Northwest Bancshares, Inc. operates as a holding company for Northwest Bank that offers various personal and business banking solutions. The company accepts various deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts. Its loan products include one-to-four family residential real estate, short-term consumer, multi-family residential and commercial real estate, commercial business, and residential mortgage loans; home equity lines of credit; and consumer loans comprising automobile, sales finance, unsecured personal, and credit card loans, as well as loans secured by deposit accounts. The company also offers investment management and trust services; and employee benefits, and property and casualty insurance As of December 31, 2020, it operated 170 community-banking locations in central and western Pennsylvania, western New York, and eastern Ohio. Northwest Bancshares, Inc. was founded in 1896 and is headquartered in Warren, Pennsylvania.
IPO Year: 2009
Exchange: NASDAQ
Website: northwest.bank
Date | Price Target | Rating | Analyst |
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9/29/2022 | $15.00 | Neutral | Janney |
5/6/2022 | $14.00 → $12.00 | Neutral → Underweight | Piper Sandler |
7/27/2021 | $13.50 | Mkt Perform | Keefe Bruyette |
7/27/2021 | Buy → Neutral | B. Riley Securities | |
7/27/2021 | $14.00 | Buy → Neutral | B. Riley Securities |
Northwest Bancshares (NASDAQ:NWBI) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.22 by 81.82 percent. This is a 84.62 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $106.84 million which beat the analyst consensus estimate of $104.44 million by 2.30 percent. This is a 1.57 percent decrease over sales of $108.55 million the same period last year.
Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. PBF Energy The Trade: PBF Energy Inc. (NYSE:PBF) 10% owner Empresarial de Capitales S.A. de C.V. Control acquired a total
Although U.S. stocks closed higher on Friday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Sempra The Trade: Sempra (NYSE:SRE) Director Richard J Mark acquired a total of 1,925 shares at an average price of $77.97.
Keefe, Bruyette & Woods analyst Timothy Switzer reiterates Northwest Bancshares (NASDAQ:NWBI) with a Market Perform and lowers the price target from $13 to $12.
Piper Sandler analyst Frank Schiraldi maintains Northwest Bancshares (NASDAQ:NWBI) with a Underweight and lowers the price target from $11 to $10.
Northwest Bancshares (NASDAQ:NWBI) reported quarterly earnings of $0.23 per share which met the analyst consensus estimate. This is a 11.54 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $103.24 million which missed the analyst consensus estimate of $105.03 million by 1.71 percent. This is a 8.20 percent decrease over sales of $112.46 million the same period last year.
By the end of today, February 27, 2024, FB Financial (NYSE:FBK) is set to deliver a dividend payout of $0.17 per share, equating to an annualized dividend yield of 1.73%. The company's dividend payout went ex-dividend on February 12, 2024, so only the investors that owned the stock prior to the ex-dividend date will receive this payout. FB Financial Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #ff
Northwest Bancshares, Inc. (NASDAQ:NWBI) and its wholly-owned subsidiary Northwest Bank announced today that Douglas M. Schosser has been appointed Chief Financial Officer, effective March 18, 2024. He will replace William W. Harvey, Jr., who announced his retirement last fall. Mr. Schosser will work alongside Mr. Harvey through 2024 to ensure a smooth transition of duties.In his new role as Chief Financial Officer, Mr. Schosser will be a key member of Northwest's executive leadership team, overseeing all financial management of Northwest Bank and a team across treasury, financial planning, accounting, reporting and tax, as well as facilities and enterprise project management. Reporting d
By the close of today, February 16, 2024, Westamerica Bancorp (NASDAQ:WABC) will issue a dividend payout of $0.44 per share, resulting in an annualized dividend yield of 3.54%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on February 02, 2024. Westamerica Bancorp Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }
Investors eagerly anticipate the dividend payout from Pathward Financial (NASDAQ:CASH) on February 07, 2024. With a payout of $0.05 per share and an annualized dividend yield of 0.40%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on December 11, 2023 Pathward Financial Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left;
COLUMBUS, Ohio, June 18, 2024 /PRNewswire/ -- Northwest Bank, a prominent regional financial services company, is pleased to announce the appointment of Urich Bowers as its new chief consumer banking and strategy officer and member of the bank's executive leadership team. Bowers, a seasoned banking executive with an impressive track record, succeeds John Golding, who recently departed the bank to pursue new opportunities. This strategic appointment represents a significant enhancement in leadership and underscores Northwest Bank's dedication to transforming its Retail strategy and accelerating growth in the highly competitive consumer banking sector.
COLUMBUS, OH / ACCESSWIRE / January 30, 2024 / With more than 30 years of credit lending and management experience, Molly Abair joins Northwest Bank, a full-service financial institution offering a complete line of business and personal banking solutions, as executive vice president and head of the bank's Commercial Credit Management division. With a proven track record in credit management, Abair brings a wealth of experience to Northwest. In her role, Abair will lead and oversee the Commercial Credit Management department, ensuring the bank's continued success in managing and mitigating credit risks associated with commercial lending.Additionally, Abair will play a pivotal role in oversee
Amber Lee Williams Joins the Northwest Bancshares, Inc. Board of DirectorsCOLUMBUS, OH / ACCESSWIRE / May 17, 2023 / The Board of Directors of Northwest Bancshares, Inc. (NASDAQ:NWBI) appointed Amber L. Williams to the company's Board of Directors, effective with the Board meeting held on May 17. Ms. Williams serves as senior vice president, deputy general counsel for Bath & Body Works, Inc. (formerly L Brands, Inc.) and leads global ethics and compliance and international legal strategy for the company. Prior to joining L Brands in 2018, Ms. Williams was senior associate general counsel, US compliance, at Walmart, Inc. She served in various leadership roles in the legal department durin
COLUMBUS, Ohio, Nov. 8, 2024 /PRNewswire/ -- Northwest Bank has lowered their prime lending rate to 7.75 percent from 8.00 percent, effective today, November 8, 2024. Northwest's rate last changed on September 19, 2024, decreasing from 8.5 percent to 8.0 percent. About Northwest BankHeadquartered in Columbus, Ohio, Northwest Bancshares, Inc. is the bank holding company of Northwest Bank. Founded in 1896, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, as well as employee benefits and wealth management s
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 remained 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"), (NASDAQ: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 compa
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. (EDT). The live audio webcast and presentation slides will be available on www.northwest.com under Investor Relations, Events & Presentations. Northwest will notify the public that financial results have been issued through its social media outlet @NWSB on X and Northwest Bank on LinkedIn, and by a press relea
COLUMBUS, Ohio, Sept. 19, 2024 /PRNewswire/ -- Northwest Bank has lowered their prime lending rate to 8.0 percent from 8.50 percent, effective today, September 19, 2024. About Northwest Bank Headquartered in Columbus, Ohio, Northwest Bancshares, Inc. is the bank holding company of Northwest Bank. Founded in 1896, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, as well as employee benefits and wealth management services. Currently, Northwest operates 131 full-service financial centers and eight free-sta
COLUMBUS, Ohio, Aug. 21, 2024 /PRNewswire/ -- Northwest Bank, a full-service financial institution offering a complete line of business and personal banking solutions, has named Sean Morrow as Interim Treasurer effective August 23. He will replace Corporate Treasurer and EVP of Finance and Accounting Jeffrey Maddigan, who is leaving to pursue an opportunity outside of the bank. In this role, Morrow will oversee the treasury function, including managing the bank's interest rate, liquidity and capital efforts; managing the securities investment portfolio; facilitating interest r
COLUMBUS, Ohio, Aug. 5, 2024 /PRNewswire/ -- Northwest Bank, a full-service financial institution offering a complete line of business and personal banking solutions, has named Joseph Canfield as Chief Accounting Officer. In his role, Canfield will oversee accounting operations, Northwest's SOX program, external reporting and accounts payable. As part of his duties, he will be responsible for supporting the transformation of the bank's Accounting Department as it deploys new accounting systems to better leverage automation and uses business data to drive deeper insights on
The Company's adjusted net operating income was $35 million, or $0.27 per diluted share(1) Previously announced balance sheet restructure successfully completed Net interest margin expands 10 basis points to 3.20% Credit quality remains strong 119th consecutive quarterly dividend of $0.20 per share declared COLUMBUS, Ohio, July 23, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended June 30, 2024 of $5 million, or $0.04 per diluted share. This represents a decrease of $28 million compared to the same quart
COLUMBUS, Ohio, July 12, 2024 /PRNewswire/ -- will host a conference call to review second-quarter 2024 financial results on Tuesday, July 23 at 9:00 a.m. (EDT). The results are scheduled to be released at approximately 7:00 a.m. (EDT). The live audio webcast and presentation slides will be available on www.northwest.com under Investor Relations, Events & Presentations. Northwest will notify the public that financial results have been issued through its social media outlet @NWSB on X and Northwest Bank on LinkedIn, and by a press release over PR Newswire. In addition to being
COLUMBUS, Ohio, June 18, 2024 /PRNewswire/ -- Northwest Bank, a prominent regional financial services company, is pleased to announce the appointment of Urich Bowers as its new chief consumer banking and strategy officer and member of the bank's executive leadership team. Bowers, a seasoned banking executive with an impressive track record, succeeds John Golding, who recently departed the bank to pursue new opportunities. This strategic appointment represents a significant enhancement in leadership and underscores Northwest Bank's dedication to transforming its Retail strategy and accelerating growth in the highly competitive consumer banking sector.
118th consecutive quarterly dividend of $0.20 per share declared. COLUMBUS, Ohio, April 22, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended March 31, 2024 of $29 million, or $0.23 per diluted share. This represents a decrease of $5 million, or 13%, compared to the same quarter last year, when net income was $34 million, or $0.26 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2024 were 7.57% and 0.81% compared to 9.11% and 0.97% for the same quarter last year.
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 remained 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"), (NASDAQ: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 compa
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. (EDT). The live audio webcast and presentation slides will be available on www.northwest.com under Investor Relations, Events & Presentations. Northwest will notify the public that financial results have been issued through its social media outlet @NWSB on X and Northwest Bank on LinkedIn, and by a press relea
The Company's adjusted net operating income was $35 million, or $0.27 per diluted share(1) Previously announced balance sheet restructure successfully completed Net interest margin expands 10 basis points to 3.20% Credit quality remains strong 119th consecutive quarterly dividend of $0.20 per share declared COLUMBUS, Ohio, July 23, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended June 30, 2024 of $5 million, or $0.04 per diluted share. This represents a decrease of $28 million compared to the same quart
COLUMBUS, Ohio, July 12, 2024 /PRNewswire/ -- will host a conference call to review second-quarter 2024 financial results on Tuesday, July 23 at 9:00 a.m. (EDT). The results are scheduled to be released at approximately 7:00 a.m. (EDT). The live audio webcast and presentation slides will be available on www.northwest.com under Investor Relations, Events & Presentations. Northwest will notify the public that financial results have been issued through its social media outlet @NWSB on X and Northwest Bank on LinkedIn, and by a press release over PR Newswire. In addition to being
118th consecutive quarterly dividend of $0.20 per share declared. COLUMBUS, Ohio, April 22, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended March 31, 2024 of $29 million, or $0.23 per diluted share. This represents a decrease of $5 million, or 13%, compared to the same quarter last year, when net income was $34 million, or $0.26 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2024 were 7.57% and 0.81% compared to 9.11% and 0.97% for the same quarter last year.
COLUMBUS, Ohio, Jan. 22, 2024 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended December 31, 2023 of $29.0 million, or $0.23 per diluted share. This represents a decrease of $5.6 million, or 16.3%, compared to the same quarter last year, when net income was $34.6 million, or $0.27 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2023 were 7.64% and 0.80% compared to 9.38% and 0.98% for the same quarter last year. The Company also an
COLUMBUS, Ohio, July 24, 2023 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended June 30, 2023 of $33.0 million, or $0.26 per diluted share. This represents a decrease of $382,000, or 1.1%, compared to the same quarter last year, when net income was $33.4 million, or $0.26 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2023 were 8.72% and 0.93% compared to 8.90% and 0.94% for the same quarter last year. The Company also announced that
COLUMBUS, Ohio, April 24, 2023 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended March 31, 2023 of $33.7 million, or $0.26 per diluted share. This represents an increase of $5.4 million, or 19.1%, compared to the same quarter last year, when net income was $28.3 million, or $0.22 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended March 31, 2023 were 9.11% and 0.97% compared to 7.17% and 0.80% for the same quarter last year. The Company also announ
COLUMBUS, Ohio, Jan. 23, 2023 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended December 31, 2022 of $34.6 million, or $0.27 per diluted share. This represents an increase of $4.6 million, or 15.3%, compared to the same quarter last year, when net income was $30.1 million, or $0.24 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended December 31, 2022 were 9.38% and 0.98% compared to 7.65% and 0.82% for the quarter ended December 31, 2021. The Co
COLUMBUS, Ohio, Oct. 24, 2022 /PRNewswire/ -- Northwest Bancshares, Inc., (the "Company"), (NASDAQ:NWBI) announced net income for the quarter ended September 30, 2022 of $37.3 million, or $0.29 per diluted share. This represents an increase of $2.2 million, or 6.4%, compared to the same quarter last year, when net income was $35.1 million, or $0.27 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended September 30, 2022 were 9.84% and 1.05% compared to 8.86% and 0.97% for the quarter ended September 30, 2021. The
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Janney initiated coverage of Northwest Bancshares with a rating of Neutral and set a new price target of $15.00
Piper Sandler downgraded Northwest Bancshares from Neutral to Underweight and set a new price target of $12.00 from $14.00 previously
Keefe Bruyette resumed coverage of Northwest Bancshares with a rating of Mkt Perform and set a new price target of $13.50
B. Riley Securities downgraded Northwest Bancshares from Buy to Neutral
B. Riley Securities downgraded Northwest Bancshares from Buy to Neutral and set a new price target of $14.00
B. Riley reiterated coverage of Northwest Bancshares with a rating of Buy and set a new price target of $16.00 from $15.00 previously
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