Two Sigma Investments LP Takes Position in Northwest Bancshares, Inc. (NWBI)

Two Sigma Investments LP acquired a new position in Northwest Bancshares, Inc. (NASDAQ:NWBI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,450 shares of the savings and loans company’s stock, valued at approximately $315,000.

A number of other large investors have also made changes to their positions in the company. BlackRock Fund Advisors boosted its stake in shares of Northwest Bancshares by 12.3% in the third quarter. BlackRock Fund Advisors now owns 7,369,940 shares of the savings and loans company’s stock worth $115,782,000 after buying an additional 807,120 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Northwest Bancshares during the fourth quarter worth $10,292,000. Nordea Investment Management AB acquired a new stake in shares of Northwest Bancshares during the third quarter worth $8,672,000. JPMorgan Chase & Co. boosted its stake in shares of Northwest Bancshares by 34,605.3% in the third quarter. JPMorgan Chase & Co. now owns 402,928 shares of the savings and loans company’s stock worth $6,330,000 after buying an additional 401,767 shares during the period. Finally, State Street Corp boosted its stake in shares of Northwest Bancshares by 12.4% in the fourth quarter. State Street Corp now owns 2,354,568 shares of the savings and loans company’s stock worth $42,451,000 after buying an additional 259,398 shares during the period. Institutional investors and hedge funds own 67.11% of the company’s stock.

Institutional Ownership by Quarter for Northwest Bancshares (NASDAQ:NWBI)

Shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) traded up 1.20% during midday trading on Thursday, reaching $16.85. 110,379 shares of the company traded hands. The company has a 50 day moving average price of $17.05 and a 200 day moving average price of $17.23. The company has a market capitalization of $1.72 billion, a PE ratio of 34.39 and a beta of 0.62. Northwest Bancshares, Inc. has a 1-year low of $13.40 and a 1-year high of $19.10.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings data on Monday, January 23rd. The savings and loans company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Northwest Bancshares had a net margin of 11.46% and a return on equity of 7.31%. The firm had revenue of $107.76 million for the quarter, compared to analyst estimates of $111.40 million. On average, analysts expect that Northwest Bancshares, Inc. will post $0.93 earnings per share for the current year.

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A number of research firms have recently commented on NWBI. DA Davidson began coverage on shares of Northwest Bancshares in a report on Monday, March 6th. They set a “neutral” rating and a $18.00 price target on the stock. Zacks Investment Research cut shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Friday, January 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Northwest Bancshares presently has a consensus rating of “Hold” and a consensus price target of $16.40.

In other news, EVP Gerald J. Ritzert sold 42,936 shares of Northwest Bancshares stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $17.64, for a total transaction of $757,391.04. Following the completion of the transaction, the executive vice president now owns 142,691 shares of the company’s stock, valued at approximately $2,517,069.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William W. Harvey sold 10,000 shares of Northwest Bancshares stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $17.72, for a total value of $177,200.00. Following the transaction, the chief financial officer now directly owns 151,399 shares of the company’s stock, valued at approximately $2,682,790.28. The disclosure for this sale can be found here. Insiders have sold a total of 85,680 shares of company stock worth $1,536,895 over the last 90 days. Insiders own 2.50% of the company’s stock.

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.

5 Day Chart for NASDAQ:NWBI

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