Northwest Bancshares (NASDAQ:NWBI) – Research analysts at DA Davidson boosted their Q4 2018 earnings estimates for shares of Northwest Bancshares in a research report issued on Thursday, April 19th. DA Davidson analyst R. Gunther now anticipates that the savings and loans company will earn $0.26 per share for the quarter, up from their previous forecast of $0.25. DA Davidson also issued estimates for Northwest Bancshares’ Q1 2019 earnings at $0.24 EPS.
Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings data on Monday, January 22nd. The savings and loans company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $107.15 million for the quarter, compared to analysts’ expectations of $108.15 million. Northwest Bancshares had a net margin of 21.53% and a return on equity of 7.78%.
A number of other brokerages have also issued reports on NWBI. Boenning Scattergood reiterated a “hold” rating on shares of Northwest Bancshares in a research report on Tuesday, January 23rd. BidaskClub upgraded Northwest Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. Zacks Investment Research lowered Northwest Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $17.00 target price on shares of Northwest Bancshares in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Northwest Bancshares has a consensus rating of “Hold” and a consensus target price of $17.33.
Shares of NASDAQ NWBI opened at $16.96 on Monday. The company has a market cap of $1,707.92, a PE ratio of 20.19, a PEG ratio of 1.70 and a beta of 0.63. Northwest Bancshares has a 12 month low of $14.95 and a 12 month high of $17.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.00 and a current ratio of 1.01.
Hedge funds have recently made changes to their positions in the business. CNB Bank purchased a new position in Northwest Bancshares in the 4th quarter valued at $105,000. Raymond James & Associates purchased a new position in Northwest Bancshares in the 4th quarter valued at $184,000. CIBC Asset Management Inc purchased a new position in Northwest Bancshares in the 4th quarter valued at $228,000. Xact Kapitalforvaltning AB purchased a new position in Northwest Bancshares in the 4th quarter valued at $261,000. Finally, Elkfork Partners LLC purchased a new position in Northwest Bancshares in the 4th quarter valued at $266,000. Institutional investors own 67.54% of the company’s stock.
In other Northwest Bancshares news, Director Philip M. Tredway sold 5,714 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $17.18, for a total value of $98,166.52. Following the transaction, the director now owns 21,888 shares in the company, valued at approximately $376,035.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gerald J. Ritzert sold 10,800 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $16.57, for a total value of $178,956.00. Following the completion of the transaction, the executive vice president now owns 45,857 shares in the company, valued at approximately $759,850.49. The disclosure for this sale can be found here. Insiders have sold a total of 38,371 shares of company stock worth $647,733 in the last quarter. Insiders own 2.20% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 17th. Stockholders of record on Thursday, May 3rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, May 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.01%. Northwest Bancshares’s dividend payout ratio (DPR) is 80.95%.
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Northwest Bancshares Company Profile
Northwest Bancshares, Inc operates as a bank holding company for Northwest Savings Bank that offers various personal and business banking solutions in the United States. The company offers personal and business deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts.
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