Northwest Bancshares, Inc. (NASDAQ:NWBI) Expected to Post Q2 2022 Earnings of $0.21 Per Share

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

Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded Northwest Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. StockNews.com began coverage on Northwest Bancshares in a research report on Thursday, March 31st. They set a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.01.

Shares of NWBI opened at $12.85 on Wednesday. The company has a market cap 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. The stock has a 50-day moving average price of $13.64 and a 200-day moving average price of $13.94. Northwest Bancshares has a 12-month low of $12.37 and a 12-month high of $15.15.

Northwest Bancshares (NASDAQ:NWBI – Get Rating) last issued its earnings results on Monday, April 25th. The savings and loans company reported $0.22 EPS for the quarter, topping the 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%.

A number of large investors have recently added to or reduced their stakes in NWBI. Norges Bank bought a new stake in Northwest Bancshares in the 4th quarter worth approximately $16,574,000. Invesco Ltd. lifted its position in Northwest Bancshares by 30.5% in the 3rd quarter. Invesco Ltd. now owns 3,945,871 shares of the savings and loans company’s stock worth $52,401,000 after buying an additional 921,659 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Northwest Bancshares by 167.5% in 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 buying an additional 820,919 shares during the last quarter. State Street Corp increased its stake in Northwest Bancshares by 6.0% in 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 period. Finally, Victory Capital Management Inc. increased its stake in Northwest Bancshares by 69.3% in 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 period. Institutional investors own 60.52% of the company’s stock.

In related 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 value of $84,247.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Thursday, May 5th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, May 4th. This represents a $0.80 dividend on an annualized basis and a yield of 6.23%. Northwest Bancshares’s payout ratio is 66.12%.

About Northwest Bancshares (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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