Northwest Bancshares (NWBI) to Release Quarterly Earnings on Monday

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

Northwest Bancshares (NASDAQ:NWBI) last announced its earnings results on Monday, January 22nd. The savings and loans company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $186.56 million during the quarter, compared to analyst estimates of $133.06 million. Northwest Bancshares had a return on equity of 9.21% and a net margin of 19.23%. 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

Shares of NWBI stock opened at $11.13 on Friday. The stock has a 50-day moving average price of $11.34 and a 200 day moving average price of $11.48. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.41. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 10.50 and a beta of 0.60. Northwest Bancshares has a 12 month low of $9.80 and a 12 month high of $13.07.

Northwest Bancshares Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price objective on Northwest Bancshares from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 23rd.

Insiders Place Their Bets

In related news, EVP Scott J. Watson bought 5,000 shares of Northwest Bancshares stock in a transaction on Wednesday, January 24th. The shares were purchased at an average price of $12.90 per share, for a total transaction of $64,500.00. Following the completion of the acquisition, the executive vice president now owns 35,282 shares in the company, valued at $455,137.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Northwest Bancshares

Several institutional investors have recently modified their holdings of the business. State Street Corp lifted its stake in Northwest Bancshares by 59.4% in the 1st quarter. State Street Corp now owns 8,048,444 shares of the savings and loans company’s stock valued at $108,734,000 after acquiring an additional 2,999,249 shares in the last quarter. Norges Bank bought a new stake in Northwest Bancshares in the 4th quarter valued at approximately $15,875,000. BlackRock Inc. lifted its stake in Northwest Bancshares by 2.4% in the 1st quarter. BlackRock Inc. now owns 18,659,483 shares of the savings and loans company’s stock valued at $224,474,000 after acquiring an additional 428,733 shares in the last quarter. Vanguard Group Inc. lifted its stake in Northwest Bancshares by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 14,374,118 shares of the savings and loans company’s stock valued at $194,195,000 after acquiring an additional 368,801 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Northwest Bancshares by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,116,084 shares of the savings and loans company’s stock worth $109,649,000 after purchasing an additional 328,495 shares during the last quarter. 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.