Wall Street analysts expect Northwest Bancshares, Inc. (NASDAQ:NWBI) to post earnings per share (EPS) of $0.28 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Northwest Bancshares’ earnings. The lowest EPS estimate is $0.27 and the highest is $0.29. Northwest Bancshares reported earnings per share of $0.25 during the same quarter last year, which would suggest a positive year over year growth rate of 12%. The company is scheduled to announce its next quarterly earnings results on Monday, July 22nd.
According to Zacks, analysts expect that Northwest Bancshares will report full-year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.11. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.12 per share, with EPS estimates ranging from $1.11 to $1.13. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Northwest Bancshares.
Northwest Bancshares (NASDAQ:NWBI) last released its earnings results on Wednesday, April 17th. The savings and loans company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). The firm had revenue of $109.64 million during the quarter, compared to the consensus estimate of $110.59 million. Northwest Bancshares had a return on equity of 8.48% and a net margin of 22.08%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS.
A number of equities research analysts recently issued reports on NWBI shares. Zacks Investment Research lowered Northwest Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. BidaskClub raised Northwest Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Boenning Scattergood reissued a “neutral” rating on shares of Northwest Bancshares in a research note on Wednesday, April 17th.
NASDAQ:NWBI traded up $0.17 during mid-day trading on Tuesday, reaching $17.18. The stock had a trading volume of 27,281 shares, compared to its average volume of 517,224. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 2.24 and a beta of 0.69. Northwest Bancshares has a one year low of $15.50 and a one year high of $18.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.00 and a quick ratio of 1.02.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be issued a $0.18 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $0.72 dividend on an annualized basis and a yield of 4.19%. Northwest Bancshares’s payout ratio is 70.59%.
In other Northwest Bancshares news, Director Robert M. Campana sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $17.03, for a total transaction of $187,330.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shawn O. Walker sold 1,780 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $18.68, for a total value of $33,250.40. Following the sale, the executive vice president now owns 35,412 shares of the company’s stock, valued at $661,496.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,380 shares of company stock valued at $231,110. 1.40% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Franklin Street Advisors Inc. NC purchased a new stake in Northwest Bancshares during the 1st quarter worth approximately $221,000. Riverhead Capital Management LLC increased its stake in Northwest Bancshares by 4.1% during the 1st quarter. Riverhead Capital Management LLC now owns 17,727 shares of the savings and loans company’s stock worth $301,000 after buying an additional 700 shares in the last quarter. Neuburgh Advisers LLC increased its stake in Northwest Bancshares by 4.4% during the 1st quarter. Neuburgh Advisers LLC now owns 34,102 shares of the savings and loans company’s stock worth $579,000 after buying an additional 1,428 shares in the last quarter. Tyers Asset Management LLC increased its stake in Northwest Bancshares by 4.4% during the 1st quarter. Tyers Asset Management LLC now owns 22,066 shares of the savings and loans company’s stock worth $374,000 after buying an additional 924 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in shares of Northwest Bancshares in the first quarter valued at approximately $676,000. Institutional investors own 74.36% of the company’s stock.
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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