Analysts predict that Northwest Bancshares, Inc. (NASDAQ:NWBI) will announce earnings per share of $0.26 for the current quarter, Zacks reports. Two analysts have made estimates for Northwest Bancshares’ earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.25. Northwest Bancshares reported earnings per share of $0.22 during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.2%. The business is expected to report its next earnings report on Monday, July 23rd.
According to Zacks, analysts expect that Northwest Bancshares will report full-year earnings of $1.00 per share for the current year, with EPS estimates ranging from $0.99 to $1.00. For the next fiscal year, analysts anticipate that the company will report earnings of $1.06 per share, with EPS estimates ranging from $1.03 to $1.08. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Northwest Bancshares.
Get Northwest Bancshares alerts:Northwest Bancshares (NASDAQ:NWBI) last announced its earnings results on Monday, April 23rd. The savings and loans company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Northwest Bancshares had a return on equity of 7.78% and a net margin of 21.53%. The company had revenue of $103.56 million for the quarter, compared to analyst estimates of $106.47 million.
Several equities research analysts recently commented on NWBI shares. BidaskClub lowered Northwest Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. Zacks Investment Research lowered Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 21st. Finally, Boenning Scattergood restated a “hold” rating on shares of Northwest Bancshares in a research report on Wednesday, June 13th.
Shares of Northwest Bancshares opened at $17.91 on Wednesday, MarketBeat.com reports. Northwest Bancshares has a one year low of $15.06 and a one year high of $18.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $1.83 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 2.55 and a beta of 0.70.
In other Northwest Bancshares news, COO David E. Westerburg sold 18,178 shares of the stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $17.53, for a total value of $318,660.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jonathan P. Scalise sold 10,088 shares of the stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $17.52, for a total value of $176,741.76. Following the completion of the transaction, the executive vice president now owns 26,652 shares in the company, valued at approximately $466,943.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,802 shares of company stock worth $662,473. 2.20% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in NWBI. CNB Bank bought a new position in Northwest Bancshares in the fourth quarter worth approximately $105,000. Trexquant Investment LP bought a new position in Northwest Bancshares in the first quarter worth approximately $168,000. Raymond James & Associates bought a new position in Northwest Bancshares in the fourth quarter worth approximately $184,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Northwest Bancshares by 61.7% in 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 acquiring an additional 5,501 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Northwest Bancshares in the first quarter worth approximately $242,000. Institutional investors and hedge funds own 68.35% of the company’s stock.
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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