Northwest Bancshares (NASDAQ:NWBI) Issues Earnings Results

Northwest Bancshares (NASDAQ:NWBI) posted its quarterly earnings data on Monday. The savings and loans company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23, Yahoo Finance reports. Northwest Bancshares had a return on equity of 9.21% and a net margin of 19.23%.

Northwest Bancshares Trading Down 0.6 %

Shares of NWBI opened at $11.06 on Tuesday. Northwest Bancshares has a 52-week low of $9.80 and a 52-week high of $13.07. The business’s fifty day moving average is $11.32 and its 200-day moving average is $11.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 0.96. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 10.43 and a beta of 0.60.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their price objective on Northwest Bancshares from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 23rd.

Insider Activity

In other Northwest Bancshares news, EVP Scott J. Watson purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were bought at an average price of $12.90 per share, for a total transaction of $64,500.00. Following the purchase, the executive vice president now owns 35,282 shares in the company, valued at approximately $455,137.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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.