MetLife Investment Advisors LLC Takes $698,000 Position in Northwest Bancshares (NWBI)

MetLife Investment Advisors LLC purchased a new stake in shares of Northwest Bancshares (NASDAQ:NWBI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,735 shares of the savings and loans company’s stock, valued at approximately $698,000.

Other institutional investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Northwest Bancshares by 4.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 669,960 shares of the savings and loans company’s stock valued at $11,571,000 after purchasing an additional 28,537 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Northwest Bancshares by 224.1% in the 4th quarter. Arizona State Retirement System now owns 172,477 shares of the savings and loans company’s stock valued at $2,886,000 after purchasing an additional 119,266 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Northwest Bancshares by 27.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 67,270 shares of the savings and loans company’s stock valued at $1,162,000 after purchasing an additional 14,665 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Northwest Bancshares by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 70,886 shares of the savings and loans company’s stock valued at $1,186,000 after purchasing an additional 4,301 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Northwest Bancshares by 74.2% in the 4th quarter. Deutsche Bank AG now owns 295,514 shares of the savings and loans company’s stock valued at $4,942,000 after purchasing an additional 125,871 shares during the last quarter. 67.67% of the stock is owned by institutional investors.

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NASDAQ:NWBI opened at $16.47 on Monday. The company has a market capitalization of $1,712.02, a PE ratio of 19.61, a P/E/G ratio of 1.62 and a beta of 0.63. Northwest Bancshares 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 current ratio of 1.00 and a quick ratio of 1.00.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings data on Monday, January 22nd. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $107.15 million during the quarter, compared to analyst estimates of $108.15 million. research analysts expect that Northwest Bancshares will post 1.03 EPS for the current fiscal year.

In other news, Director Philip M. Tredway sold 5,714 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $17.18, for a total value of $98,166.52. Following the sale, the director now directly owns 21,888 shares in the company, valued at $376,035.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Gerald J. Ritzert sold 10,800 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $16.57, for a total value of $178,956.00. Following the completion of the sale, the executive vice president now owns 45,857 shares in the company, valued at $759,850.49. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,371 shares of company stock worth $647,733. Company insiders own 2.20% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Boenning Scattergood reaffirmed a “hold” rating on shares of Northwest Bancshares in a research note on Tuesday, January 23rd. BidaskClub raised Northwest Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Zacks Investment Research lowered Northwest Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $17.00 price objective 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, Northwest Bancshares currently has a consensus rating of “Hold” and a consensus price target of $17.33.

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

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