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

Northwest Bancshares, Inc. (NASDAQ:NWBI) – Research analysts at DA Davidson issued their FY2025 earnings per share estimates for Northwest Bancshares in a report issued on Tuesday, April 23rd. DA Davidson analyst M. Navas expects that the savings and loans company will earn $1.00 per share 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 quarterly earnings results on Monday, April 22nd. The savings and loans company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $188.20 million during the quarter, compared to the consensus estimate of $132.80 million. Northwest Bancshares had a return on equity of 8.77% and a net margin of 17.84%.

NWBI has been the subject of several other reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $12.00 price objective (down from $13.00) on shares of Northwest Bancshares in a report on Tuesday. Piper Sandler decreased their price objective on Northwest Bancshares from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday.

Northwest Bancshares Stock Performance

Shares of NWBI opened at $10.89 on Wednesday. The stock has a 50 day moving average price of $11.27 and a 200 day moving average price of $11.49. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 10.57 and a beta of 0.60. Northwest Bancshares has a 52-week low of $9.80 and a 52-week high of $13.07.

Northwest Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, May 2nd will be issued a $0.20 dividend. 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 currently 77.67%.

Institutional Investors Weigh In On Northwest Bancshares

Large investors have recently modified their holdings of the stock. Invesco Ltd. raised its stake in shares of Northwest Bancshares by 4.9% during the third quarter. Invesco Ltd. now owns 4,917,212 shares of the savings and loans company’s stock worth $50,303,000 after purchasing an additional 230,058 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Northwest Bancshares by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,503,007 shares of the savings and loans company’s stock worth $35,836,000 after purchasing an additional 138,879 shares during the last quarter. Raymond James & Associates raised its stake in shares of Northwest Bancshares by 11.4% during the third quarter. Raymond James & Associates now owns 34,584 shares of the savings and loans company’s stock worth $354,000 after purchasing an additional 3,540 shares during the last quarter. Denali Advisors LLC purchased a new stake in shares of Northwest Bancshares during the fourth quarter worth approximately $253,000. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of Northwest Bancshares during the third quarter worth approximately $745,000. Hedge funds and other institutional investors own 66.32% of the company’s stock.

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.