Northwest Bancshares (NWBI) to Release Quarterly Earnings on Tuesday

Northwest Bancshares (NASDAQ:NWBI) is scheduled to be releasing its earnings data before the market opens on Tuesday, October 29th. Analysts expect Northwest Bancshares to post earnings of $0.26 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Northwest Bancshares (NASDAQ:NWBI) last posted its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $97.99 million during the quarter, compared to analyst estimates 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 Trading Down 2.9 %

NWBI opened at $13.20 on Tuesday. 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 firm has a market cap of $1.68 billion, a price-to-earnings ratio of 12.82 and a beta of 0.62. Northwest Bancshares has a 12 month low of $9.81 and a 12 month high of $14.55. The stock has a fifty day moving average price of $13.32 and a 200-day moving average price of $12.20.

Insiders Place Their Bets

In other news, Director John P. Meegan sold 7,200 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $14.16, for a total value of $101,952.00. Following the sale, the director now directly owns 76,324 shares in the company, valued at approximately $1,080,747.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Northwest Bancshares news, CFO Douglas M. Schosser bought 7,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average cost of $14.19 per share, for a total transaction of $99,330.00. Following the purchase, the chief financial officer now directly owns 46,347 shares in the company, valued at $657,663.93. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John P. Meegan sold 7,200 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $14.16, for a total value of $101,952.00. Following the completion of the sale, the director now owns 76,324 shares of the company’s stock, valued at approximately $1,080,747.84. This trade 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 corporate 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.