Northwest Bancshares (NASDAQ:NWBI) Announces Quarterly Earnings Results

Northwest Bancshares (NASDAQ:NWBI) released its quarterly earnings results on Tuesday. The savings and loans company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26, Briefing.com reports. Northwest Bancshares had a return on equity of 8.72% and a net margin of 14.28%. The company had revenue of $199.21 million for the quarter, compared to analysts’ expectations of $140.80 million. During the same period in the previous year, the business posted $0.31 earnings per share.

Northwest Bancshares Price Performance

Northwest Bancshares stock opened at $13.46 on Thursday. The firm has a market cap of $1.71 billion, a P/E ratio of 16.62 and a beta of 0.62. The stock’s 50 day moving average is $13.35 and its 200 day moving average is $12.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.95 and a quick ratio of 0.95. Northwest Bancshares has a one year low of $10.09 and a one year high of $14.55.

Northwest Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.94%. Northwest Bancshares’s dividend payout ratio (DPR) is 98.77%.

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.