$0.22 EPS Expected for Northwest Bancshares, Inc. (NWBI)

December 23, 2017 – By Clifton Ray

Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.20, from 1.06 in 2017Q2. It dropped, as 12 investors sold Northwest Bancshares, Inc. shares while 59 reduced holdings. 18 funds opened positions while 43 raised stakes. 65.40 million shares or 1.94% less from 66.69 million shares in 2017Q2 were reported.
Texas Permanent School Fund holds 74,826 shares. Commercial Bank Of Ny Mellon Corporation accumulated 0.01% or 1.39M shares. California Employees Retirement System stated it has 0.01% in Northwest Bancshares, Inc. (NASDAQ:NWBI). Millennium Mngmt Ltd Liability Corp reported 0.01% in Northwest Bancshares, Inc. (NASDAQ:NWBI). Schwab Charles Inc has invested 0.01% in Northwest Bancshares, Inc. (NASDAQ:NWBI). Comerica Retail Bank reported 107,872 shares. Arizona State Retirement System has invested 0.01% in Northwest Bancshares, Inc. (NASDAQ:NWBI). New York State Teachers Retirement System holds 42,982 shares or 0% of its portfolio. Vanguard Gp Incorporated has invested 0.01% in Northwest Bancshares, Inc. (NASDAQ:NWBI). Goldman Sachs Group Inc accumulated 420,815 shares. Victory Management has 0% invested in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 66,585 shares. Aqr Capital Mgmt Llc holds 0% or 29,004 shares. Piedmont Investment Advsr Limited Com holds 22,327 shares or 0.01% of its portfolio. Ftb Advsr holds 3,721 shares. Moreover, Alliancebernstein Ltd Partnership has 0% invested in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 138,947 shares.

Since September 14, 2017, it had 0 insider purchases, and 3 sales for $353,985 activity. $158,913 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) was sold by Ritzert Gerald J on Monday, December 11. 6,047 shares were sold by Scalise Jonathan P, worth $104,076.

Analysts expect Northwest Bancshares, Inc. (NASDAQ:NWBI) to report $0.22 EPS on January, 22.They anticipate $0.03 EPS change or 12.00 % from last quarter’s $0.25 EPS. NWBI’s profit would be $22.57 million giving it 19.23 P/E if the $0.22 EPS is correct. After having $0.24 EPS previously, Northwest Bancshares, Inc.’s analysts see -8.33 % EPS growth. The stock decreased 0.53% or $0.09 during the last trading session, reaching $16.92. About 255,219 shares traded. Northwest Bancshares, Inc. (NASDAQ:NWBI) has risen 6.88% since December 23, 2016 and is uptrending. It has underperformed by 9.82% the S&P500.

Northwest Bancshares, Inc. (NASDAQ:NWBI) Ratings Coverage

Among 7 analysts covering Northwest Bancshares (NASDAQ:NWBI), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. Northwest Bancshares had 9 analyst reports since September 22, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital with “Mkt Perform” on Wednesday, October 26. Keefe Bruyette & Woods maintained Northwest Bancshares, Inc. (NASDAQ:NWBI) rating on Friday, October 6. Keefe Bruyette & Woods has “Hold” rating and $16.0 target. The firm has “Market Perform” rating by FBR Capital given on Thursday, June 2. Keefe Bruyette & Woods maintained it with “Hold” rating and $1600 target in Monday, July 24 report. Zacks downgraded Northwest Bancshares, Inc. (NASDAQ:NWBI) on Tuesday, September 22 to “Hold” rating. The stock has “Market Perform” rating by Wood on Tuesday, September 13. The firm earned “Hold” rating on Tuesday, July 25 by Boenning & Scattergood. Sandler O’Neill downgraded the stock to “Sell” rating in Monday, December 19 report. The firm has “Outperform” rating given on Monday, May 2 by RBC Capital Markets.

Northwest Bancshares, Inc. operates as a bank holding firm for Northwest Savings Bank that offers various personal and business banking solutions in the United States. The company has market cap of $1.74 billion. The firm operates through two divisions, Community Banking and Consumer Finance. It has a 17.85 P/E ratio. It offers personal and business deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts.

More important recent Northwest Bancshares, Inc. (NASDAQ:NWBI) news were published by: Prnewswire.com which released: “Northwest Bancshares, Inc. Announces Third Quarter 2017 Earnings and Quarterly …” on October 23, 2017, also Seekingalpha.com published article titled: “A Fundamental Analysis Of Northwest Bancshares”, Bizjournals.com published: “Lower acquisition costs elevate Northwest Bank parent’s net income” on October 24, 2017. More interesting news about Northwest Bancshares, Inc. (NASDAQ:NWBI) was released by: Nasdaq.com and their article: “LPL Financial Welcomes Northwest Bank to Its Institution Services Platform” with publication date: December 19, 2017.