Northwest Bancshares, Inc. (NASDAQ:NWBI) Director Philip M. Tredway sold 5,714 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $17.18, for a total transaction of $98,166.52. Following the completion of the sale, the director now owns 21,888 shares in the company, valued at approximately $376,035.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Northwest Bancshares, Inc. (NWBI) traded up $0.01 during mid-day trading on Monday, reaching $17.20. 461,854 shares of the company’s stock traded hands, compared to its average volume of 533,529. The stock has a market cap of $1,760.00, a PE ratio of 19.33, a P/E/G ratio of 1.67 and a beta of 0.64. Northwest Bancshares, Inc. has a 1-year low of $14.95 and a 1-year high of $17.78. 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 (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. Northwest Bancshares had a net margin of 20.11% and a return on equity of 7.23%. The firm had revenue of $107.15 million for the quarter, compared to the consensus estimate of $108.15 million. research analysts forecast that Northwest Bancshares, Inc. will post 1.03 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of NWBI. CNB Bank bought a new stake in shares of Northwest Bancshares in the 4th quarter worth about $105,000. Public Employees Retirement System of Ohio increased its holdings in shares of Northwest Bancshares by 2.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,284 shares of the savings and loans company’s stock worth $114,000 after buying an additional 180 shares during the last quarter. Raymond James & Associates bought a new stake in shares of Northwest Bancshares in the 4th quarter worth about $184,000. Algert Global LLC bought a new stake in shares of Northwest Bancshares in the 3rd quarter worth about $205,000. Finally, Mascoma Wealth Management LLC bought a new stake in shares of Northwest Bancshares in the 3rd quarter worth about $217,000. Hedge funds and other institutional investors own 67.75% of the company’s stock.
NWBI has been the topic of several research analyst reports. BidaskClub cut shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Zacks Investment Research upgraded shares of Northwest Bancshares from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Wednesday, January 3rd. Boenning Scattergood reiterated a “hold” rating on shares of Northwest Bancshares in a research note on Tuesday, January 23rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.00 price target on shares of Northwest Bancshares in a research note on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $17.33.
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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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