NWBI currently yields $7.43. In the past year, NWBI’s dividend yield has been $7.43, but when looking at the stock over the past five years, its yield has been $5.38. Accordingly, NWBI has a current buyback yield of $0.0. This was $0.0 for the TTM, and it was $0.47 for the past five years.
Summary of Insider Activity:
Insiders traded NWBI stock several times over the past three months with 21 Buys and 1 Sells. In these transactions, 130,929 shares were bought while 2,348 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 171,834 while 49,937 shares were sold.
