Equities analysts expect that Northwest Bancshares (NASDAQ:NWBI) will report earnings of $0.26 per share for the current quarter, Zacks reports. Two analysts have made estimates for Northwest Bancshares’ earnings, with estimates ranging from $0.25 to $0.26. Northwest Bancshares reported earnings of $0.22 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 18.2%. The firm is expected to report its next quarterly earnings report on Monday, July 23rd.
On average, analysts expect that Northwest Bancshares will report full year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.99 to $1.00. For the next fiscal year, analysts forecast that the business will post earnings of $1.02 per share, with EPS estimates ranging from $1.00 to $1.03. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Northwest Bancshares.
Northwest Bancshares (NASDAQ:NWBI) last issued its earnings results on Monday, April 23rd. The savings and loans company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $103.56 million for the quarter, compared to analysts’ expectations of $106.47 million. Northwest Bancshares had a net margin of 21.53% and a return on equity of 7.78%.
A number of brokerages have issued reports on NWBI. BidaskClub lowered shares of Northwest Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Zacks Investment Research lowered shares of Northwest Bancshares from a “hold” rating to a “strong sell” rating in a report on Saturday, April 21st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.00 price target on shares of Northwest Bancshares in a report on Tuesday, February 27th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Northwest Bancshares in a report on Tuesday, January 23rd.
Northwest Bancshares traded up $0.08, reaching $16.85, during trading hours on Wednesday, Marketbeat reports. The company’s stock had a trading volume of 322,397 shares, compared to its average volume of 478,855. The stock has a market cap of $1.70 billion, a PE ratio of 18.03, a PEG ratio of 2.38 and a beta of 0.64. Northwest Bancshares has a 1 year low of $16.72 and a 1 year high of $16.82. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.18.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 17th. Shareholders of record on Thursday, May 3rd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, May 2nd. Northwest Bancshares’s dividend payout ratio (DPR) is presently 80.95%.
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 shares were sold at an average price of $17.18, for a total value of $98,166.52. Following the sale, the director now owns 21,888 shares of the company’s stock, valued at approximately $376,035.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Arizona State Retirement System grew its holdings in Northwest Bancshares by 224.1% in the 4th quarter. Arizona State Retirement System now owns 172,477 shares of the savings and loans company’s stock worth $2,886,000 after acquiring an additional 119,266 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Northwest Bancshares by 6.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,485,459 shares of the savings and loans company’s stock valued at $24,852,000 after purchasing an additional 91,871 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Northwest Bancshares by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 1,254,060 shares of the savings and loans company’s stock valued at $20,979,000 after purchasing an additional 65,413 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Northwest Bancshares by 74.2% during the 4th quarter. Deutsche Bank AG now owns 295,514 shares of the savings and loans company’s stock valued at $4,942,000 after purchasing an additional 125,871 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Northwest Bancshares by 6.5% during the 4th quarter. Victory Capital Management Inc. now owns 70,886 shares of the savings and loans company’s stock valued at $1,186,000 after purchasing an additional 4,301 shares in the last quarter. 68.24% of the stock is currently owned by institutional investors and hedge funds.
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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