Shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $16.25.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th. BidaskClub raised shares of Northwest Bancshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, ValuEngine lowered shares of Northwest Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Thursday, May 11th.

Northwest Bancshares (NWBI) traded down 0.58% during midday trading on Monday, reaching $15.36. 28,677 shares of the company’s stock traded hands. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 31.87 and a beta of 0.62. The company’s 50-day moving average price is $15.58 and its 200 day moving average price is $16.90. Northwest Bancshares has a 52 week low of $14.65 and a 52 week high of $19.10.

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Several institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its position in Northwest Bancshares by 4.1% in the first quarter. Janney Montgomery Scott LLC now owns 62,231 shares of the savings and loans company’s stock worth $1,048,000 after buying an additional 2,469 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in Northwest Bancshares by 3.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,936 shares of the savings and loans company’s stock worth $100,000 after buying an additional 176 shares in the last quarter. Acadian Asset Management LLC raised its position in Northwest Bancshares by 21.8% in the first quarter. Acadian Asset Management LLC now owns 1,151,484 shares of the savings and loans company’s stock worth $19,391,000 after buying an additional 206,202 shares in the last quarter. State of Alaska Department of Revenue raised its position in Northwest Bancshares by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 11,240 shares of the savings and loans company’s stock worth $189,000 after buying an additional 140 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Northwest Bancshares by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 41,500 shares of the savings and loans company’s stock worth $699,000 after buying an additional 800 shares in the last quarter. 66.96% of the stock is currently owned by institutional investors.

Northwest Bancshares Company Profile

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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