Northwest Bancshares (NASDAQ:NWBI - Get Free Report) posted its quarterly earnings results on Monday. The savings and loans company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23, Yahoo Finance reports. Northwest Bancshares had a net margin of 19.23% and a return on equity of 9.21%.
Northwest Bancshares Stock Performance
Shares of NWBI traded down $0.07 during trading hours on Monday, reaching $11.06. 766,153 shares of the company traded hands, compared to its average volume of 810,520. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 0.96. The stock's fifty day moving average is $11.32 and its 200 day moving average is $11.50. Northwest Bancshares has a 1-year low of $9.80 and a 1-year high of $13.07. The stock has a market cap of $1.41 billion, a P/E ratio of 10.43 and a beta of 0.60.
Insider Buying and Selling
In other news, EVP Scott J. Watson acquired 5,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were acquired at an average cost of $12.90 per share, for a total transaction of $64,500.00. Following the completion of the transaction, the executive vice president now owns 35,282 shares in the company, valued at approximately $455,137.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods upped their price target on shares of Northwest Bancshares from $12.00 to $13.00 and gave the company a "market perform" rating in a report on Tuesday, January 23rd.
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Northwest Bancshares Company Profile
(
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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.
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