Northwest Bancshares Inc (NASDAQ: NWBI) on Monday, soared 3.14% from the previous trading day, before settling in for the closing price of $13.07. Within the past 52 weeks, NWBI’s price has moved between $10.09 and $14.55.
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During the last 5-year period, the sales growth of Financial Sector giant was 8.91%. The company achieved an average annual earnings per share of -7.41%. With a float of $120.70 million, this company’s outstanding shares have now reached $127.11 million.
Let’s determine the extent of company efficiency that accounts for 2098 employees. In terms of profitability, gross margin is 92.33%, operating margin of 20.72%, and the pretax margin is 19.55%.
Northwest Bancshares Inc (NWBI) Breakdown of a Key Holders of the stock
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Northwest Bancshares Inc is 5.24%, while institutional ownership is 66.89%. The most recent insider transaction that took place on Jul 26 ’24, was worth 192,999. In this transaction SEVP, Chief Operating Officer of this company sold 13,614 shares at a rate of $14.18, taking the stock ownership to the 208,302 shares. Before that another transaction happened on Jul 26 ’24, when Company’s Officer proposed sale 13,614 for $14.14, making the entire transaction worth $192,442.
Northwest Bancshares Inc (NWBI) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.31 earnings per share (EPS) for the period topping the consensus outlook (set at 0.24) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.25 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.41% 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
Northwest Bancshares Inc (NWBI) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.40. Likewise, its price to free cash flow for the trailing twelve months is 13.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.80, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 1.02 in one year’s time.
Technical Analysis of Northwest Bancshares Inc (NWBI)
Looking closely at Northwest Bancshares Inc (NASDAQ: NWBI), its last 5-days average volume was 0.68 million, which is a drop from its year-to-date volume of 0.72 million. As of the previous 9 days, the stock’s Stochastic %D was 31.20%. Additionally, its Average True Range was 0.29.
During the past 100 days, Northwest Bancshares Inc’s (NWBI) raw stochastic average was set at 73.65%, which indicates a significant increase from 66.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.26% in the past 14 days, which was lower than the 26.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.33, while its 200-day Moving Average is $12.10. However, in the short run, Northwest Bancshares Inc’s stock first resistance to watch stands at $13.62. Second resistance stands at $13.77. The third major resistance level sits at $13.99. If the price goes on to break the first support level at $13.25, it is likely to go to the next support level at $13.03. Now, if the price goes above the second support level, the third support stands at $12.88.
Northwest Bancshares Inc (NASDAQ: NWBI) Key Stats
Market capitalization of the company is 1.72 billion based on 127,264K outstanding shares. Right now, sales total 701,750 K and income totals 134,960 K. The company made 158,010 K in profit during its latest quarter, and 4,750 K in sales during its previous quarter.
