Northwest Bancshares Inc (NASDAQ: NWBI)’s stock price has decreased by -1.79 compared to its previous closing price of 13.39. However, the company has seen a 7.61% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-07-12 that COLUMBUS, Ohio, July 12, 2024 /PRNewswire/ — will host a conference call to review second-quarter 2024 financial results on Tuesday, July 23 at 9:00 a.m. (EDT). The results are scheduled to be released at approximately 7:00 a.m.
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 12.85x compared to its average ratio. NWBI has 36-month beta value of 0.63. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for NWBI is 120.62M, and currently, short sellers hold a 2.50% ratio of that float. The average trading volume of NWBI on July 19, 2024 was 630.04K shares.
NWBI’s Market Performance
NWBI stock saw an increase of 7.61% in the past week, with a monthly gain of 20.86% and a quarterly increase of 22.78%. The volatility ratio for the week is 3.21%, and the volatility levels for the last 30 days are 2.22% for Northwest Bancshares Inc (NWBI). The simple moving average for the last 20 days is 13.24% for NWBI stock, with a simple moving average of 15.77% 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 16.93% 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 -2.23% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 3.21%, as shares surge +20.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.36% upper at present.
During the last 5 trading sessions, NWBI rose by +7.61%, which changed the moving average for the period of 200-days by +28.54% in comparison to the 20-day moving average, which settled at $11.73. In addition, Northwest Bancshares Inc saw 5.37% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NWBI starting from Barnum Carey A., who sale 78 shares at the price of $10.67 back on Jun 10 ’24. After this action, Barnum Carey A. now owns 3,506 shares of Northwest Bancshares Inc, valued at $832 using the latest closing price.
Barnum Carey A., the SVP, Chief Auditor of Northwest Bancshares Inc, sale 199 shares at $10.85 during a trade that took place back on Jun 07 ’24, which means that Barnum Carey A. is holding 3,648 shares at $2,159 based on the most recent closing price.
Stock Fundamentals for NWBI
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.91 for the gross margin
The net margin for Northwest Bancshares Inc stands at 0.2. The total capital return value is set at 0.03. 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 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 1.23.
Currently, EBITDA for the company is 11.78 million with net debt to EBITDA at 5.03. When we switch over and look at the enterprise to sales, we see a ratio of 3.38. The receivables turnover for the company is 12.85for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.02.
Conclusion
To put it simply, Northwest Bancshares Inc (NWBI) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
