Equities research analysts expect Northwest Bancshares, Inc. (NASDAQ:NWBI) to post $109.58 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Northwest Bancshares’ earnings. The highest sales estimate is $111.35 million and the lowest is $107.81 million. Northwest Bancshares posted sales of $107.15 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.3%. The company is expected to report its next quarterly earnings results on Monday, January 28th.

According to Zacks, analysts expect that Northwest Bancshares will report full-year sales of $431.11 million for the current financial year, with estimates ranging from $429.34 million to $432.88 million. For the next financial year, analysts anticipate that the company will post sales of $464.18 million, with estimates ranging from $458.71 million to $469.66 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Northwest Bancshares.

Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings data on Monday, October 22nd. The savings and loans company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. Northwest Bancshares had a net margin of 21.95% and a return on equity of 8.27%. The company had revenue of $108.37 million during the quarter, compared to the consensus estimate of $109.30 million.

NWBI has been the subject of a number of research reports. BidaskClub raised shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, September 15th. Boenning Scattergood initiated coverage on shares of Northwest Bancshares in a report on Monday, July 23rd. They issued a “hold” rating for the company. Finally, Zacks Investment Research cut shares of Northwest Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th.

NASDAQ NWBI traded down $0.02 during trading hours on Wednesday, hitting $17.21. The company had a trading volume of 780,873 shares, compared to its average volume of 424,937. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.00. Northwest Bancshares has a 1-year low of $15.34 and a 1-year high of $18.56. The company has a market capitalization of $1.76 billion, a PE ratio of 20.49, a P/E/G ratio of 2.35 and a beta of 0.71.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a $0.17 dividend. The ex-dividend date is Wednesday, October 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.95%. Northwest Bancshares’s payout ratio is 80.95%.

In other news, insider William J. Wagner sold 64,230 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $18.15, for a total value of $1,165,774.50. Following the completion of the sale, the insider now directly owns 97,593 shares of the company’s stock, valued at $1,771,312.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas J. Townsend sold 10,500 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $18.40, for a total transaction of $193,200.00. Following the completion of the sale, the executive vice president now directly owns 24,100 shares of the company’s stock, valued at $443,440. The disclosure for this sale can be found here. Insiders sold 154,821 shares of company stock valued at $2,828,275 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Large investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in Northwest Bancshares during the second quarter worth about $112,000. WBI Investments Inc. purchased a new position in Northwest Bancshares during the second quarter worth about $175,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Northwest Bancshares by 61.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,414 shares of the savings and loans company’s stock worth $237,000 after purchasing an additional 5,501 shares in the last quarter. Virtu Financial LLC purchased a new position in Northwest Bancshares during the second quarter worth about $246,000. Finally, Xact Kapitalforvaltning AB raised its holdings in Northwest Bancshares by 27.6% during the first quarter. Xact Kapitalforvaltning AB now owns 19,904 shares of the savings and loans company’s stock worth $330,000 after purchasing an additional 4,300 shares in the last quarter. 71.46% of the stock is owned by institutional investors and hedge funds.

Northwest Bancshares Company Profile

Northwest Bancshares, Inc operates as a bank holding company for Northwest Savings Bank that offers various personal and business banking solutions in the United States. The company offers personal and business deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts.

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

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