Wall Street brokerages expect Northwest Bancshares, Inc. (NASDAQ:NWBI) to announce $109.30 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Northwest Bancshares’ earnings, with the highest sales estimate coming in at $109.62 million and the lowest estimate coming in at $108.97 million. Northwest Bancshares reported sales of $107.83 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.4%. The firm is scheduled to issue its next earnings report on Monday, October 22nd.

On average, analysts expect that Northwest Bancshares will report full year sales of $431.44 million for the current financial year, with estimates ranging from $430.52 million to $432.36 million. For the next year, analysts anticipate that the company will post sales of $466.44 million per share, with estimates ranging from $462.78 million to $470.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Northwest Bancshares.

Northwest Bancshares (NASDAQ:NWBI) last posted its earnings results on Thursday, July 26th. The savings and loans company reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $108.34 million during the quarter, compared to the consensus estimate of $108.20 million. Northwest Bancshares had a net margin of 21.20% and a return on equity of 8.06%.

Several research firms have commented on NWBI. BidaskClub downgraded shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. Boenning Scattergood began coverage on shares of Northwest Bancshares in a research report on Monday, July 23rd. They issued a “hold” rating for the company. Finally, Zacks Investment Research raised shares of Northwest Bancshares from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, June 20th.

NWBI stock opened at $18.31 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.57 and a beta of 0.69. Northwest Bancshares has a 12 month low of $15.13 and a 12 month high of $18.56.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 16th. Shareholders of record on Thursday, August 2nd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Wednesday, August 1st. Northwest Bancshares’s dividend payout ratio is 80.95%.

In related news, EVP Jonathan P. Scalise sold 10,088 shares of the company’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $17.52, for a total transaction of $176,741.76. Following the completion of the sale, the executive vice president now directly owns 26,652 shares of the company’s stock, valued at approximately $466,943.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas J. Townsend sold 10,500 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $18.40, for a total transaction of $193,200.00. Following the sale, the executive vice president now directly owns 24,100 shares of the company’s stock, valued at $443,440. The disclosure for this sale can be found here. Insiders sold 328,217 shares of company stock valued at $5,913,204 over the last three months. Insiders own 2.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. bought a new stake in shares of Northwest Bancshares during the 1st quarter worth $19,886,000. Guggenheim Capital LLC boosted its holdings in shares of Northwest Bancshares by 71.5% during the 1st quarter. Guggenheim Capital LLC now owns 35,438 shares of the savings and loans company’s stock worth $587,000 after buying an additional 14,774 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Northwest Bancshares by 3.2% during the 1st quarter. Wells Fargo & Company MN now owns 254,760 shares of the savings and loans company’s stock worth $4,219,000 after buying an additional 7,782 shares during the period. Swiss National Bank boosted its holdings in shares of Northwest Bancshares by 1.9% during the 1st quarter. Swiss National Bank now owns 169,100 shares of the savings and loans company’s stock worth $2,800,000 after buying an additional 3,200 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Northwest Bancshares by 42.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,001,721 shares of the savings and loans company’s stock worth $16,589,000 after buying an additional 298,627 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Northwest Bancshares Company Profile

Northwest Bancshares, Inc operates as a bank holding company for Northwest Savings Bank that offers various personal and business banking solutions in the United States. The company offers personal and business deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts.

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

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