Northwest Bancshares (NWBI) Set to Announce Earnings on Monday

Northwest Bancshares (NASDAQ:NWBI) will post its quarterly earnings results on Monday, January 22nd. Analysts expect Northwest Bancshares to post earnings of $0.23 per share for the quarter.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings data on Monday, October 23rd. The savings and loans company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. Northwest Bancshares had a return on equity of 7.54% and a net margin of 20.59%. The company had revenue of $107.83 million during the quarter, compared to analysts’ expectations of $106.63 million. On average, analysts expect Northwest Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Northwest Bancshares (NASDAQ NWBI) opened at $16.97 on Monday. Northwest Bancshares has a 1-year low of $14.95 and a 1-year high of $18.63. The firm has a market capitalization of $1,741.46, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.66 and a beta of 0.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.99 and a quick ratio of 0.99.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Northwest Bancshares from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a report on Wednesday, January 3rd. BidaskClub upgraded Northwest Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Boenning Scattergood reiterated a “hold” rating on shares of Northwest Bancshares in a report on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 target price on shares of Northwest Bancshares in a report on Sunday, October 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Northwest Bancshares has an average rating of “Hold” and an average target price of $17.25.

In other news, Director Timothy M. Hunter bought 2,000 shares of the stock in a transaction on Thursday, December 7th. The stock was acquired at an average cost of $16.75 per share, for a total transaction of $33,500.00. Following the acquisition, the director now owns 15,100 shares of the company’s stock, valued at $252,925. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan P. Scalise sold 6,047 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $17.21, for a total value of $104,068.87. Following the completion of the sale, the executive vice president now owns 18,402 shares of the company’s stock, valued at $316,698.42. The disclosure for this sale can be found here. Insiders sold a total of 25,639 shares of company stock valued at $435,808 over the last quarter. Company insiders own 2.00% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was originally published by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at

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)

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

Leave a Reply