Valeo Financial Advisors LLC Has $154,000 Position in Northwest Bancshares, Inc. (NASDAQ:NWBI)

Valeo Financial Advisors LLC reduced its stake in Northwest Bancshares, Inc. (NASDAQ:NWBI) by 61.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,377 shares of the savings and loans company’s stock after selling 20,000 shares during the period. Valeo Financial Advisors LLC’s holdings in Northwest Bancshares were worth $154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Northwest Bancshares by 2.4% in the first quarter. BlackRock Inc. now owns 18,659,483 shares of the savings and loans company’s stock valued at $224,474,000 after purchasing an additional 428,733 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Northwest Bancshares by 2.6% in the third quarter. Vanguard Group Inc. now owns 14,374,118 shares of the savings and loans company’s stock valued at $194,195,000 after purchasing an additional 368,801 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Northwest Bancshares by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 8,116,084 shares of the savings and loans company’s stock valued at $109,649,000 after purchasing an additional 328,495 shares during the last quarter. State Street Corp increased its holdings in shares of Northwest Bancshares by 59.4% in the first quarter. State Street Corp now owns 8,048,444 shares of the savings and loans company’s stock valued at $108,734,000 after purchasing an additional 2,999,249 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Northwest Bancshares by 4.9% in the third quarter. Invesco Ltd. now owns 4,917,212 shares of the savings and loans company’s stock valued at $50,303,000 after purchasing an additional 230,058 shares during the last quarter. 66.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Scott J. Watson acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was acquired at an average price of $12.90 per share, with a total value of $64,500.00. Following the completion of the transaction, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at approximately $455,137.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Northwest Bancshares Trading Down 1.2 %

NWBI stock opened at $10.69 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 0.96. The company’s 50-day simple moving average is $11.39 and its 200 day simple moving average is $11.48. Northwest Bancshares, Inc. has a 52 week low of $9.80 and a 52 week high of $13.07. The company has a market capitalization of $1.36 billion, a PE ratio of 10.09 and a beta of 0.60.

Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings results on Monday, January 22nd. The savings and loans company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Northwest Bancshares had a net margin of 19.23% and a return on equity of 9.21%. The business had revenue of $186.56 million for the quarter, compared to the consensus estimate of $133.06 million. As a group, sell-side analysts anticipate that Northwest Bancshares, Inc. will post 0.95 earnings per share for the current year.

Northwest Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Friday, February 2nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $0.80 annualized dividend and a dividend yield of 7.48%. Northwest Bancshares’s dividend payout ratio (DPR) is presently 75.47%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Northwest Bancshares from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Tuesday, January 23rd.

About Northwest Bancshares

Northwest Bancshares, Inc operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts.