Equities research analysts expect Northwest Bancshares, Inc. (NASDAQ:NWBI) to post $0.21 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Northwest Bancshares’ earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.22. Northwest Bancshares reported earnings per share of $0.22 during the same quarter last year, which would suggest a negative year over year growth rate of 4.5%. The business is scheduled to announce its next earnings report on Monday, October 23rd.

According to Zacks, analysts expect that Northwest Bancshares will report full year earnings of $0.84 per share for the current year, with EPS estimates ranging from $0.83 to $0.85. For the next year, analysts anticipate that the company will report earnings of $0.93 per share, with EPS estimates ranging from $0.90 to $1.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Northwest Bancshares.

Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings data on Monday, July 24th. The savings and loans company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Northwest Bancshares had a return on equity of 7.45% and a net margin of 18.91%. The business had revenue of $124.21 million for the quarter, compared to the consensus estimate of $116.82 million.

NWBI has been the topic of a number of research analyst reports. ValuEngine cut shares of Northwest Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research report on Thursday, May 11th. Zacks Investment Research raised shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, BidaskClub cut shares of Northwest Bancshares from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.60.

In other Northwest Bancshares news, Director Philip M. Tredway sold 13,560 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $16.13, for a total value of $218,722.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Several large investors have recently modified their holdings of NWBI. Wedge Capital Management L L P NC raised its stake in shares of 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 during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Northwest Bancshares by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 140,279 shares of the savings and loans company’s stock valued at $2,359,000 after buying an additional 9,656 shares during the last quarter. Arete Wealth Advisors LLC raised its stake in shares of Northwest Bancshares by 23.6% in the first quarter. Arete Wealth Advisors LLC now owns 12,825 shares of the savings and loans company’s stock valued at $216,000 after buying an additional 2,450 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Northwest Bancshares by 2.2% in the first quarter. Wells Fargo & Company MN now owns 745,344 shares of the savings and loans company’s stock valued at $12,551,000 after buying an additional 15,771 shares during the last quarter. Finally, Wesbanco Bank Inc. bought a new stake in shares of Northwest Bancshares during the first quarter valued at about $217,000. Institutional investors own 64.85% of the company’s stock.

Shares of Northwest Bancshares (NWBI) opened at 15.75 on Wednesday. Northwest Bancshares has a 1-year low of $14.95 and a 1-year high of $19.10. The firm has a 50 day moving average price of $15.75 and a 200 day moving average price of $16.38. The firm has a market cap of $1.61 billion, a P/E ratio of 18.36 and a beta of 0.63.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.06%. Northwest Bancshares’s dividend payout ratio is presently 75.29%.

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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.

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

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