Dynamic Technology Lab Private Ltd Purchases New Stake in Northwest Bancshares, Inc. (NWBI)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) during the first quarter, Holdings Channel reports. The fund bought 10,980 shares of the savings and loans company’s stock, valued at approximately $185,000.

Other institutional investors have also recently bought and sold shares of the company. Concert Wealth Management Inc. purchased a new position in Northwest Bancshares during the first quarter valued at about $1,583,000. Arizona State Retirement System boosted its position in Northwest Bancshares by 1.7% in the first quarter. Arizona State Retirement System now owns 53,011 shares of the savings and loans company’s stock worth $893,000 after buying an additional 900 shares in the last quarter. Stifel Financial Corp boosted its position in Northwest Bancshares by 7.4% in the first quarter. Stifel Financial Corp now owns 110,268 shares of the savings and loans company’s stock worth $1,852,000 after buying an additional 7,592 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in Northwest Bancshares by 123.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 90,797 shares of the savings and loans company’s stock worth $1,529,000 after buying an additional 50,080 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Northwest Bancshares by 1.0% in the first quarter. Prudential Financial Inc. now owns 174,288 shares of the savings and loans company’s stock worth $2,935,000 after buying an additional 1,680 shares in the last quarter. Hedge funds and other institutional investors own 67.27% of the company’s stock.

Institutional Ownership by Quarter for Northwest Bancshares (NASDAQ:NWBI)

Northwest Bancshares, Inc. (NASDAQ:NWBI) traded down 0.75% during trading on Tuesday, reaching $15.85. 15,236 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 32.88 and a beta of 0.62. Northwest Bancshares, Inc. has a 52 week low of $13.91 and a 52 week high of $19.10. The stock has a 50-day moving average price of $15.70 and a 200 day moving average price of $17.05.

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A number of equities analysts have weighed in on the stock. DA Davidson assumed coverage on shares of Northwest Bancshares in a research report on Monday, March 6th. They set a “neutral” rating and a $18.00 price objective for the company. Zacks Investment Research upgraded shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th. BidaskClub upgraded shares of Northwest Bancshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, ValuEngine cut 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 report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company has an average rating of “Hold” and an average price target of $16.60.

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.

Want to see what other hedge funds are holding NWBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northwest Bancshares, Inc. (NASDAQ:NWBI).

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