Northwest Bancshares (NASDAQ:NWBI – Get Free Report) issued its quarterly earnings results on Monday. The savings and loans company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23, Yahoo Finance reports. Northwest Bancshares had a return on equity of 8.81% and a net margin of 17.84%. The business had revenue of $188.20 million for the quarter, compared to analyst estimates of $132.80 million.
Northwest Bancshares Price Performance
Shares of NASDAQ NWBI opened at $11.00 on Wednesday. The business’s 50 day moving average price is $11.30 and its 200 day moving average price is $11.50. The firm has a market cap of $1.40 billion, a P/E ratio of 10.68 and a beta of 0.60. Northwest Bancshares has a 52 week low of $9.80 and a 52 week high of $13.07. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.41.
Northwest Bancshares Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, May 2nd will be given a $0.20 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $0.80 dividend on an annualized basis and a yield of 7.27%. Northwest Bancshares’s dividend payout ratio is currently 77.67%.
Wall Street Analyst Weigh In
View Our Latest Analysis on NWBI
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.
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