Witnessing the stock’s movement on the chart, on Wednesday, Northwest Bancshares Inc (NASDAQ: NWBI) had a quiet start as it plunged -4.77% to $10.79, before settling in for the price of $11.33 at the close. Taking a more long-term approach, NWBI posted a 52-week range of $9.80-$13.07.
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The Financial Sector giants’ yearly sales growth during the last 5-year period was 8.91%. Meanwhile, its Annual Earning per share during the time was 0.80%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -15.30%. This publicly-traded company’s shares outstanding now amounts to $127.11 million, simultaneously with a float of $120.54 million. The organization now has a market capitalization sitting at $1.37 billion. At the time of writing, stock’s 50-day Moving Average stood at $11.52, while the 200-day Moving Average is $11.35.
Northwest Bancshares Inc (NWBI) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Banks – Regional industry. Northwest Bancshares Inc’s current insider ownership accounts for 5.17%, in contrast to 67.54% institutional ownership. According to the most recent insider trade that took place on Jan 24 ’24, this organization’s EVP, Chief Information Officer bought 5,000 shares at the rate of 12.90, making the entire transaction reach 64,512 in total value, affecting insider ownership by 35,282. Preceding that transaction, on Dec 13 ’23, Company’s Director sold 6,110 for 12.14, making the whole transaction’s value amount to 74,175. This particular insider is now the holder of 22,608 in total.
Northwest Bancshares Inc (NWBI) Earnings and Revenue Records
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.23 earnings per share (EPS) for the period falling under the consensus outlook (set at $0.24) by -$0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.22 per share during the current fiscal year.
Northwest Bancshares Inc’s EPS decrease for this current 12-month fiscal period is -15.30% and is forecasted to reach 1.02 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 7.00% through the next 5 years, which can be compared against the 0.80% growth it accomplished over the previous five years trading on the market.
Northwest Bancshares Inc (NASDAQ: NWBI) Trading Performance Indicators
Let’s observe the current performance indicators for Northwest Bancshares Inc (NWBI). The Stock has managed to achieve an average true range (ATR) of 0.26. Alongside those numbers, its PE Ratio stands at $10.19, and its Beta score is 0.60. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.95. Similarly, its price to free cash flow for trailing twelve months is now 17.29.
In the same vein, NWBI’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.06, a figure that is expected to reach 0.23 in the next quarter, and analysts are predicting that it will be 1.02 at the market close of one year from today.
Technical Analysis of Northwest Bancshares Inc (NWBI)
Going through the that latest performance of [Northwest Bancshares Inc, NWBI]. Its last 5-days volume of 0.73 million was inferior to the volume of 0.82 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 30.72% While, its Average True Range was 0.26.
Raw Stochastic average of Northwest Bancshares Inc (NWBI) in the period of the previous 100 days is set at 4.20%, which indicates a major fall in contrast to 10.20% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 30.15% that was higher than 26.61% volatility it exhibited in the past 100-days period.
