Equities analysts forecast that Northwest Bancshares, Inc. (NASDAQ:NWBI) will announce sales of $109.58 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Northwest Bancshares’ earnings, with the highest sales estimate coming in at $111.35 million and the lowest estimate coming in at $107.81 million. Northwest Bancshares reported sales of $107.15 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.3%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 28th.
According to Zacks, analysts expect that Northwest Bancshares will report full-year sales of $431.11 million for the current fiscal year, with estimates ranging from $429.34 million to $432.88 million. For the next financial year, analysts expect that the company will post sales of $464.18 million, with estimates ranging from $458.71 million to $469.66 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Northwest Bancshares.
Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings results on Monday, October 22nd. The savings and loans company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Northwest Bancshares had a net margin of 21.95% and a return on equity of 8.27%. The business had revenue of $108.37 million for the quarter, compared to the consensus estimate of $109.30 million.
Shares of NWBI stock traded down $0.03 on Friday, hitting $17.90. The company’s stock had a trading volume of 444,899 shares, compared to its average volume of 433,811. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. Northwest Bancshares has a fifty-two week low of $15.50 and a fifty-two week high of $18.56. The company has a market capitalization of $1.85 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 2.47 and a beta of 0.70.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, October 31st. This represents a $0.68 annualized dividend and a yield of 3.80%. Northwest Bancshares’s dividend payout ratio is 80.95%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Northwest Bancshares by 4.4% during the third quarter. BlackRock Inc. now owns 14,738,673 shares of the savings and loans company’s stock worth $255,274,000 after purchasing an additional 617,235 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Northwest Bancshares by 1.7% in the third quarter. Vanguard Group Inc. now owns 9,931,921 shares of the savings and loans company’s stock worth $172,021,000 after acquiring an additional 163,989 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Northwest Bancshares by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 8,682,239 shares of the savings and loans company’s stock worth $150,376,000 after acquiring an additional 56,843 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Northwest Bancshares by 6.4% in the second quarter. Northern Trust Corp now owns 2,593,674 shares of the savings and loans company’s stock worth $45,104,000 after acquiring an additional 156,794 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Northwest Bancshares by 9.6% in the third quarter. First Trust Advisors LP now owns 1,719,893 shares of the savings and loans company’s stock worth $29,789,000 after acquiring an additional 150,762 shares during the last quarter. 73.17% of the stock is owned by institutional investors and hedge funds.
About Northwest Bancshares
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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