Wall Street analysts forecast that Northwest Bancshares, Inc. (NASDAQ:NWBI) will report $0.23 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Northwest Bancshares’ earnings. The lowest EPS estimate is $0.21 and the highest is $0.24. Northwest Bancshares posted earnings of $0.25 per share in the same quarter last year, which would suggest a negative year over year growth rate of 8%. The business is scheduled to announce its next quarterly earnings results on Monday, January 22nd.

According to Zacks, analysts expect that Northwest Bancshares will report full-year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from $0.90 to $0.93. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.91 per share, with EPS estimates ranging from $0.85 to $0.97. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Northwest Bancshares.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings results on Monday, October 23rd. The savings and loans company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The business had revenue of $107.83 million during the quarter, compared to the consensus estimate of $106.63 million. Northwest Bancshares had a net margin of 20.59% and a return on equity of 7.54%.

Several equities research analysts have recently issued reports on NWBI shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.00 price objective on shares of Northwest Bancshares in a research report on Sunday, October 8th. Boenning Scattergood reaffirmed a “hold” rating on shares of Northwest Bancshares in a research report on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.67.

In other Northwest Bancshares news, EVP Andrew Young sold 5,625 shares of Northwest Bancshares stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $16.18, for a total value of $91,012.50. Following the transaction, the executive vice president now directly owns 60,254 shares in the company, valued at $974,909.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jonathan P. Scalise sold 6,047 shares of Northwest Bancshares stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $17.21, for a total transaction of $104,068.87. Following the completion of the transaction, the executive vice president now owns 18,402 shares in the company, valued at $316,698.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,672 shares of company stock valued at $367,881. 2.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of NWBI. Public Employees Retirement System of Ohio increased its stake in shares of Northwest Bancshares by 2.5% during the second quarter. Public Employees Retirement System of Ohio now owns 7,284 shares of the savings and loans company’s stock worth $114,000 after acquiring an additional 180 shares during the period. SG Americas Securities LLC increased its stake in shares of Northwest Bancshares by 32.9% during the second quarter. SG Americas Securities LLC now owns 8,528 shares of the savings and loans company’s stock worth $133,000 after acquiring an additional 2,112 shares during the period. Shelton Capital Management acquired a new position in shares of Northwest Bancshares during the second quarter worth about $158,000. Riverhead Capital Management LLC increased its stake in shares of Northwest Bancshares by 53.9% during the second quarter. Riverhead Capital Management LLC now owns 10,160 shares of the savings and loans company’s stock worth $159,000 after acquiring an additional 3,560 shares during the period. Finally, Clinton Group Inc. acquired a new position in shares of Northwest Bancshares during the second quarter worth about $160,000. Institutional investors own 64.53% of the company’s stock.

Northwest Bancshares (NASDAQ NWBI) traded down $0.09 during trading on Thursday, hitting $16.66. 341,286 shares of the stock traded hands, compared to its average volume of 391,059. The stock has a market cap of $1,709.65, a PE ratio of 18.93, a P/E/G ratio of 1.97 and a beta of 0.63. Northwest Bancshares has a 1-year low of $14.95 and a 1-year high of $19.10. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.19.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Thursday, November 2nd were given a $0.16 dividend. The ex-dividend date was Wednesday, November 1st. This represents a $0.64 dividend on an annualized basis and a yield of 3.84%. Northwest Bancshares’s dividend payout ratio (DPR) is presently 68.09%.

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About Northwest Bancshares

Northwest Bancshares, Inc (Northwest) is a savings and loan holding company. The Company’s principal business consists of attracting deposits and making loans secured by various types of collateral, including real estate and other assets in the markets in which it operates. Its segments include Community Banking and Consumer Finance.

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

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