Northwest Bancshares, Inc. (NASDAQ:NWBI) Director Philip M. Tredway sold 5,714 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $17.18, for a total value of $98,166.52. Following the transaction, the director now directly owns 21,888 shares in the company, valued at $376,035.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Northwest Bancshares, Inc. (NWBI) opened at $17.20 on Tuesday. Northwest Bancshares, Inc. has a twelve month low of $14.95 and a twelve month high of $17.78. The company has a market capitalization of $1,763.31, a price-to-earnings ratio of 20.22, a P/E/G ratio of 1.67 and a beta of 0.64. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.18.
Northwest Bancshares (NASDAQ:NWBI) last announced its earnings results on Monday, January 22nd. The savings and loans company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Northwest Bancshares had a return on equity of 7.23% and a net margin of 20.11%. The company had revenue of $107.15 million for the quarter, compared to analysts’ expectations of $108.15 million. analysts anticipate that Northwest Bancshares, Inc. will post 1.03 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its holdings in Northwest Bancshares by 4.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 669,960 shares of the savings and loans company’s stock worth $11,571,000 after purchasing an additional 28,537 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Northwest Bancshares by 49.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 56,818 shares of the savings and loans company’s stock worth $981,000 after purchasing an additional 18,894 shares during the period. Janney Montgomery Scott LLC raised its holdings in Northwest Bancshares by 27.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 67,270 shares of the savings and loans company’s stock worth $1,162,000 after purchasing an additional 14,665 shares during the period. Crossmark Global Holdings Inc. bought a new position in Northwest Bancshares in the 3rd quarter worth $301,000. Finally, Nordea Investment Management AB raised its holdings in Northwest Bancshares by 4.0% in the 3rd quarter. Nordea Investment Management AB now owns 244,166 shares of the savings and loans company’s stock worth $4,217,000 after purchasing an additional 9,293 shares during the period. 67.75% of the stock is currently owned by institutional investors.
NWBI has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $17.00 price target on shares of Northwest Bancshares in a report on Tuesday, February 27th. Zacks Investment Research cut Northwest Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Boenning Scattergood reissued a “hold” rating on shares of Northwest Bancshares in a report on Tuesday, January 23rd. Finally, BidaskClub raised Northwest Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $17.33.
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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.
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