Northwest Bancshares (NASDAQ:NWBI) Posts Quarterly Earnings Results, Meets Estimates

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

Northwest Bancshares Stock Performance

NASDAQ:NWBI opened at $13.40 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s fifty day moving average is $13.35 and its 200 day moving average is $12.31. The firm has a market capitalization of $1.71 billion, a PE ratio of 17.49 and a beta of 0.62. Northwest Bancshares has a fifty-two week low of $10.35 and a fifty-two week 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 paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend is Friday, November 8th. Northwest Bancshares’s payout ratio is 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.