Northwest Bancshares (NWBI) Scheduled to Post Quarterly Earnings on Monday

Northwest Bancshares (NASDAQ:NWBI) will be issuing its quarterly earnings data on Monday, April 23rd. Analysts expect the company to announce earnings of $0.24 per share for the quarter.

Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings data on Monday, January 22nd. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The business had revenue of $107.15 million during the quarter, compared to the consensus estimate of $108.15 million. Northwest Bancshares had a net margin of 20.11% and a return on equity of 7.23%. On average, analysts expect Northwest Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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Shares of NASDAQ NWBI opened at $16.47 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1,712.02, a price-to-earnings ratio of 19.61, a PEG ratio of 1.62 and a beta of 0.63. Northwest Bancshares has a 1 year low of $14.95 and a 1 year high of $17.78.

In other news, Director Philip M. Tredway sold 5,714 shares of Northwest Bancshares stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $17.18, for a total transaction of $98,166.52. Following the completion of the sale, the director now owns 21,888 shares of the company’s stock, valued at $376,035.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gerald J. Ritzert sold 10,800 shares of Northwest Bancshares stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $16.57, for a total transaction of $178,956.00. Following the sale, the executive vice president now directly owns 45,857 shares of the company’s stock, valued at approximately $759,850.49. The disclosure for this sale can be found here. Insiders have sold 38,371 shares of company stock valued at $647,733 in the last ninety days. Insiders own 2.20% of the company’s stock.

NWBI has been the subject of several analyst reports. Zacks Investment Research raised shares of Northwest Bancshares from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, January 3rd. BidaskClub raised shares of Northwest Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Boenning Scattergood reissued a “hold” rating on shares of Northwest Bancshares in a research note on Tuesday, January 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.00 price target on shares of Northwest Bancshares in a research note on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $17.33.

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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.

Earnings History for Northwest Bancshares (NASDAQ:NWBI)

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