Streetbeat News

NWBI

Northwest Bancshares, Inc.

https://www.northwest.bank

Industry

Banks - Regional

Northwest Bancshares, Inc. operates as the holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts. It also offers loan products comprising one-to-four-family residential real estate loans and loans collateralized by multi-family residential and commercial real estate; commercial business loans; and consumer loans, including automobile loans, sales finance loans, unsecured personal loans, credit card loans, and loans secured by deposit accounts. The company also offers investment management and trust services. As of December 31, 2021, it operated 170 community-banking locations in Pennsylvania, Western New York, Eastern Ohio, and Indiana. Northwest Bancshares, Inc. was founded in 1896 and is headquartered in Columbus, Ohio.

Open

14.33

Mkt cap

1.8B

Volume

467K

High

14.37

P/E Ratio

18.86

52-wk high

15.42

Low

14.15

Div yield

0.06

52-wk low

10.45

Northwest Bancshares reported Q3 2024 earnings per share of $0.26, meeting analyst expectations, and sales of $111.302 million, surpassing estimates by 1.43%. Sales increased by 2.71% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:33 am

Insiders have made notable purchases in Northwest Bancshares, Appian, and Globe Life, indicating confidence in these companies. Northwest Bancshares' CFO bought shares following strong quarterly results, Appian's 10% owner made a significant purchase amid an analyst rating upgrade, and a Globe Life director bought shares after better-than-expected earnings.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 1:12 pm

Northwest Bancshares (NASDAQ:NWBI) reported Q2 GAAP EPS of $0.04, beating the $(0.02) estimate but missing the $0.22 consensus estimate by 81.82%. Sales were $106.84M, beating the $104.44M estimate but down 1.57% YoY.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:07 am

Insiders have made significant purchases in PBF Energy, GeneDx Holdings, and Northwest Bancshares, indicating confidence in these companies' prospects. PBF Energy's 10% owner acquired $12.6 million worth of shares, GeneDx Holdings' director bought $2.76 million worth of shares, and Northwest Bancshares' director purchased $128,166 worth of shares.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 12:59 pm

Insiders have recently purchased shares in Sempra, Equity Bancshares, and Northwest Bancshares, indicating confidence in these companies' prospects. Notable trades include Sempra's Director acquiring 1,925 shares, Equity Bancshares' Director acquiring 2,903 shares, and Northwest Bancshares' Director acquiring 10,000 shares.

Portfolio Pulse from Avi Kapoor

May 20, 2024 | 11:10 am

Keefe, Bruyette & Woods analyst Timothy Switzer reiterated a Market Perform rating on Northwest Bancshares (NWBI) and lowered the price target from $13 to $12.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:11 pm

Piper Sandler analyst Frank Schiraldi maintains an Underweight rating on Northwest Bancshares (NASDAQ:NWBI) and lowers the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 11:16 am

Northwest Bancshares (NASDAQ:NWBI) reported Q1 earnings of $0.23 per share, meeting analyst estimates but marking an 11.54% decrease from last year. Sales were $103.24M, missing estimates by 1.71% and down 8.20% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:08 pm

FB Financial (NYSE:FBK) announced a dividend payout of $0.17 per share with an annualized yield of 1.73%, going ex-dividend on February 12, 2024. The company has shown a positive trend in dividend growth from 2020 to 2023, increasing from $0.36 to $0.60 per share, alongside a slight increase in earnings per share from $3.07 to $3.09. This suggests a strong financial health and a commitment to rewarding shareholders. FB Financial's dividend yield is in the middle range compared to its industry peers, with Northwest Bancshares (NASDAQ:NWBI) having the highest yield at 6.99%.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 3:05 pm

Northwest Bancshares, Inc. (NASDAQ:NWBI) announced Douglas M. Schosser as the new Chief Financial Officer, effective March 18, 2024. Schosser, with extensive experience including roles at Key Corporation Bank and Victory Capital Management, will replace William W. Harvey, Jr. and work alongside him through 2024 for a smooth transition. Schosser's appointment is part of Northwest Bank's ongoing transformation, emphasizing investments in digital and commercial growth while maintaining its foundational strength and stability.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:04 pm

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