Northwest Bancshares, Inc. (NASDAQ:NWBI) declared a quarterly dividend on Tuesday, October 24th, Wall Street Journal reports. Stockholders of record on Thursday, November 2nd will be given a dividend of 0.16 per share by the savings and loans company on Thursday, November 16th. This represents a $0.64 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Wednesday, November 1st.
Northwest Bancshares (NASDAQ:NWBI) traded up $0.05 during mid-day trading on Friday, hitting $15.58. The stock had a trading volume of 556,800 shares, compared to its average volume of 481,046. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $1,593.69, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 1.84 and a beta of 0.64. Northwest Bancshares has a 12 month low of $14.95 and a 12 month high of $19.10.
Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings data on Monday, October 23rd. The savings and loans company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $107.83 million for the quarter, compared to analysts’ expectations of $106.63 million. Northwest Bancshares had a return on equity of 7.54% and a net margin of 20.59%. analysts predict that Northwest Bancshares will post 0.85 EPS for the current fiscal year.
In related news, EVP Andrew Young sold 5,625 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $16.18, for a total transaction of $91,012.50. Following the transaction, the executive vice president now directly owns 60,254 shares of the company’s stock, valued at approximately $974,909.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jonathan P. Scalise sold 6,047 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $17.21, for a total value of $104,068.87. Following the transaction, the executive vice president now owns 18,402 shares in the company, valued at $316,698.42. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Several research firms have weighed in on NWBI. Boenning Scattergood reaffirmed a “hold” rating on shares of Northwest Bancshares in a report on Tuesday, October 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $16.00 price target on shares of Northwest Bancshares in a report on Sunday, October 8th. Finally, Zacks Investment Research cut Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $16.67.
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Northwest Bancshares Company Profile
Northwest Bancshares, Inc (Northwest) is a savings and loan holding company. The Company’s principal business consists of attracting deposits and making loans secured by various types of collateral, including real estate and other assets in the markets in which it operates. Its segments include Community Banking and Consumer Finance.
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