From MarketBeat:

Northwest Bancshares, Inc. (NASDAQ:NWBI) declares a quarterly dividend, with shareholders needing to act before February 2. The company has increased its dividend by 1.7% annually for the last three years, with a 0.80 annual dividend and 6.30% yield. 80.0% of savings and loans company earnings cover dividend payouts.

Northwest Bancshares stock has soared by 4.8%, trading at $12.70, with varying moving averages, as well as 52-week lows and highs. The company expects to post 1.09 EPS for the current fiscal year.

Analysts forecast a potential $0.94 per share earnings for Northwest Bancshares. Meanwhile, insider activity includes Director Timothy B. Fannin selling 6,110 shares, and EVP Devin T. Cygnar acquiring 13,692 shares.

Institutional investors and hedge funds currently own 65.21% of Northwest Bancshares. Analysts have also weighed in, with StockNews.com beginning coverage and setting a “sell” rating on the stock.

Northwest Bancshares operates as the bank holding company for Northwest Bank, offering various personal and business banking solutions. For further details, visit the official news source for more information.



Read more: Northwest Bancshares, Inc. (NASDAQ:NWBI) to Issue Quarterly Dividend of $0.20