Northwest Bancshares (NASDAQ:NWBI) Posts Quarterly Earnings Results, Hits Estimates
From MarketBeat:
Northwest Bancshares (NASDAQ:NWBI) reported quarter earnings of $0.24 per share, meeting estimates from Yahoo Finance. With a return on equity of 9.76% and a net margin of 20.96%, the company’s stock reached $12.41 in trading with a market cap of $1.58 billion, a debt-to-equity ratio of 0.57, and insider transactions. Hedge funds own 65.21% of NWBI stock. StockNews.com issued a “sell” rating on the stock. Northwest Bancshares operates as a bank holding company, while MarketBeat highlighted alternative investment options not including NWBI.
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