Brokerages forecast that Northwest Bancshares, Inc. (NASDAQ:NWBI) will announce earnings per share (EPS) of $0.26 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Northwest Bancshares’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.26. Northwest Bancshares posted earnings of $0.22 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 18.2%. The business is scheduled to announce its next quarterly earnings report on Monday, July 23rd.
According to Zacks, analysts expect that Northwest Bancshares will report full year earnings of $1.00 per share for the current year, with EPS estimates ranging from $0.99 to $1.00. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.02 per share, with EPS estimates ranging from $1.00 to $1.03. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Northwest Bancshares.
Get Northwest Bancshares alerts:Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings results on Monday, April 23rd. The savings and loans company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Northwest Bancshares had a net margin of 21.53% and a return on equity of 7.78%. The company had revenue of $103.56 million during the quarter, compared to the consensus estimate of $106.47 million.
A number of research firms have recently weighed in on NWBI. BidaskClub downgraded shares of Northwest Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.00 price target on shares of Northwest Bancshares in a research report on Tuesday, February 27th. Finally, Zacks Investment Research cut shares of Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research note on Saturday, April 21st.
Shares of Northwest Bancshares traded up $0.04, reaching $17.24, during midday trading on Friday, according to Marketbeat Ratings. The company’s stock had a trading volume of 243,376 shares, compared to its average volume of 325,486. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.18. Northwest Bancshares has a fifty-two week low of $14.95 and a fifty-two week high of $17.78. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.47 and a beta of 0.64.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Investors of record on Thursday, May 3rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, May 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 3.94%. Northwest Bancshares’s dividend payout ratio (DPR) is 80.95%.
In related news, Director Philip M. Tredway sold 5,714 shares of Northwest Bancshares stock in a transaction that occurred 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 transaction, the director now directly owns 21,888 shares of the company’s stock, valued at $376,035.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Koch Industries Inc. increased its stake in Northwest Bancshares by 16.0% in the first quarter. Koch Industries Inc. now owns 22,288 shares of the savings and loans company’s stock valued at $369,000 after acquiring an additional 3,081 shares during the last quarter. Swiss National Bank grew its stake in shares of Northwest Bancshares by 1.9% during the first quarter. Swiss National Bank now owns 169,100 shares of the savings and loans company’s stock worth $2,800,000 after buying an additional 3,200 shares during the last quarter. Tyers Asset Management LLC grew its stake in shares of Northwest Bancshares by 22.2% during the first quarter. Tyers Asset Management LLC now owns 19,404 shares of the savings and loans company’s stock worth $321,000 after buying an additional 3,520 shares during the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of Northwest Bancshares by 27.6% during the first quarter. Xact Kapitalforvaltning AB now owns 19,904 shares of the savings and loans company’s stock worth $330,000 after buying an additional 4,300 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Northwest Bancshares by 6.5% during the fourth quarter. Victory Capital Management Inc. now owns 70,886 shares of the savings and loans company’s stock worth $1,186,000 after buying an additional 4,301 shares during the last quarter. 68.31% 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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