Northwest Bancshares, Inc. (NWBI, Financial) reported a significant improvement in its net interest margin for the first quarter, reaching 3.87%, compared to 3.42% in the previous quarter and 3.10% a year prior. In addition, the company's tangible book value per share increased to $9.75 from $9.51 at the end of the preceding quarter.
The organization attributed this performance to effective execution, meticulous cost management, and disciplined risk control. Northwest Bancshares is actively enhancing its capabilities, expanding its reach, and providing personalized services to its clients. Despite the unpredictable market conditions, the company remains optimistic about its future prospects and is focused on maintaining a strong financial foundation.
The company is also dedicated to efficient cost management and risk oversight while preparing for the completion of its financial close and systems conversion following the acquisition of Penns Woods, anticipated by late July 2025. NWBI aims to leverage opportunities that align with its growth strategy, ensuring sustainable and responsible profitability in the months ahead.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Northwest Bancshares Inc (NWBI, Financial) is $13.38 with a high estimate of $15.00 and a low estimate of $12.00. The average target implies an upside of 12.87% from the current price of $11.85. More detailed estimate data can be found on the Northwest Bancshares Inc (NWBI) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Northwest Bancshares Inc's (NWBI, Financial) average brokerage recommendation is currently 3.2, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Northwest Bancshares Inc (NWBI, Financial) in one year is $13.05, suggesting a upside of 10.13% from the current price of $11.85. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Northwest Bancshares Inc (NWBI) Summary page.
