Northwest Bancshares (NWBI) Set to Announce Quarterly Earnings on Monday

Northwest Bancshares (NASDAQ:NWBI) is scheduled to be releasing its earnings data on Monday, April 22nd.

Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings data on Monday, January 22nd. The savings and loans company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Northwest Bancshares had a net margin of 19.23% and a return on equity of 9.21%. The firm had revenue of $186.56 million for the quarter, compared to the consensus estimate of $133.06 million. On average, analysts expect Northwest Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Northwest Bancshares Price Performance

NASDAQ:NWBI opened at $11.13 on Friday. Northwest Bancshares has a one year low of $9.80 and a one year high of $13.07. The company has a market cap of $1.41 billion, a P/E ratio of 10.50 and a beta of 0.60. The firm’s fifty day moving average price is $11.34 and its two-hundred day moving average price is $11.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.96 and a quick ratio of 0.95.

Northwest Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Friday, February 2nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $0.80 annualized dividend and a dividend yield of 7.19%. Northwest Bancshares’s dividend payout ratio (DPR) is presently 75.47%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price target on shares of Northwest Bancshares from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Tuesday, January 23rd.

Insider Transactions at Northwest Bancshares

In other Northwest Bancshares news, EVP Scott J. Watson acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was acquired at an average price of $12.90 per share, for a total transaction of $64,500.00. Following the acquisition, the executive vice president now directly owns 35,282 shares in the company, valued at $455,137.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. HBK Sorce Advisory LLC increased its position in Northwest Bancshares by 3.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 36,156 shares of the savings and loans company’s stock valued at $652,000 after purchasing an additional 1,100 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Northwest Bancshares by 5.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 28,541 shares of the savings and loans company’s stock valued at $356,000 after purchasing an additional 1,487 shares during the period. Advisor Group Holdings Inc. grew its position in shares of Northwest Bancshares by 5.9% during the 4th quarter. Advisor Group Holdings Inc. now owns 29,273 shares of the savings and loans company’s stock worth $408,000 after buying an additional 1,620 shares during the period. Toroso Investments LLC grew its position in shares of Northwest Bancshares by 12.5% during the 1st quarter. Toroso Investments LLC now owns 15,585 shares of the savings and loans company’s stock worth $211,000 after buying an additional 1,728 shares during the period. Finally, Money Concepts Capital Corp acquired a new stake in shares of Northwest Bancshares during the 4th quarter worth approximately $26,000. Institutional investors own 66.32% of the company’s stock.

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.