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Northwest Bancshares, Inc. Announces First Quarter 2024 Earnings and Quarterly Dividend
PRNewswire (Mon, 22-Apr 9:00 AM ET)
Northwest Bancshares, Inc. and Northwest Bank Name Douglas M. Schosser Chief Financial Officer
PRNewswire (Mon, 26-Feb 4:01 PM ET)
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.
Northwest Bancshares trades on the NASDAQ stock market under the symbol NWBI.
As of May 13, 2024, NWBI stock price climbed to $11.26 with 201,452 million shares trading.
NWBI has a beta of 0.90, meaning it tends to be less sensitive to market movements. NWBI has a correlation of 0.15 to the broad based SPY ETF.
NWBI has a market cap of $1.43 billion. This is considered a Small Cap stock.
Last quarter Northwest Bancshares reported $103 million in Revenue and $.23 earnings per share. This fell short of revenue expectation by $-2 million and met earnings estimates .
In the last 3 years, NWBI stock traded as high as $15.35 and as low as $9.80.
The top ETF exchange traded funds that NWBI belongs to (by Net Assets): IJR, VTI, VB, IWM, SCHD.
NWBI has underperformed the market in the last year with a return of +16.0%, while the SPY ETF gained +27.7%. In the last 3 month period, NWBI fell short of the market, returning -3.8%, while SPY returned +4.2%. However, in the most recent 2 weeks NWBI has outperformed the stock market by returning +5.9%, while SPY returned +2.4%.
NWBI support price is $10.98 and resistance is $11.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NWBI stock will trade within this expected range on the day.