Northwest Bancshares Inc. (NASDAQ:NWBI) shares fell to a low of $14.025 before closing at $14.08. Intraday shares traded counted 0.72 million, which was -13.35% lower than its 30-day average trading volume of 635.55K. NWBI’s previous close was $14.35 while the outstanding shares total 126.18M. The firm has a beta of 0.62, a 12-month trailing P/E ratio of 16.70, and a growth ratio of 2.39. The stock’s Relative Strength Index (RSI) is 48.79, with weekly volatility at 1.96% and ATR at 0.32. The NWBI stock’s 52-week price range has touched low of $8.84 and a $15.48 high. The stock traded lower over the last trading session, losing -1.88% on 06/02/21.
Investors have identified the Banks – Regional company Northwest Bancshares Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.78 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Northwest Bancshares Inc. (NWBI) Fundamentals that are to be considered.
NWBI were able to record 67.73 million as free cash flow during the 07/26/2021 quarter of the year, this saw their quarterly net cash flow reduce by 243.01 million. In cash movements, the company had a total of 68.02 million as operating cash flow.
Potential earnings growth for Northwest Bancshares Inc. (NWBI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/26/2021 quarter of the year, Northwest Bancshares Inc. recorded a total of 108.03 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 7.08% coming in sequential stages and their sales for the 07/26/2021 quarter reducing by -3.43%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 7.57 million trying to sell their products during the last quarter, with the result yielding a gross income of 100.46 million. This allows shareholders to hold on to 126.18M with the recently reported earning now reading 0.32 cents per share. This is a figure that compared to analyst’s prediction for their 07/26/2021 (0.32 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.00 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NWBI sounds very interesting.
Is the stock of NWBI attractive?
In related news, Director, Tullio David M bought 4,000 shares of the company’s stock in a transaction that recorded on May 28. The purchase was performed at an average price of 14.09, for a total value of 56,340. As the purchase deal closes, the EVP, Chief Information Officer, Watson Scott J now sold 383 shares of the company’s stock, valued at 5,299. Also, SEVP, Retail Lending, Torchio Louis J sold 605 shares of the company’s stock in a deal that was recorded on May 26. The shares were cost at an average price of 13.82 per share, with a total market value of 8,362. Following this completion of disposal, the SEVP, Retail Lending, Torchio Louis J now holds 130 shares of the company’s stock, valued at 1,832. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
1 out of 6 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Northwest Bancshares Inc.. 0 analysts has assigned a Sell rating on the NWBI stock. The 12-month mean consensus price target for the company’s shares has been set at $14.75.