Northwest Bancshares Inc (NASDAQ: NWBI): The Best-Of-Breed For Investing?

Currently, there are 127.11M common shares owned by the public and among those 120.63M shares have been available to trade.

The company’s stock has a 5-day price change of 2.45% and -0.82% over the past three months. NWBI shares are trading -12.90% year to date (YTD), with the 12-month market performance down to -6.21% lower. It has a 12-month low price of $9.80 and touched a high of $13.07 over the same period. NWBI has an average intraday trading volume of 643.38K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.28%, -0.81%, and -3.35% respectively.

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Institutional ownership of Northwest Bancshares Inc (NASDAQ: NWBI) shares accounts for 67.03% of the company’s 127.11M shares outstanding.

It has a market capitalization of $1.38B and a beta (3y monthly) value of 0.61. The stock’s trailing 12-month PE ratio is 10.62, while the earnings-per-share (ttm) stands at $1.02. The company has a PEG of 1.52 and the debt-to-equity ratio at 0.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.66% over the week and 1.65% over the month.

Earnings per share for the fiscal year are expected to decrease by -17.12%, and 7.86% over the next financial year. EPS should grow at an annualized rate of 7.00% over the next five years, compared to 0.80% over the past 5-year period.

Looking at the support for the NWBI, a number of firms have released research notes about the stock. Janney stated their Neutral rating for the stock in a research note on September 29, 2022, with the firm’s price target at $15. Piper Sandler coverage for the Northwest Bancshares Inc (NWBI) stock in a research note released on May 06, 2022 offered a Underweight rating with a price target of $12. Keefe Bruyette was of a view on July 27, 2021 that the stock is Mkt Perform, while B. Riley Securities gave the stock Neutral rating on July 27, 2021, issuing a price target of $16- $14. B. Riley Securities on their part issued Neutral rating on July 27, 2021.

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