Northwest Bancshares (NASDAQ:NWBI) Posts Earnings Results

Northwest Bancshares (NASDAQ:NWBIGet 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

(Get Free Report)

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.

Read More

Earnings History for Northwest Bancshares (NASDAQ:NWBI)

Receive News & Ratings for Northwest Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.