Northwest Bancshares, Inc. (NASDAQ:NWBI) – Research analysts at Piper Sandler increased their Q1 2021 earnings estimates for Northwest Bancshares in a research note issued on Tuesday, September 15th. Piper Sandler analyst F. Schiraldi now forecasts that the savings and loans company will earn $0.18 per share for the quarter, up from their previous forecast of $0.17. Piper Sandler also issued estimates for Northwest Bancshares’ Q2 2021 earnings at $0.19 EPS, Q3 2021 earnings at $0.23 EPS and Q4 2021 earnings at $0.24 EPS.
A number of other research firms have also weighed in on NWBI. ValuEngine lowered Northwest Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. BidaskClub upgraded Northwest Bancshares from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 9th. Finally, B. Riley started coverage on Northwest Bancshares in a research report on Friday, June 19th. They set a “buy” rating and a $12.50 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.25.
NASDAQ NWBI opened at $10.13 on Wednesday. The stock has a 50-day simple moving average of $10.12 and a two-hundred day simple moving average of $10.53. The firm has a market capitalization of $1.29 billion, a P/E ratio of 17.77 and a beta of 0.63. Northwest Bancshares has a fifty-two week low of $8.52 and a fifty-two week high of $17.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.01 and a current ratio of 1.01.
Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings data on Monday, July 27th. The savings and loans company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.18. The business had revenue of $133.57 million during the quarter, compared to analyst estimates of $125.99 million. Northwest Bancshares had a return on equity of 6.97% and a net margin of 11.31%.
A number of hedge funds have recently bought and sold shares of NWBI. Vanguard Group Inc. boosted its holdings in Northwest Bancshares by 14.3% in the 2nd quarter. Vanguard Group Inc. now owns 13,284,860 shares of the savings and loans company’s stock worth $135,838,000 after buying an additional 1,663,100 shares during the last quarter. PL Capital Advisors LLC acquired a new stake in Northwest Bancshares in the 2nd quarter worth about $8,490,000. State Street Corp boosted its holdings in Northwest Bancshares by 24.8% in the 1st quarter. State Street Corp now owns 4,091,283 shares of the savings and loans company’s stock worth $47,336,000 after buying an additional 813,697 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Northwest Bancshares by 43.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,831,018 shares of the savings and loans company’s stock worth $18,723,000 after buying an additional 557,111 shares during the last quarter. Finally, Ancora Advisors LLC boosted its holdings in Northwest Bancshares by 1,491.5% in the 2nd quarter. Ancora Advisors LLC now owns 558,409 shares of the savings and loans company’s stock worth $5,709,000 after buying an additional 523,323 shares during the last quarter. Institutional investors own 64.49% of the company’s stock.
Northwest Bancshares Company Profile
Northwest Bancshares, Inc is a holding company. It offers personal & business banking products including employee benefits, investment management services, insurance and trust. It engages in collecting deposits and making loans secured by various types of collateral, including real estate and other assets.
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