Northwest Bancshares, Inc. (NASDAQ:NWBI) Director John P. Meegan purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average price of $16.14 per share, with a total value of $16,140.00. Following the acquisition, the director now directly owns 53,950 shares of the company’s stock, valued at approximately $870,753. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Northwest Bancshares, Inc. (NASDAQ NWBI) traded up $0.12 during trading on Tuesday, reaching $16.43. The company’s stock had a trading volume of 530,782 shares, compared to its average volume of 561,619. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $1,735.42, a price-to-earnings ratio of 17.86, a P/E/G ratio of 1.64 and a beta of 0.64. Northwest Bancshares, Inc. has a one year low of $14.95 and a one year high of $18.63.
Northwest Bancshares (NASDAQ:NWBI) last posted its earnings results on Monday, January 22nd. The savings and loans company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $107.15 million during the quarter, compared to analyst estimates of $108.15 million. Northwest Bancshares had a return on equity of 7.23% and a net margin of 20.11%. research analysts anticipate that Northwest Bancshares, Inc. will post 1.03 earnings per share for the current year.
A number of analysts recently issued reports on the company. Boenning Scattergood reiterated a “hold” rating on shares of Northwest Bancshares in a report on Tuesday, January 23rd. Zacks Investment Research upgraded Northwest Bancshares from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a report on Wednesday, January 3rd. Finally, BidaskClub upgraded Northwest Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Northwest Bancshares presently has an average rating of “Hold” and an average target price of $17.25.
A number of institutional investors have recently bought and sold shares of the business. Dean Investment Associates LLC lifted its holdings in Northwest Bancshares by 319.4% during the fourth quarter. Dean Investment Associates LLC now owns 267,159 shares of the savings and loans company’s stock worth $4,470,000 after buying an additional 203,459 shares during the period. American Century Companies Inc. lifted its holdings in Northwest Bancshares by 165.0% during the fourth quarter. American Century Companies Inc. now owns 218,642 shares of the savings and loans company’s stock worth $3,658,000 after buying an additional 136,146 shares during the period. CIBC Asset Management Inc purchased a new stake in Northwest Bancshares during the fourth quarter worth $228,000. Victory Capital Management Inc. lifted its holdings in Northwest Bancshares by 6.5% during the fourth quarter. Victory Capital Management Inc. now owns 70,886 shares of the savings and loans company’s stock worth $1,186,000 after buying an additional 4,301 shares during the period. Finally, Engineers Gate Manager LP lifted its holdings in Northwest Bancshares by 15.1% during the fourth quarter. Engineers Gate Manager LP now owns 53,220 shares of the savings and loans company’s stock worth $890,000 after buying an additional 6,992 shares during the period. Institutional investors own 64.83% 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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