Northwest Bancshares: 6.9% Dividend Yield, But Earnings Outlook Is Negative
NWBINorthwest Bancshares(NWBI) Seeking Alpha·2024-07-11 11:57
Sean Reid/iStock via Getty Images Earnings of Northwest Bancshares, Inc. (NASDAQ:NWBI) will most probably dip this year because of margin pressure. On the other hand, mid-single-digit loan growth will offer some support to the bottom line. Overall, I’m expecting earnings to dip by 13% year-over-year to $0.92 per share in 2024 before growing by 2.2% to $0.94 per share in 2025. My valuation analysis suggests that the market has overreacted to the earnings outlook, taking the stock price down to an unjusti ...