A new trading day began on Friday, with Northwest Bancshares Inc (NASDAQ: NWBI) stock price up 3.25% from the previous day of trading, before settling in for the closing price of $10.78. NWBI’s price has ranged from $9.80 to $13.07 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 8.91% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -15.61%. With a float of $120.54 million, this company’s outstanding shares have now reached $127.11 million.
In an organization with 2098 employees, it is important to assess its efficiency.
Northwest Bancshares Inc (NWBI) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of Northwest Bancshares Inc is 5.17%, while institutional ownership is 67.57%. The most recent insider transaction that took place on Jan 24 ’24, was worth 64,512. In this transaction EVP, Chief Information Officer of this company bought 5,000 shares at a rate of $12.90, taking the stock ownership to the 35,282 shares. Before that another transaction happened on Dec 13 ’23, when Company’s Director sold 6,110 for $12.14, making the entire transaction worth $74,175. This insider now owns 22,608 shares in total.
Northwest Bancshares Inc (NWBI) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 16.91 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -15.61% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% during the next five years compared to 0.80% growth over the previous five years of trading.
Northwest Bancshares Inc (NASDAQ: NWBI) Trading Performance Indicators
Here are Northwest Bancshares Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.02. Likewise, its price to free cash flow for the trailing twelve months is 17.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.06, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 1.02 in one year’s time.
Technical Analysis of Northwest Bancshares Inc (NWBI)
Let’s dig in a bit further. During the last 5-days, its volume was 0.66 million. That was inferior than the volume of 0.81 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 31.99%. Additionally, its Average True Range was 0.25.
During the past 100 days, Northwest Bancshares Inc’s (NWBI) raw stochastic average was set at 20.33%, which indicates a significant decrease from 66.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.98% in the past 14 days, which was higher than the 26.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.34, while its 200-day Moving Average is $11.36. However, in the short run, Northwest Bancshares Inc’s stock first resistance to watch stands at $11.27. Second resistance stands at $11.40. The third major resistance level sits at $11.68. If the price goes on to break the first support level at $10.86, it is likely to go to the next support level at $10.58. The third support level lies at $10.45 if the price breaches the second support level.
Northwest Bancshares Inc (NASDAQ: NWBI) Key Stats
With a market capitalization of 1.41 billion, the company has a total of 127,113K Shares Outstanding. Currently, annual sales are 701,750 K while annual income is 134,960 K. The company’s previous quarter sales were 186,560 K while its latest quarter income was 29,010 K.
