Equities research analysts expect that Northwest Bancshares, Inc. (NASDAQ:NWBI) will report earnings per share of $0.28 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Northwest Bancshares’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.29. Northwest Bancshares reported earnings of $0.25 per share in the same quarter last year, which suggests a positive year over year growth rate of 12%. The business is scheduled to announce its next quarterly earnings report on Monday, July 22nd.
According to Zacks, analysts expect that Northwest Bancshares will report full year earnings of $1.11 per share for the current financial year, with EPS estimates ranging from $1.09 to $1.12. For the next financial year, analysts expect that the company will post earnings of $1.13 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Northwest Bancshares.
Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings results on Wednesday, April 17th. The savings and loans company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Northwest Bancshares had a net margin of 22.08% and a return on equity of 8.48%. The firm had revenue of $109.64 million during the quarter, compared to analysts’ expectations of $110.59 million. During the same quarter in the prior year, the business earned $0.24 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year.
A number of analysts recently commented on the company. Zacks Investment Research upgraded FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective for the company in a research report on Tuesday, June 25th. Boenning Scattergood reiterated an “outperform” rating and set a $47.75 price objective on shares of WSFS Financial in a research report on Thursday, June 20th. Finally, BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th.
In other Northwest Bancshares news, Director Timothy M. Hunter purchased 4,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of $17.15 per share, with a total value of $68,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert M. Campana sold 11,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $17.03, for a total value of $187,330.00. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
Large investors have recently modified their holdings of the business. Resources Investment Advisors Inc. boosted its stake in Northwest Bancshares by 23.8% in the 1st quarter. Resources Investment Advisors Inc. now owns 4,566 shares of the savings and loans company’s stock worth $77,000 after buying an additional 879 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Northwest Bancshares in the 1st quarter worth about $146,000. Sciencast Management LP acquired a new stake in Northwest Bancshares in the 1st quarter worth about $198,000. HRT Financial LLC acquired a new stake in Northwest Bancshares in the 4th quarter worth about $215,000. Finally, Franklin Street Advisors Inc. NC acquired a new stake in Northwest Bancshares in the 1st quarter worth about $221,000. 72.08% of the stock is currently owned by hedge funds and other institutional investors.
Northwest Bancshares stock traded down $0.18 during midday trading on Monday, reaching $17.37. 220,800 shares of the company were exchanged, compared to its average volume of 465,069. The firm has a market capitalization of $1.82 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 2.27 and a beta of 0.68. The company’s 50-day moving average is $17.21. Northwest Bancshares has a 1 year low of $15.50 and a 1 year high of $18.81. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.18.
Northwest Bancshares Company Profile
Northwest Bancshares, Inc is a holding company. It offers personal & business banking products including employee benefits, investment management services, insurance and trust. It engages in collecting deposits and making loans secured by various types of collateral, including real estate and other assets.
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