Northwest Bancshares (NASDAQ:NWBI) released its quarterly earnings data on Wednesday. The savings and loans company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01), MarketWatch Earnings reports. Northwest Bancshares had a return on equity of 8.54% and a net margin of 22.57%. The business had revenue of $109.64 million during the quarter, compared to analysts’ expectations of $110.59 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Northwest Bancshares’s quarterly revenue was up 5.9% on a year-over-year basis.
Shares of NWBI stock opened at $17.28 on Thursday. Northwest Bancshares has a twelve month low of $15.50 and a twelve month high of $18.81. The stock has a market capitalization of $1.74 billion, a P/E ratio of 16.94, a PEG ratio of 2.29 and a beta of 0.69. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.02 and a quick ratio of 1.02.
Several brokerages recently weighed in on NWBI. Zacks Investment Research raised shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. BidaskClub downgraded shares of Northwest Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Northwest Bancshares in a research note on Wednesday.
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Northwest Bancshares Company Profile
Northwest Bancshares, Inc is a holding company. It offers personal & business banking products including employee benefits, investment management services, insurance and trust. It engages in collecting deposits and making loans secured by various types of collateral, including real estate and other assets.
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