Northwest Bancshares, Inc. Announces Quarterly Dividend of $0.20 (NASDAQ:NWBI)

Northwest Bancshares, Inc. (NASDAQ:NWBI) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Stockholders of record on Friday, November 8th will be given a dividend of 0.20 per share by the savings and loans company on Monday, November 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date is Friday, November 8th.

Northwest Bancshares has increased its dividend by an average of 1.7% annually over the last three years. Northwest Bancshares has a dividend payout ratio of 78.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Northwest Bancshares to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 76.2%.

Northwest Bancshares Stock Performance

NASDAQ:NWBI opened at $15.28 on Thursday. The firm has a market cap of $1.94 billion, a PE ratio of 20.11 and a beta of 0.62. Northwest Bancshares has a fifty-two week low of $10.45 and a fifty-two week high of $15.35. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50 day moving average price of $13.36 and a 200-day moving average price of $12.40.

Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Northwest Bancshares had a return on equity of 8.24% and a net margin of 13.19%. The company had revenue of $199.21 million during the quarter, compared to analyst estimates of $140.80 million. During the same quarter last year, the firm posted $0.31 earnings per share. Equities research analysts predict that Northwest Bancshares will post 1.02 earnings per share for the current year.

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.