Northwest Bancshares Inc (NASDAQ: NWBI)’s stock price has dropped by -0.55 in relation to previous closing price of 11.00. Nevertheless, the company has seen a gain of 2.15% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-22 that While the top- and bottom-line numbers for Northwest Bancshares (NWBI) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Northwest Bancshares Inc (NASDAQ: NWBI) Right Now?
Northwest Bancshares Inc (NASDAQ: NWBI) has a higher price-to-earnings ratio of 10.67x compared to its average ratio, The 36-month beta value for NWBI is at 0.60. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for NWBI is 120.54M, and currently, shorts hold a 3.30% of that float. The average trading volume for NWBI on April 25, 2024 was 823.34K shares.
NWBI’s Market Performance
NWBI stock saw a decrease of 2.15% in the past week, with a monthly decline of -2.23% and a quarterly a decrease of -14.53%. The volatility ratio for the week is 2.50%, and the volatility levels for the last 30 days are 2.02% for Northwest Bancshares Inc (NWBI). The simple moving average for the last 20 days is -1.30% for NWBI’s stock, with a simple moving average of -3.73% for the last 200 days.
Analysts’ Opinion of NWBI
Many brokerage firms have already submitted their reports for NWBI stocks, with Janney repeating the rating for NWBI by listing it as a “Neutral.” The predicted price for NWBI in the upcoming period, according to Janney is $15 based on the research report published on September 29, 2022 of the previous year 2022.
Piper Sandler, on the other hand, stated in their research note that they expect to see NWBI reach a price target of $12, previously predicting the price at $14. The rating they have provided for NWBI stocks is “Underweight” according to the report published on May 06th, 2022.
Keefe Bruyette gave a rating of “Mkt Perform” to NWBI, setting the target price at $13.50 in the report published on July 27th of the previous year.
NWBI Trading at -3.27% from the 50-Day Moving Average
After a stumble in the market that brought NWBI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.30% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares sank -1.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.81% lower at present.
During the last 5 trading sessions, NWBI rose by +2.15%, which changed the moving average for the period of 200-days by +1.58% in comparison to the 20-day moving average, which settled at $11.07. In addition, Northwest Bancshares Inc saw -12.34% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NWBI starting from Watson Scott J, who purchase 5,000 shares at the price of $12.90 back on Jan 24 ’24. After this action, Watson Scott J now owns 35,282 shares of Northwest Bancshares Inc, valued at $64,512 using the latest closing price.
Fannin Timothy B, the Director of Northwest Bancshares Inc, sale 6,110 shares at $12.14 during a trade that took place back on Dec 13 ’23, which means that Fannin Timothy B is holding 22,608 shares at $74,175 based on the most recent closing price.
Stock Fundamentals for NWBI
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 1.0 for the gross margin
The net margin for Northwest Bancshares Inc stands at 0.22. The total capital return value is set at 0.01. Equity return is now at value 8.49, with 0.91 for asset returns.
Based on Northwest Bancshares Inc (NWBI), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 2.01.
Currently, EBITDA for the company is 11.78 million with net debt to EBITDA at 1.19. When we switch over and look at the enterprise to sales, we see a ratio of 2.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.02.
Conclusion
In conclusion, Northwest Bancshares Inc (NWBI) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
