Northwest Bancshares (NASDAQ:NWBI - Get Free Report) issued its quarterly earnings results on Tuesday. The savings and loans company reported $0.26 earnings per share for the quarter, meeting analysts' consensus estimates of $0.26, Briefing.com reports. The firm had revenue of $199.21 million during the quarter, compared to the consensus estimate of $140.80 million. Northwest Bancshares had a net margin of 14.28% and a return on equity of 8.72%. During the same period in the prior year, the firm earned $0.31 EPS.
Northwest Bancshares Price Performance
Shares of NASDAQ NWBI traded up $0.11 during trading on Wednesday, reaching $13.57. The company had a trading volume of 146,226 shares, compared to its average volume of 716,147. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $1.73 billion, a PE ratio of 16.68 and a beta of 0.62. The business's 50 day moving average price is $13.35 and its 200-day moving average price is $12.29. Northwest Bancshares has a 52 week low of $10.09 and a 52 week high of $14.55.
Northwest Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.90%. The ex-dividend date is Friday, November 8th. Northwest Bancshares's payout ratio is currently 98.77%.
About Northwest Bancshares
(
Get Free Report)
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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