Northwest Bancshares, Inc. Declares Quarterly Dividend of $0.16 (NWBI)

Northwest Bancshares, Inc. (NASDAQ:NWBI) announced a quarterly dividend on Monday, July 24th, NASDAQ reports. Investors of record on Thursday, August 3rd will be paid a dividend of 0.16 per share by the savings and loans company on Thursday, August 17th. This represents a $0.64 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Tuesday, August 1st.

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Shares of Northwest Bancshares (NASDAQ:NWBI) opened at 15.79 on Tuesday. The company has a 50 day moving average price of $15.64 and a 200 day moving average price of $16.57. Northwest Bancshares has a 52 week low of $14.65 and a 52 week high of $19.10. The company has a market capitalization of $1.61 billion, a PE ratio of 32.76 and a beta of 0.62.

NWBI has been the subject of a number of recent research reports. BidaskClub lowered shares of Northwest Bancshares from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. ValuEngine lowered shares of Northwest Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Thursday, May 11th. Finally, Zacks Investment Research upgraded shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.60.

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About Northwest Bancshares

Northwest Bancshares, Inc (Northwest) is a savings and loan holding company. The Company’s principal business consists of attracting deposits and making loans secured by various types of collateral, including real estate and other assets in the markets in which it operates. Its segments include Community Banking and Consumer Finance.