Northwest Bancshares, Inc. Forecasted to Post FY2025 Earnings of $1.00 Per Share (NASDAQ:NWBI)

Northwest Bancshares, Inc. (NASDAQ:NWBI) – Stock analysts at DA Davidson issued their FY2025 earnings per share (EPS) estimates for Northwest Bancshares in a research note issued on Tuesday, April 23rd. DA Davidson analyst M. Navas anticipates that the savings and loans company will post earnings per share of $1.00 for the year. The consensus estimate for Northwest Bancshares’ current full-year earnings is $0.95 per share.

Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings results on Monday, April 22nd. The savings and loans company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. Northwest Bancshares had a return on equity of 8.81% and a net margin of 17.84%. The firm had revenue of $188.20 million for the quarter, compared to analyst estimates of $132.80 million.

A number of other equities research analysts have also weighed in on the company. Piper Sandler lowered their price objective on Northwest Bancshares from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $12.00 price objective (down previously from $13.00) on shares of Northwest Bancshares in a report on Tuesday.

Northwest Bancshares Stock Performance

NASDAQ NWBI opened at $10.94 on Wednesday. Northwest Bancshares has a 52-week low of $9.80 and a 52-week high of $13.07. The business’s 50-day moving average price is $11.29 and its 200 day moving average price is $11.50. The firm has a market cap of $1.39 billion, a P/E ratio of 10.62 and a beta of 0.60. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On Northwest Bancshares

Several institutional investors have recently modified their holdings of NWBI. SG Americas Securities LLC purchased a new stake in shares of Northwest Bancshares during the 3rd quarter worth approximately $574,000. Everence Capital Management Inc. boosted its stake in shares of Northwest Bancshares by 30.2% during the 3rd quarter. Everence Capital Management Inc. now owns 21,190 shares of the savings and loans company’s stock worth $217,000 after acquiring an additional 4,920 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Northwest Bancshares by 40.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 17,021 shares of the savings and loans company’s stock worth $174,000 after acquiring an additional 4,945 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Northwest Bancshares by 11.4% during the 3rd quarter. Raymond James & Associates now owns 34,584 shares of the savings and loans company’s stock worth $354,000 after acquiring an additional 3,540 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Northwest Bancshares during the 3rd quarter worth approximately $199,000. Hedge funds and other institutional investors own 66.32% of the company’s stock.

Northwest Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, May 2nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date is Wednesday, May 1st. Northwest Bancshares’s dividend payout ratio is presently 77.67%.

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.