Northwest Bancshares, Inc. (NWBI) Set to Announce Earnings on Monday
Northwest Bancshares, Inc. (NASDAQ:NWBI) is set to release its earnings data on Monday, October 23rd. Analysts expect Northwest Bancshares to post earnings of $0.22 per share for the quarter.
Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings data on Monday, July 24th. The savings and loans company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Northwest Bancshares had a net margin of 18.91% and a return on equity of 7.45%. The firm had revenue of $124.21 million for the quarter, compared to the consensus estimate of $116.82 million. On average, analysts expect Northwest Bancshares to post $0.84 EPS for the current fiscal year and $0.95 EPS for the next fiscal year.
Northwest Bancshares, Inc. (NASDAQ:NWBI) opened at 17.66 on Friday. Northwest Bancshares, Inc. has a 1-year low of $14.95 and a 1-year high of $19.10. The company has a market capitalization of $1.81 billion, a P/E ratio of 20.58 and a beta of 0.65. The firm’s 50-day moving average is $16.79 and its 200-day moving average is $16.08.
Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 price objective on shares of Northwest Bancshares in a research note on Sunday, October 8th. Zacks Investment Research downgraded shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, BidaskClub downgraded shares of Northwest Bancshares from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Northwest Bancshares presently has a consensus rating of “Hold” and a consensus price target of $16.50.
In other Northwest Bancshares news, Director Philip M. Tredway sold 13,560 shares of Northwest Bancshares stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $16.13, for a total transaction of $218,722.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Andrew Young sold 5,625 shares of Northwest Bancshares stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $16.18, for a total transaction of $91,012.50. Following the sale, the executive vice president now owns 60,254 shares in the company, valued at approximately $974,909.72. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
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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.
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