Northwest Bancshares Inc (NWBI) saw an uptrend of 690842% in the recent trading with $792070.0 being its most recent. The current price level -16.73% lower than the highest price of $15.42 marked by the stock while trading over the past 52-weeks, whereas it is 19.44% higher than the lowest price of $10.75 the company dropped to over past 52-weeks. The latest news story on NWBI appeared in (PR Newswire) under the title “Northwest Bank Opens First New Financial Center in Six Years” on Today.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 2 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.40 for the stock.
Northwest Bancshares Inc Earnings – What Happened With NWBI
Coming around sales and income figures on NWBI Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Northwest Bancshares Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 127.74 million. NWBI does have institutional investors; and they hold 70.32% of the stock.
As on 2024-06-30, BLACKROCK INC. was the top most holder in Northwest Bancshares Inc (NASDAQ:NWBI) with an ownership of 18.43 million shares of the company or 14.5311 of the stake worth $212.84 million. The filing also reveals VANGUARD GROUP INC as the second largest holder in the company with a control over 11.6567 of the outstanding shares. Its stake is worth $170.74 million for having 14.78 million shares in hand.
DIMENSIONAL FUND ADVISORS LP also came holding a key position in the company during the recent quarter and it now holds 6.9086 of the outstanding shares. With this there are now 352.0 institutions which have possession in NWBI’s shares.
Key Metrics forNWBI
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Northwest Bancshares Inc has a debt to equity ratio of 0.27.
Technical Analysis of Northwest Bancshares Inc (NASDAQ:NWBI) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Northwest Bancshares Inc (NWBI), we notice that the stock’s 20-day average volume is at 637,950 shares and 50% of short term indicators are suggesting the stock as Buy. And to end with, NWBI’s 100-day average volume are 753,806 shares.
