Northwest Bancshares (NASDAQ:NWBI) Releases Earnings Results, Hits Expectations

Northwest Bancshares (NASDAQ:NWBI) announced its quarterly earnings results on Tuesday. The savings and loans company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26, Briefing.com reports. Northwest Bancshares had a net margin of 13.19% and a return on equity of 8.24%. The business had revenue of $199.21 million during the quarter, compared to analysts’ expectations of $140.80 million. During the same quarter in the prior year, the company posted $0.31 EPS.

Northwest Bancshares Stock Up 0.8 %

Northwest Bancshares stock opened at $13.40 on Friday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 17.49 and a beta of 0.62. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. Northwest Bancshares has a 12 month low of $10.35 and a 12 month high of $14.55. The stock has a fifty day simple moving average of $13.35 and a two-hundred day simple moving average of $12.31.

Northwest Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a $0.20 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.80 annualized dividend and a yield of 5.97%. Northwest Bancshares’s dividend payout ratio (DPR) is presently 105.26%.

About Northwest Bancshares

Northwest Bancshares, Inc operates as the bank 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.