Shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities 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 target among analysts that have covered the stock in the last year is $16.67.

A number of equities analysts have recently weighed in on NWBI shares. Boenning Scattergood reiterated a “hold” rating on shares of Northwest Bancshares in a report on Tuesday, October 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 target price on shares of Northwest Bancshares in a report on Sunday, October 8th. BidaskClub downgraded Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Zacks Investment Research downgraded Northwest Bancshares from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th.

Shares of Northwest Bancshares (NWBI) opened at $16.55 on Thursday. The stock has a market capitalization of $1,705.55, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.97 and a beta of 0.63. Northwest Bancshares has a twelve month low of $14.95 and a twelve month high of $18.80. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.99 and a current ratio of 0.99.

Northwest Bancshares (NASDAQ:NWBI) last issued its earnings results on Monday, October 23rd. The savings and loans company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $107.83 million for the quarter, compared to the consensus estimate of $106.63 million. Northwest Bancshares had a return on equity of 7.54% and a net margin of 20.59%. equities analysts expect that Northwest Bancshares will post 0.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were issued a $0.16 dividend. The ex-dividend date was Wednesday, November 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.87%. Northwest Bancshares’s dividend payout ratio is 68.09%.

In related news, CFO William W. Harvey sold 10,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $17.28, for a total value of $172,800.00. Following the transaction, the chief financial officer now owns 158,649 shares in the company, valued at $2,741,454.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan P. Scalise sold 6,047 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $17.21, for a total value of $104,068.87. Following the completion of the transaction, the executive vice president now owns 18,402 shares in the company, valued at approximately $316,698.42. The disclosure for this sale can be found here. Insiders sold 25,639 shares of company stock worth $435,808 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in NWBI. Aperio Group LLC increased its holdings in Northwest Bancshares by 53.9% in the second quarter. Aperio Group LLC now owns 37,581 shares of the savings and loans company’s stock worth $587,000 after buying an additional 13,166 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Northwest Bancshares by 3.6% in the second quarter. Great West Life Assurance Co. Can now owns 145,279 shares of the savings and loans company’s stock worth $2,264,000 after buying an additional 5,000 shares during the last quarter. Texas Permanent School Fund increased its holdings in Northwest Bancshares by 1.0% in the second quarter. Texas Permanent School Fund now owns 74,462 shares of the savings and loans company’s stock worth $1,162,000 after buying an additional 741 shares during the last quarter. Sei Investments Co. increased its holdings in Northwest Bancshares by 13.2% in the second quarter. Sei Investments Co. now owns 19,693 shares of the savings and loans company’s stock worth $308,000 after buying an additional 2,296 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Northwest Bancshares by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 641,423 shares of the savings and loans company’s stock worth $10,013,000 after buying an additional 27,714 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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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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