Northwest Bancshares, Inc. (NASDAQ:NWBI) EVP Gerald J. Ritzert sold 1,400 shares of Northwest Bancshares stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $16.50, for a total value of $23,100.00. Following the completion of the transaction, the executive vice president now owns 45,857 shares of the company’s stock, valued at $756,640.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Northwest Bancshares, Inc. (NASDAQ NWBI) traded down $0.20 during mid-day trading on Thursday, reaching $16.58. The company’s stock had a trading volume of 247,540 shares, compared to its average volume of 559,297. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.00 and a current ratio of 1.00. Northwest Bancshares, Inc. has a 12 month low of $14.95 and a 12 month high of $18.63. The firm has a market capitalization of $1,687.16, a P/E ratio of 18.01, a P/E/G ratio of 1.60 and a beta of 0.64.
Northwest Bancshares (NASDAQ:NWBI) last issued its earnings results on Monday, January 22nd. The savings and loans company reported $0.22 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $108.15 million. analysts anticipate that Northwest Bancshares, Inc. will post 1.03 earnings per share for the current fiscal year.
A number of equities analysts have commented on NWBI shares. Boenning Scattergood restated a “hold” rating on shares of Northwest Bancshares in a research note on Tuesday, October 24th. BidaskClub upgraded Northwest Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research downgraded Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.25.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank boosted its position in shares of Northwest Bancshares by 3.5% during the fourth quarter. Swiss National Bank now owns 165,900 shares of the savings and loans company’s stock worth $2,776,000 after buying an additional 5,600 shares during the period. California Public Employees Retirement System boosted its position in shares of Northwest Bancshares by 7.8% during the fourth quarter. California Public Employees Retirement System now owns 357,427 shares of the savings and loans company’s stock worth $5,980,000 after buying an additional 25,722 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Northwest Bancshares during the fourth quarter worth approximately $560,000. Dean Investment Associates LLC boosted its position in shares of 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. Finally, American Century Companies Inc. boosted its position in shares of 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. Institutional investors and hedge funds own 64.83% of the company’s stock.
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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