Keefe, Bruyette & Woods Lowers Northwest Bancshares Price Target to $12.50 (NWBI)
Stock analysts at Keefe, Bruyette & Woods reduced their price target on shares of Northwest Bancshares (NASDAQ:NWBI) from $14.00 to $12.50 in a report issued on Wednesday. Keefe, Bruyette & Woods’ price objective points to a potential downside of 1.34% from the stock’s previous close.
Shares of Northwest Bancshares (NASDAQ:NWBI) traded down 0.16% on Wednesday, hitting $12.67. 506,093 shares of the company’s stock traded hands. Northwest Bancshares has a 52 week low of $12.65 and a 52 week high of $15.11. The stock has a 50-day moving average of $13.39 and a 200-day moving average of $13.98. The company has a market cap of $1.203 billion and a P/E ratio of 17.90.
Northwest Bancshares (NASDAQ:NWBI) last released its earnings data on Monday, July 21st. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.02. Analysts expect that Northwest Bancshares will post $0.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Investors of record on Thursday, July 31st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Tuesday, July 29th.
Northwest Bancshares, Inc is a savings and loan holding company. The primary activity of the Company is the ownership of all of the issued and outstanding common stock of Northwest Savings Bank, a chartered savings bank (NASDAQ:NWBI).
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