Northwest Bancshares (NASDAQ:NWBI – Get Free Report) released its quarterly earnings results on Tuesday. The savings and loans company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26, Briefing.com reports. Northwest Bancshares had a net margin of 14.28% and a return on equity of 8.72%. The firm had revenue of $199.21 million during the quarter, compared to analyst estimates of $140.80 million. During the same quarter in the prior year, the firm earned $0.31 EPS.
Northwest Bancshares Price Performance
NWBI opened at $13.46 on Thursday. Northwest Bancshares has a 1-year low of $10.09 and a 1-year high of $14.55. The firm’s 50 day simple moving average is $13.35 and its two-hundred day simple moving average is $12.30. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $1.71 billion, a PE ratio of 16.62 and a beta of 0.62.
Northwest Bancshares Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 5.94%. Northwest Bancshares’s dividend payout ratio is currently 98.77%.
Northwest Bancshares Company Profile
Northwest Bancshares, Inc operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts.
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