Brokerages expect Northwest Bancshares, Inc. (NASDAQ:NWBI) to report EPS of $0.19

Wall Street analysts expect Northwest Bancshares, Inc. (NASDAQ:NWBI – Get Rating) to post earnings per share (EPS) of $0.19 for the current quarter, according to Zacks Investment Research. Four analysts released earnings estimates for Northwest Bancshares, with the lowest EPS estimate of $0.16 and the highest estimate of $0.22. Northwest Bancshares reported earnings of $0.32 per share in the same quarter last year, suggesting a negative 40.6% year-over-year growth rate. The company is due to release its next results on Monday, April 25.

According to Zacks, analysts expect Northwest Bancshares to report annual earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.93. For the next fiscal year, analysts expect the company to post earnings of $0.94 per share, with EPS estimates ranging from $0.85 to $0.99. Zacks Investment Research earnings per share averages are an average average based on a survey of research firms that provide coverage for Northwest Bancshares.

Northwest Bancshares (NASDAQ:NWBI – Get Rating) last released its results on Monday, January 24. The savings and loan company reported earnings per share (EPS) of $0.24 for the quarter, beating the Zacks consensus estimate of $0.22 by $0.02. Northwest Bancshares had a net margin of 27.49% and a return on equity of 9.86%.

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Separately, Zacks Investment Research upgraded Northwest Bancshares’ shares from a “hold” rating to a “sell” rating in a Wednesday, Jan. 5 research note.

In other news, Chief Financial Officer William W. Harvey sold 11,520 shares of Northwest Bancshares in a trade dated Monday, Dec. 6. The stock was sold at an average price of $14.19, for a total transaction of $163,468.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link. Additionally, director Sonia M. Probst sold 6,022 shares of the company in a trade that took place on Thursday, February 10. The stock was sold at an average price of $13.99, for a total value of $84,247.78. The disclosure of this sale can be found here. Over the past ninety days, insiders have purchased 11,476 shares of the company worth $152,521. Insiders of the company hold 0.80% of the shares of the company.

Institutional investors and hedge funds have recently increased or reduced their stake in the company. Vanguard Group Inc. increased its position in Northwest Bancshares by 3.6% in the second quarter. Vanguard Group Inc. now owns 13,577,185 shares of the savings and loan company valued at $185,192,000 after acquiring an additional 471,301 shares during the period. State Street Corp increased its stake in shares of Northwest Bancshares by 6.0% during the fourth quarter. State Street Corp now owns 5,049,195 shares of the savings and loan company valued at $71,497,000 after acquiring an additional 286,600 shares during the period. Invesco Ltd. increased its stake in Northwest Bancshares by 30.5% in the third quarter. Invesco Ltd. now owns 3,945,871 shares of the savings and loan company valued at $52,401,000 after purchasing an additional 921,659 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Northwest Bancshares by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,462,964 shares of the savings and loan company valued at $34,876,000 after purchasing an additional 76,884 shares during the period. Finally, Geode Capital Management LLC increased its stake in Northwest Bancshares by 4.1% in the second quarter. Geode Capital Management LLC now owns 2,403,409 shares of the savings and loan company valued at $32,782,000 after purchasing an additional 93,850 shares during the period. Institutional investors and hedge funds hold 60.42% of the company’s shares.

NWBI stock opened at $13.98 on Thursday. Northwest Bancshares has a 12-month low of $12.37 and a 12-month high of $15.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt ratio of 0.25. The company has a market capitalization of $1.77 billion, a P/E ratio of 11.55 and a beta of 0.61. The company has a 50-day simple moving average of $14.24 and a 200-day simple moving average of $13.77.

The company also recently declared a quarterly dividend, which was paid on Monday, February 14. Investors of record on Thursday, February 3 received a dividend of $0.20. The ex-dividend date was Wednesday, February 2. This represents a dividend of $0.80 on an annualized basis and a yield of 5.72%. Northwest Bancshares’ dividend payout ratio is currently 66.12%.

About Northwest Bancshares (Get an evaluation)

Northwest Bancshares, Inc is a holding company. It offers personal and commercial banking products, including employee benefits, investment management services, insurance and trusts. It engages in collecting deposits and making loans secured by various types of collateral, including real estate and other assets.

Further reading

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Earnings history and estimates for Northwest Bancshares (NASDAQ:NWBI)

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