Northwest Bancshares (NWBI) Set to Announce Earnings on Monday
Northwest Bancshares (NASDAQ:NWBI) is set to issue its quarterly earnings data on Monday, January 22nd. Analysts expect the company to announce earnings of $0.23 per share for the quarter.
Northwest Bancshares (NASDAQ:NWBI) last released 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 firm had revenue of $107.83 million during the quarter, compared to analyst estimates of $106.63 million. Northwest Bancshares had a return on equity of 7.54% and a net margin of 20.59%. 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 (NWBI) opened at $16.97 on Monday. The company has a market capitalization of $1,741.46, a price-to-earnings ratio of 18.05, a PEG ratio of 1.66 and a beta of 0.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.99 and a quick ratio of 0.99. Northwest Bancshares has a 1 year low of $14.95 and a 1 year high of $18.63.
NWBI has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.00 price target on shares of Northwest Bancshares in a research report on Sunday, October 8th. Boenning Scattergood reissued a “hold” rating on shares of Northwest Bancshares in a research report on Tuesday, October 24th. Zacks Investment Research lowered Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Finally, BidaskClub lowered Northwest Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $17.25.
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.
Receive News & Stock Ratings for Northwest Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Bancshares and related stocks with our FREE daily email newsletter.