Northwest Bancshares (NASDAQ:NWBI) Announces Earnings Results, Misses Estimates By $0.03 EPS

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Northwest Bancshares (NASDAQ:NWBI) released its earnings results on Monday. The savings and loans company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03), Briefing.com reports. Northwest Bancshares had a return on equity of 8.48% and a net margin of 22.08%.

NASDAQ:NWBI opened at $17.13 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.00 and a quick ratio of 1.00. Northwest Bancshares has a 1-year low of $15.50 and a 1-year high of $18.81. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 2.26 and a beta of 0.68. The company has a fifty day moving average of $17.28.

In related news, Director Timothy M. Hunter purchased 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average price of $17.15 per share, for a total transaction of $68,600.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

A number of research firms recently issued reports on NWBI. Zacks Investment Research raised FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price on the stock in a report on Tuesday, June 25th. Boenning Scattergood reiterated an “outperform” rating and issued a $47.75 price target on shares of WSFS Financial in a research report on Thursday, June 20th. Finally, BidaskClub lowered Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research report on Monday, June 24th.

About Northwest Bancshares

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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Earnings History for Northwest Bancshares (NASDAQ:NWBI)

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