Analysts Expect Northwest Bancshares, Inc. (NASDAQ:NWBI) Will Announce Earnings of $0.28 Per Share


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Equities research analysts expect Northwest Bancshares, Inc. (NASDAQ:NWBI) to report $0.28 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have provided estimates for Northwest Bancshares’ earnings. The lowest EPS estimate is $0.24 and the highest is $0.30. Northwest Bancshares reported earnings of $0.07 per share during the same quarter last year, which would suggest a positive year over year growth rate of 300%. The business is expected to report its next earnings results on Monday, April 26th.

On average, analysts expect that Northwest Bancshares will report full-year earnings of $1.05 per share for the current financial year, with EPS estimates ranging from $0.94 to $1.20. For the next financial year, analysts forecast that the firm will post earnings of $1.03 per share, with EPS estimates ranging from $0.87 to $1.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that cover Northwest Bancshares.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings data on Sunday, January 24th. The savings and loans company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $135.01 million during the quarter, compared to analyst estimates of $137.70 million. Northwest Bancshares had a net margin of 11.80% and a return on equity of 7.20%.

Separately, B. Riley lifted their target price on Northwest Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, January 26th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.33.

In related news, EVP Mark T. Reitzes bought 2,110 shares of the business’s stock in a transaction on Monday, February 22nd. The shares were bought at an average price of $14.07 per share, for a total transaction of $29,687.70. Following the completion of the purchase, the executive vice president now directly owns 5,025 shares of the company’s stock, valued at $70,701.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Julia W. Mctavish sold 47,000 shares of Northwest Bancshares stock in a transaction dated Wednesday, February 24th. The shares were sold at an average price of $14.55, for a total value of $683,850.00. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 17,485 shares of company stock valued at $238,624 and sold 79,376 shares valued at $1,123,809. Insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of NWBI. Meeder Asset Management Inc. grew its stake in Northwest Bancshares by 3,239.7% in the fourth quarter. Meeder Asset Management Inc. now owns 1,937 shares of the savings and loans company’s stock valued at $25,000 after purchasing an additional 1,879 shares during the last quarter. Valley Brook Capital Group purchased a new position in Northwest Bancshares in the fourth quarter valued at about $33,000. Veriti Management LLC purchased a new position in Northwest Bancshares in the fourth quarter valued at about $70,000. Jane Street Group LLC purchased a new position in Northwest Bancshares in the third quarter valued at about $116,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Northwest Bancshares during the third quarter worth about $119,000. Institutional investors own 61.77% of the company’s stock.

Shares of NASDAQ:NWBI traded down $0.01 on Thursday, hitting $14.41. 12,889 shares of the company’s stock were exchanged, compared to its average volume of 704,108. Northwest Bancshares has a 12 month low of $8.52 and a 12 month high of $15.48. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 25.75 and a beta of 0.68. The business’s 50 day simple moving average is $14.60 and its two-hundred day simple moving average is $12.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.99.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 15th. Investors of record on Thursday, February 4th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 3rd. This represents a $0.76 annualized dividend and a dividend yield of 5.27%. Northwest Bancshares’s payout ratio is currently 72.38%.

Northwest Bancshares Company Profile

Northwest Bancshares, Inc operates as a holding company for Northwest Bank that offers various personal and business banking solutions. The company accepts various deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts. Its loan products include one-to-four family residential real estate, short-term consumer, multi-family residential and commercial real estate, commercial business, and residential mortgage loans; home equity lines of credit; and consumer loans comprising automobile, sales finance, unsecured personal, and credit card loans, as well as loans secured by deposit accounts.

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Earnings History and Estimates for Northwest Bancshares (NASDAQ:NWBI)

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