Northwest Bancshares (NWBI) to Release Quarterly Earnings on Tuesday

Northwest Bancshares (NASDAQ:NWBI - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Northwest Bancshares to post earnings of $0.26 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Northwest Bancshares (NASDAQ:NWBI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. The company had revenue of $97.99 million during the quarter, compared to the consensus estimate of $133.77 million. Northwest Bancshares had a return on equity of 8.72% and a net margin of 14.28%. On average, analysts expect Northwest Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Northwest Bancshares Stock Performance

Shares of NWBI traded up $0.02 on Tuesday, reaching $13.22. 679,654 shares of the company's stock traded hands, compared to its average volume of 719,730. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1.68 billion, a PE ratio of 12.83 and a beta of 0.62. The stock's 50 day simple moving average is $13.33 and its two-hundred day simple moving average is $12.21. Northwest Bancshares has a 52-week low of $9.81 and a 52-week high of $14.55.

Insider Activity at Northwest Bancshares

In other news, CFO Douglas M. Schosser bought 7,000 shares of the firm's stock in a transaction on Thursday, July 25th. The stock was acquired at an average cost of $14.19 per share, with a total value of $99,330.00. Following the completion of the transaction, the chief financial officer now directly owns 46,347 shares of the company's stock, valued at $657,663.93. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Douglas M. Schosser bought 7,000 shares of the firm's stock in a transaction on Thursday, July 25th. The stock was acquired at an average cost of $14.19 per share, with a total value of $99,330.00. Following the completion of the transaction, the chief financial officer now directly owns 46,347 shares of the company's stock, valued at $657,663.93. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO William W. Harvey sold 13,614 shares of the firm's stock in a transaction on Friday, July 26th. The stock was sold at an average price of $14.18, for a total value of $193,046.52. Following the completion of the sale, the chief operating officer now directly owns 208,302 shares of the company's stock, valued at $2,953,722.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

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.