Equities Analysts Issue Forecasts for Northwest Bancshares, Inc.’s Q2 2022 Earnings (NASDAQ:NWBI)

Northwest Bancshares, Inc. (NASDAQ:NWBIGet Rating) – Equities researchers at DA Davidson issued their Q2 2022 EPS estimates for Northwest Bancshares in a research report issued on Tuesday, April 26th. DA Davidson analyst R. Gunther forecasts that the savings and loans company will earn $0.21 per share for the quarter. DA Davidson also issued estimates for Northwest Bancshares’ FY2022 earnings at $0.90 EPS.

A number of other brokerages have also weighed in on NWBI. Zacks Investment Research lowered Northwest Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. StockNews.com started coverage on Northwest Bancshares in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.01.

Shares of NWBI opened at $12.85 on Wednesday. Northwest Bancshares has a twelve month low of $12.37 and a twelve month high of $15.15. The stock’s 50 day moving average is $13.64 and its two-hundred day moving average is $13.94. The firm has a market capitalization of $1.63 billion, a PE ratio of 10.62 and a beta of 0.55. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.25.

Northwest Bancshares (NASDAQ:NWBIGet Rating) last announced its quarterly earnings data on Monday, April 25th. The savings and loans company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. Northwest Bancshares had a return on equity of 9.86% and a net margin of 27.49%.

Several institutional investors have recently modified their holdings of NWBI. Norges Bank acquired a new position in shares of Northwest Bancshares during the 4th quarter worth approximately $16,574,000. Invesco Ltd. raised its position in shares of Northwest Bancshares by 30.5% during the 3rd quarter. Invesco Ltd. now owns 3,945,871 shares of the savings and loans company’s stock worth $52,401,000 after purchasing an additional 921,659 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Northwest Bancshares by 167.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,311,166 shares of the savings and loans company’s stock worth $18,566,000 after purchasing an additional 820,919 shares during the last quarter. State Street Corp raised its position in shares of Northwest Bancshares by 6.0% during the 4th quarter. State Street Corp now owns 5,049,195 shares of the savings and loans company’s stock worth $71,497,000 after purchasing an additional 286,600 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Northwest Bancshares by 69.3% during the 3rd quarter. Victory Capital Management Inc. now owns 619,762 shares of the savings and loans company’s stock worth $8,230,000 after purchasing an additional 253,685 shares during the last quarter. Hedge funds and other institutional investors own 60.52% of the company’s stock.

In other news, Director Sonia M. Probst sold 6,022 shares of the business’s stock in a transaction that occurred on Thursday, February 10th. The stock was sold at an average price of $13.99, for a total transaction of $84,247.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is owned by insiders.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Thursday, May 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 6.23%. The ex-dividend date is Wednesday, May 4th. Northwest Bancshares’s dividend payout ratio (DPR) is 66.12%.

Northwest Bancshares Company Profile (Get Rating)

Northwest Bancshares, Inc operates as the holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including 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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