Northwest Bancshares, Inc. (NASDAQ:NWBI) – Stock analysts at Boenning Scattergood cut their Q3 2017 EPS estimates for Northwest Bancshares in a report released on Tuesday. Boenning Scattergood analyst M. Schultheis now forecasts that the savings and loans company will post earnings per share of $0.21 for the quarter, down from their previous estimate of $0.24. Boenning Scattergood also issued estimates for Northwest Bancshares’ FY2017 earnings at $0.85 EPS and FY2018 earnings at $1.00 EPS.

Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings data on Monday, July 24th. The savings and loans company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Northwest Bancshares had a return on equity of 7.49% and a net margin of 18.91%. The firm had revenue of $124.21 million during the quarter, compared to analyst estimates of $116.82 million.

WARNING: This report was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/07/26/analysts-offer-predictions-for-northwest-bancshares-inc-s-q3-2017-earnings-nwbi.html.

NWBI has been the subject of a number of other reports. Zacks Investment Research raised Northwest Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. BidaskClub raised Northwest Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Finally, ValuEngine cut Northwest Bancshares from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.60.

Shares of Northwest Bancshares (NASDAQ:NWBI) opened at 16.24 on Wednesday. The firm’s 50-day moving average price is $15.64 and its 200-day moving average price is $16.57. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 33.69 and a beta of 0.63. Northwest Bancshares has a 12 month low of $14.65 and a 12 month high of $19.10.

Several hedge funds and other institutional investors have recently bought and sold shares of NWBI. State of Alaska Department of Revenue boosted its position in Northwest Bancshares by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 11,240 shares of the savings and loans company’s stock valued at $189,000 after buying an additional 140 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in Northwest Bancshares by 3.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,936 shares of the savings and loans company’s stock valued at $100,000 after buying an additional 176 shares in the last quarter. Tyers Asset Management LLC boosted its position in Northwest Bancshares by 3.1% in the first quarter. Tyers Asset Management LLC now owns 8,162 shares of the savings and loans company’s stock valued at $137,000 after buying an additional 242 shares in the last quarter. Flinton Capital Management LLC boosted its position in Northwest Bancshares by 3.1% in the first quarter. Flinton Capital Management LLC now owns 10,388 shares of the savings and loans company’s stock valued at $175,000 after buying an additional 308 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in Northwest Bancshares by 1.3% in the first quarter. Wedge Capital Management L L P NC now owns 25,024 shares of the savings and loans company’s stock valued at $421,000 after buying an additional 330 shares in the last quarter. 66.96% of the stock is owned by institutional investors.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.64 annualized dividend and a dividend yield of 3.94%. Northwest Bancshares’s dividend payout ratio is currently 75.29%.

Northwest Bancshares Company Profile

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 and Estimates for Northwest Bancshares (NASDAQ:NWBI)

Receive News & Ratings for Northwest Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.