Northwest Bancshares (NASDAQ:NWBI) Issues Earnings Results

Northwest Bancshares (NASDAQ:NWBI) issued its quarterly earnings data on Monday. The savings and loans company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23, Yahoo Finance reports. Northwest Bancshares had a net margin of 17.84% and a return on equity of 8.81%. The business had revenue of $188.20 million during the quarter, compared to the consensus estimate of $132.80 million.

Northwest Bancshares Stock Down 0.5 %

NWBI opened at $11.00 on Wednesday. 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 stock has a market cap of $1.40 billion, a price-to-earnings ratio of 10.68 and a beta of 0.60. Northwest Bancshares has a twelve month low of $9.80 and a twelve month high of $13.07. The company’s 50-day moving average price is $11.30 and its two-hundred day moving average price is $11.50.

Northwest Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, May 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date of this dividend is Wednesday, May 1st. Northwest Bancshares’s payout ratio is 77.67%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $12.00 price objective (down from $13.00) on shares of Northwest Bancshares in a research report on Tuesday. Piper Sandler reduced their price objective on shares of Northwest Bancshares from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday.

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.