Northwest BancsharesNWBI
NWBI
About: Northwest Bancshares Inc is a stockholding company for Northwest Bank. Northwest Bank is a stock savings bank and a community-oriented financial institution offering personal and banking business solutions, investment management, trust services and insurance products. It also offers consumer finance loans through a wholly-owned subsidiary. The bank's loan portfolio segment consists of personal banking and business banking loans. Personal banking includes residential mortgages, home equity loans, and other consumer loans. Business banking loans consist of commercial real estate loans and commercial loans. Net interest income is the company's primary contributor to revenue.
Employees: 2,165
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
816% more call options, than puts
Call options by funds: $2.43M | Put options by funds: $265K
50% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 18
15% more capital invested
Capital invested by funds: $979M [Q2] → $1.12B (+$142M) [Q3]
4% more funds holding
Funds holding: 218 [Q2] → 227 (+9) [Q3]
0.76% less ownership
Funds ownership: 66.58% [Q2] → 65.82% (-0.76%) [Q3]
1% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 77
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$15
12%
upside
Avg. target
$15
12%
upside
High target
$15
12%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Keefe, Bruyette & Woods Timothy Switzer 84% 1-year accuracy 16 / 19 met price target | 12%upside $15 | Market Perform Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 4 articles about NWBI published over the past 30 days
Positive
Zacks Investment Research
2 days ago
Northwest Bancshares (NWBI) Upgraded to Strong Buy: What Does It Mean for the Stock?
Northwest Bancshares (NWBI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Zacks Investment Research
3 days ago
New Strong Buy Stocks for December 23rd
PBI, NFG, NWBI, PFIS and MNDY have been added to the Zacks Rank #1 (Strong Buy) List on December 23, 2024.
Positive
Zacks Investment Research
3 days ago
Best Income Stocks to Buy for December 23rd
NWBI, PFIS and NFG made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 23, 2024.
Neutral
PRNewsWire
1 week ago
Northwest Bancshares, Inc. Announces Agreement to Acquire Penns Woods Bancorp, Inc.
COLUMBUS, Ohio , Dec. 17, 2024 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest") (NASDAQ: NWBI) the bank holding company for Northwest Bank, and Penns Woods Bancorp, Inc. ("Penns Woods") (NASDAQ: PWOD), the multi-bank holding company of Jersey Shore State Bank and Luzerne Bank, jointly announced today that they have entered into a definitive Agreement and Plan of Merger ("Agreement") whereby Northwest will acquire Penns Woods in an all-stock transaction valued at approximately $270.4 million. Combining the two organizations will significantly enhance the combined company's presence in North Central and Northeastern Pennsylvania.
Neutral
Seeking Alpha
1 month ago
Northwest Bancshares Inc. (NWBI) Q3 2024 Earnings Call Transcript
Northwest Bancshares Inc. (NASDAQ:NWBI ) Q3 2024 Results Conference Call October 29, 2024 9:00 AM ET Company Participants Joseph Canfield - Executive Vice President, Chief Accounting Officer Louis Torchio - President, CEO & Director Doug Schosser - Chief Financial Officer Thomas Creal - Executive VP & Chief Credit Officer Conference Call Participants Daniel Tamayo - Raymond James Manuel Navas - D.A. Davidson Matthew Breese - Stephens Inc Frank Schiraldi - Piper Sandler Daniel Cardenas - Janney Montgomery Scott Operator Thank you for standing by.
Positive
Zacks Investment Research
1 month ago
Northwest Bancshares (NWBI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Northwest Bancshares (NWBI) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 month ago
Northwest Bancshares (NWBI) Q3 Earnings Meet Estimates
Northwest Bancshares (NWBI) came out with quarterly earnings of $0.26 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.31 per share a year ago.
Neutral
PRNewsWire
1 month ago
Northwest Bancshares, Inc. Announces Third Quarter 2024 net income of $34 million, or $0.26 per diluted share
Net interest margin expands 13 basis points to 3.33%, inclusive of 4bps from an interest recovery Average deposits grew $10 million while cost of funds remain ed stable Noninterest expense declines $2 million due to disciplined expense management 120th consecutive quarterly dividend of $0.20 per share declared COLUMBUS, Ohio , Oct. 29, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NasdaqGS: NWBI) announced net income for the quarter ended September 30, 2024 of $34 million, or $0.26 per diluted share. This represents a decrease of $5 million compared to the same quarter last year, when net income was $39 million, or $0.31 per diluted share, and an increase of $29 million compared to the prior quarter, when net income was $5 million, or $0.04 per diluted share.
Positive
Seeking Alpha
2 months ago
Staying The Course With Northwest Bancshares As Earnings Near
Northwest Bancshares remains a 'hold' as its performance is expected to match the broader market. Despite a 7.6% rise in net interest income, non-interest income fell significantly due to one-time losses, impacting overall profitability. The bank's balance sheet shows minimal growth in deposits and a decline in loans, with a mixed asset quality and higher-than-preferred price to earnings multiple.
Neutral
PRNewsWire
2 months ago
Northwest Bancshares, Inc. to Host Third-Quarter 2024 Earnings Call
COLUMBUS, Ohio , Oct. 8, 2024 /PRNewswire/ -- Northwest Bancshares, Inc. (NASDAQ: NWBI) will host a conference call to review third-quarter 2024 financial results on Tuesday, October 29 at 9:00 a.m. (EDT). The results are scheduled to be released at approximately 7:30 a.m.
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