DA Davidson Comments on Northwest Bancshares, Inc.’s FY2025 Earnings (NASDAQ:NWBI)

Northwest Bancshares, Inc. (NASDAQ:NWBI) – Investment analysts at DA Davidson issued their FY2025 EPS estimates for Northwest Bancshares in a research note issued on Tuesday, April 23rd. DA Davidson analyst M. Navas forecasts 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 announced its earnings results on Monday, April 22nd. The savings and loans company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. Northwest Bancshares had a net margin of 17.84% and a return on equity of 8.77%. The business had revenue of $188.20 million during the quarter, compared to the consensus estimate of $132.80 million.

Other equities research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $12.00 price target (down from $13.00) on shares of Northwest Bancshares in a research note on Tuesday. Piper Sandler decreased their price target on shares of Northwest Bancshares from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday.

Northwest Bancshares Trading Down 0.5 %

NWBI opened at $10.89 on Wednesday. Northwest Bancshares has a 1-year low of $9.80 and a 1-year high of $13.07. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.38 billion, a P/E ratio of 10.57 and a beta of 0.60. The company has a fifty day moving average price of $11.27 and a two-hundred day moving average price of $11.49.

Northwest Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 7.35%. The ex-dividend date of this dividend is Wednesday, May 1st. Northwest Bancshares’s payout ratio is presently 77.67%.

Institutional Investors Weigh In On Northwest Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the business. IVC Wealth Advisors LLC bought a new stake in shares of Northwest Bancshares during the first quarter worth about $124,000. Diversified Trust Co bought a new stake in shares of Northwest Bancshares during the first quarter worth about $175,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Northwest Bancshares by 22.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 27,683 shares of the savings and loans company’s stock worth $323,000 after purchasing an additional 5,012 shares during the last quarter. Courier Capital LLC boosted its holdings in Northwest Bancshares by 10.2% during the first quarter. Courier Capital LLC now owns 13,576 shares of the savings and loans company’s stock worth $158,000 after purchasing an additional 1,253 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Northwest Bancshares by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 14,959,190 shares of the savings and loans company’s stock worth $186,691,000 after purchasing an additional 54,526 shares during the last quarter. 66.32% of the stock is owned by institutional investors.

Northwest Bancshares Company Profile

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.