Northwest Bancshares (NASDAQ:NWBI) had its price target increased by RBC Capital from $14.00 to $15.00 in a research report sent to investors on Wednesday morning, Stock Ratings Network reports. The firm currently has an outperform rating on the stock.
Separately, analysts at Keefe, Bruyette & Woods downgraded shares of Northwest Bancshares from an outperform rating to a market perform rating in a research note to investors on Tuesday.
Northwest Bancshares (NASDAQ: NWBI) opened at 14.31 on Wednesday. Northwest Bancshares has a 52-week low of $11.11 and a 52-week high of $14.57. The stock’s 50-day moving average is currently $13.49. The company has a market cap of $1.341 billion and a price-to-earnings ratio of 20.89.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Tuesday, July 30th. This is a boost from Northwest Bancshares’s previous quarterly dividend of $0.12.
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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