Northwest Bancshares, Inc. - Common Stock (NWBI)

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Dynex Capital (NYSE:DX) and the rest of the thrifts & mortgage finance stocks fared in Q1.

Banks play a critical role in the financial system, providing everything from commercial loans to wealth management and payment processing services. But concerns about loan losses and tightening regulations have tempered enthusiasm, and over the past six months, the banking industry has pulled back by 10.6%. This performance was particularly disheartening since the S&P 500 held its ground.

Blue-chip stocks are established, financially strong, and consistently profitable publicly traded companies.

Northwest Bancshares has paid a dividend since 2010, and it raised the payout every year from 2011 through 2021.

NWBI stock results show that Northwest Bancshares beat analyst estimates for earnings per share and beat on revenue for the second quarter of 2024.

NWBI stock results show that Northwest Bancshares met analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.

By the end of today, February 27, 2024, FB Financial (NYSE:FBK) is set to deliver a dividend payout of $0.17 per share, equating to an annualized dividend yield of 1.73%.

By the close of today, February 05, 2024, Lakeland Financial (NASDAQ:LKFN) will issue a dividend payout of $0.48 per share, resulting in an annualized dividend yield of 3.02%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 24, 2024.

By the close of today, January 25, 2024, First Bancorp (NASDAQ:FBNC) will issue a dividend payout of $0.22 per share, resulting in an annualized dividend yield of 2.35%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on December 28, 2023.

Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades.

Northwest Bancshares Inc. is a stockholding company for Northwest Bank. Over the past year, NWBI’s share price fell about 26% from $14.97 to $11.10 as of Wednesday’s market close.

By the close of today, November 14, 2023, Northwest Bancshares (NASDAQ:NWBI) will issue a dividend payout of $0.20 per share, resulting in an annualized dividend yield of 8.15%. Only those investors who owned the stock prior to the ex-dividend date on November 01, 2023 will receive this payout.

Investors eagerly anticipate the dividend payout from Lakeland Financial (NASDAQ:LKFN) on November 06, 2023. With a payout of $0.46 per share and an annualized dividend yield of 3.85%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on October 24, 2023