Northwest Bancshares, Inc. (NASDAQ:NWBI) COO Ronald J. Seiffert purchased 6,300 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was bought at an average cost of $16.30 per share, with a total value of $102,690.00. Following the purchase, the chief operating officer now owns 6,300 shares in the company, valued at $102,690. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Northwest Bancshares, Inc. (NASDAQ NWBI) traded down $0.17 on Friday, hitting $16.24. 204,191 shares of the stock were exchanged, compared to its average volume of 476,763. The company has a market cap of $1,684.00, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.94 and a beta of 0.64. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.19. Northwest Bancshares, Inc. has a 1 year low of $14.95 and a 1 year high of $19.10.
Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings data on Monday, October 23rd. The savings and loans company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The firm had revenue of $107.83 million during the quarter, compared to analyst estimates of $106.63 million. Northwest Bancshares had a net margin of 20.59% and a return on equity of 7.54%. equities research analysts forecast that Northwest Bancshares, Inc. will post 0.85 EPS for the current year.
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A number of research firms have commented on NWBI. Boenning Scattergood reissued a “hold” rating on shares of Northwest Bancshares in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 price objective on shares of Northwest Bancshares in a report on Sunday, October 8th. Finally, Zacks Investment Research lowered shares of Northwest Bancshares from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.67.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted 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 acquiring an additional 180 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Northwest Bancshares by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 53,211 shares of the savings and loans company’s stock worth $831,000 after acquiring an additional 200 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of Northwest Bancshares by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 74,462 shares of the savings and loans company’s stock worth $1,162,000 after acquiring an additional 741 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Northwest Bancshares by 1.5% in the 2nd quarter. Stifel Financial Corp now owns 111,972 shares of the savings and loans company’s stock worth $1,752,000 after acquiring an additional 1,704 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Northwest Bancshares by 32.9% in the 2nd quarter. SG Americas Securities LLC now owns 8,528 shares of the savings and loans company’s stock worth $133,000 after acquiring an additional 2,112 shares during the last quarter. Hedge funds and other institutional investors own 64.03% 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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