Wall Street analysts forecast that Northwest Bancshares, Inc. (NASDAQ:NWBI) will post $106.47 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Northwest Bancshares’ earnings, with the lowest sales estimate coming in at $105.54 million and the highest estimate coming in at $107.39 million. Northwest Bancshares reported sales of $102.08 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The business is expected to report its next earnings report on Monday, April 23rd.

According to Zacks, analysts expect that Northwest Bancshares will report full-year sales of $106.47 million for the current financial year, with estimates ranging from $436.78 million to $441.22 million. For the next financial year, analysts expect that the business will post sales of $454.92 million per share, with estimates ranging from $451.24 million to $458.60 million. Zacks’ sales averages are an average based on a survey of analysts that follow Northwest Bancshares.

Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings data on Monday, January 22nd. The savings and loans company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Northwest Bancshares had a return on equity of 7.23% and a net margin of 20.11%. The company had revenue of $107.15 million for the quarter, compared to the consensus estimate of $108.15 million.

Several equities research analysts recently weighed in on NWBI shares. Boenning Scattergood reissued a “hold” rating on shares of Northwest Bancshares in a report on Tuesday, October 24th. Zacks Investment Research downgraded Northwest Bancshares from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. Finally, BidaskClub downgraded Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.25.

Shares of Northwest Bancshares (NASDAQ:NWBI) opened at $16.97 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.18. Northwest Bancshares has a twelve month low of $14.95 and a twelve month high of $18.63. The firm has a market capitalization of $1,740.00, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.61 and a beta of 0.64.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, January 31st. This is an increase from Northwest Bancshares’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 4.01%. Northwest Bancshares’s payout ratio is presently 73.91%.

In related news, COO Ronald J. Seiffert bought 6,300 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were purchased at an average cost of $16.30 per share, with a total value of $102,690.00. Following the acquisition, the chief operating officer now owns 6,300 shares of the company’s stock, valued at $102,690. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gerald J. Ritzert sold 9,592 shares of Northwest Bancshares stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $16.57, for a total value of $158,939.44. Following the transaction, the executive vice president now directly owns 50,657 shares in the company, valued at $839,386.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 9,300 shares of company stock worth $152,330 and have sold 50,964 shares worth $859,911. 2.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in NWBI. Public Employees Retirement System of Ohio lifted its holdings in Northwest Bancshares by 2.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,284 shares of the savings and loans company’s stock worth $114,000 after buying an additional 180 shares during the period. Shelton Capital Management acquired a new position in Northwest Bancshares during the 2nd quarter worth about $158,000. Raymond James & Associates acquired a new position in Northwest Bancshares during the 4th quarter worth about $184,000. Algert Global LLC acquired a new position in Northwest Bancshares during the 3rd quarter worth about $205,000. Finally, Mascoma Wealth Management LLC acquired a new position in Northwest Bancshares during the 3rd quarter worth about $217,000. 65.19% of the stock is currently owned by hedge funds and other institutional investors.

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About Northwest Bancshares

Northwest Bancshares, Inc (Northwest) is a savings and loan holding company. The Company’s principal business consists of attracting deposits and making loans secured by various types of collateral, including real estate and other assets in the markets in which it operates. Its segments include Community Banking and Consumer Finance.

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Earnings History and Estimates for Northwest Bancshares (NASDAQ:NWBI)

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