Streetbeat News

NWBI

Northwest Bancshares, Inc.

https://www.northwest.bank

Industry

Banks - Regional

Northwest Bancshares, Inc. operates as the 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. It also offers loan products comprising one-to-four-family residential real estate loans and loans collateralized by multi-family residential and commercial real estate; commercial business loans; and consumer loans, including automobile loans, sales finance loans, unsecured personal loans, credit card loans, and loans secured by deposit accounts. The company also offers investment management and trust services. As of December 31, 2021, it operated 170 community-banking locations in Pennsylvania, Western New York, Eastern Ohio, and Indiana. Northwest Bancshares, Inc. was founded in 1896 and is headquartered in Columbus, Ohio.

Open

14.72

Mkt cap

1.9B

Volume

572K

High

14.80

P/E Ratio

19.37

52-wk high

15.36

Low

14.53

Div yield

0.07

52-wk low

10.45

Westamerica Bancorp (NASDAQ:WABC) announces a dividend payout of $0.44 per share with an annualized yield of 3.54%, payable on February 16, 2024, to shareholders of record as of February 2, 2024. The company has shown a positive trend in dividend per share from $1.64 in 2020 to $1.72 in 2023, alongside an increase in earnings per share from $2.97 in 2020 to $6.04 in 2023, indicating a healthy financial status. Northwest Bancshares (NASDAQ:NWBI) leads in dividend yield among peers with 6.64%.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:05 pm

Pathward Financial (NASDAQ:CASH) announces a dividend payout of $0.05 per share with an annualized yield of 0.40%, for shareholders on record before December 11, 2023. Despite a stable dividend per share from 2020 to 2023, Pathward's yield lags behind industry peers like Northwest Bancshares (NASDAQ:NWBI), which boasts a 6.82% yield. However, Pathward's consistent dividend policy and growing earnings per share from $2.41 to $6.11 from 2020 to 2023 suggest a strong financial standing and potential for future dividend increases.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 3:05 pm

Lakeland Financial (NASDAQ:LKFN) announced a dividend payout of $0.48 per share with an annualized yield of 3.02%, payable on February 5, 2024, to shareholders of record as of January 24, 2024. The company has shown a positive trend in dividend growth from $1.20 in 2020 to $1.84 in 2023, alongside an increase in earnings per share from $3.19 to $3.50 over the same period. This indicates a healthy financial status and a commitment to increasing shareholder dividends. Northwest Bancshares (NASDAQ:NWBI) is mentioned as having the highest annualized dividend yield among peers at 6.65%.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:05 pm

First Bancorp (NASDAQ:FBNC) is set to distribute a dividend of $0.22 per share with an annualized yield of 2.35% to shareholders on record as of December 31, 2023. The company has shown a positive trend in dividend growth from $0.72 to $0.88 per share from 2020 to 2023 and an increase in earnings per share from $2.70 to $2.89 over the same period. This consistent growth indicates a strong financial health and commitment to rewarding shareholders. Northwest Bancshares (NASDAQ:NWBI) has a higher annualized dividend yield of 6.25% compared to First Bancorp.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 3:05 pm

Insider purchases were reported for Northwest Bancshares, Compass Minerals International, and authID. Northwest Bancshares EVP Scott J Watson bought 5,000 shares at $12.90 each. Compass Minerals Director Joseph Reece acquired 5,000 shares at $21.24 each, and authID 10% owner Stephen Jeffrey Garchik purchased 3,311 shares at $8.89 each. These transactions may indicate confidence in the companies' prospects.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 12:54 pm

Keefe, Bruyette & Woods analyst Michael Perito has maintained a 'Market Perform' rating on Northwest Bancshares (NASDAQ:NWBI) and increased the price target from $12 to $13.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 3:24 pm

Northwest Bancshares (NASDAQ:NWBI) reported Q4 earnings with an EPS of $0.23, missing estimates by 4.17% and a revenue decline from the previous year. Last quarter, NWBI beat EPS estimates which led to a slight increase in share price.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 9:25 pm

Northwest Bancshares (NASDAQ:NWBI) reported Q4 earnings of $0.23 per share, missing the consensus estimate of $0.24 by 4.17%. Year-over-year, earnings decreased by 14.81% from $0.27 per share. Quarterly sales were $106.30M, slightly beating estimates by 0.13% but showing a 9.18% decrease from the previous year's $117.04M.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 2:08 pm

Pathward Financial (NASDAQ:CASH) is set to distribute a dividend of $0.05 per share on January 08, 2024, with an annualized yield of 0.40%. Despite a consistent dividend per share since 2020, Pathward's earnings have grown from $2.41 to $6.11 per share from 2020 to 2023, indicating a strong financial position. However, its dividend yield lags behind industry peers like Northwest Bancshares (NASDAQ:NWBI), which has a yield of 6.44%.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 3:05 pm

Live Oak Bancshares (NYSE:LOB) has issued a dividend payout of $0.03 per share with an annualized yield of 0.40%. The ex-dividend date was November 27, 2023. The company has maintained a steady dividend per share of $0.12 from 2019 to 2022, while earnings per share have grown from $0.56 to $4.54, indicating a strong financial position and potential for future dividend increases. Northwest Bancshares (NASDAQ:NWBI) has the highest annualized dividend yield in the industry at 6.80%.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 3:05 pm

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