Northwest Bancshares, Inc. (NASDAQ:NWBI - Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.20 per share by the savings and loans company on Monday, November 18th. This represents a $0.80 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Friday, November 8th.
Northwest Bancshares has raised its dividend by an average of 1.7% annually over the last three years. Northwest Bancshares has a dividend payout ratio of 78.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Analysts expect Northwest Bancshares to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 76.9%.
Northwest Bancshares Price Performance
Shares of NASDAQ NWBI traded up $0.20 during trading on Wednesday, hitting $13.66. The company had a trading volume of 26,087 shares, compared to its average volume of 715,575. Northwest Bancshares has a fifty-two week low of $10.09 and a fifty-two week high of $14.55. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $13.35 and a two-hundred day simple moving average of $12.29. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 16.62 and a beta of 0.62.
Northwest Bancshares (NASDAQ:NWBI - Get Free Report) last announced its earnings results on Tuesday, October 29th. The savings and loans company reported $0.26 EPS for the quarter, meeting analysts' consensus estimates of $0.26. Northwest Bancshares had a return on equity of 8.72% and a net margin of 14.28%. 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 firm earned $0.31 earnings per share. On average, research analysts expect that Northwest Bancshares will post 0.97 earnings per share for the current year.
Northwest Bancshares Company Profile
(
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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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