Northwest Bancshares, Inc. (NASDAQ:NWBI) declared a quarterly dividend on Monday, July 24th, NASDAQ reports. Stockholders of record on Thursday, August 3rd will be paid a dividend of 0.16 per share by the savings and loans company on Thursday, August 17th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Tuesday, August 1st.
Shares of Northwest Bancshares (NASDAQ NWBI) traded down 0.32% on Friday, hitting $15.43. The stock had a trading volume of 346,218 shares. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 17.98 and a beta of 0.63. The stock has a 50 day moving average price of $15.74 and a 200-day moving average price of $16.35. Northwest Bancshares has a 12-month low of $14.95 and a 12-month high of $19.10.
Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings results on Monday, July 24th. The savings and loans company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The business had revenue of $124.21 million for the quarter, compared to analyst estimates of $116.82 million. Northwest Bancshares had a return on equity of 7.45% and a net margin of 18.91%. On average, equities analysts expect that Northwest Bancshares will post $0.93 earnings per share for the current year.
Several brokerages have recently commented on NWBI. BidaskClub raised Northwest Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered Northwest Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, ValuEngine lowered Northwest Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Thursday, May 11th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.60.
In related news, Director Philip M. Tredway sold 13,560 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $16.13, for a total value of $218,722.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.00% of the company’s stock.
Northwest Bancshares Company Profile
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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