Northwest Bancshares, Inc. (NASDAQ:NWBI) declared a quarterly dividend on Tuesday, October 27th, Wall Street Journal reports. Shareholders of record on Thursday, November 5th will be given a dividend of 0.19 per share by the savings and loans company on Monday, November 16th. This represents a $0.76 annualized dividend and a yield of 7.29%. The ex-dividend date is Wednesday, November 4th.
Northwest Bancshares has increased its dividend by 20.0% over the last three years.
NWBI stock opened at $10.42 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.37. Northwest Bancshares has a 12 month low of $8.52 and a 12 month high of $17.44. The firm has a market cap of $1.33 billion, a P/E ratio of 18.28 and a beta of 0.67. The company’s 50-day moving average price is $9.91 and its two-hundred day moving average price is $10.06.
Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings results on Saturday, October 31st. The savings and loans company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. Northwest Bancshares had a net margin of 11.31% and a return on equity of 6.97%. Equities analysts predict that Northwest Bancshares will post 0.82 EPS for the current year.
NWBI has been the topic of several research reports. Piper Sandler raised shares of Northwest Bancshares from an “underweight” rating to a “neutral” rating and set a $10.00 price target on the stock in a report on Tuesday. ValuEngine lowered shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Boenning Scattergood initiated coverage on shares of Northwest Bancshares in a report on Tuesday, October 13th. They set a “neutral” rating on the stock. Stephens started coverage on shares of Northwest Bancshares in a report on Wednesday, October 14th. They set an “equal weight” rating and a $11.00 price target on the stock. Finally, BidaskClub raised shares of Northwest Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.88.
Northwest Bancshares Company Profile
Northwest Bancshares, Inc operates as a holding company for Northwest Bank that offers various personal and business banking solutions. The company accepts various deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts. Its loan products include one-to-four family residential real estate, short-term consumer, multi-family residential and commercial real estate, commercial business, and residential mortgage loans; home equity lines of credit; and consumer loans comprising automobile, sales finance, unsecured personal, and credit card loans, as well as loans secured by deposit accounts.
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