Carnegie Capital Asset Management LLC maintained its stake in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,030 shares of the savings and loans company’s stock at the close of the second quarter. Carnegie Capital Asset Management LLC’s holdings in Northwest Bancshares were worth $357,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Arizona State Retirement System raised its position in Northwest Bancshares by 0.4% during the second quarter. Arizona State Retirement System now owns 53,211 shares of the savings and loans company’s stock valued at $831,000 after acquiring an additional 200 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Northwest Bancshares by 1.4% during the first quarter. BNP Paribas Arbitrage SA now owns 24,997 shares of the savings and loans company’s stock valued at $421,000 after acquiring an additional 352 shares in the last quarter. Texas Permanent School Fund raised its position in Northwest Bancshares by 1.0% during the second quarter. Texas Permanent School Fund now owns 74,462 shares of the savings and loans company’s stock valued at $1,162,000 after acquiring an additional 741 shares in the last quarter. Legal & General Group Plc raised its position in Northwest Bancshares by 0.7% during the first quarter. Legal & General Group Plc now owns 224,767 shares of the savings and loans company’s stock valued at $3,786,000 after acquiring an additional 1,475 shares in the last quarter. Finally, Mason Street Advisors LLC raised its position in Northwest Bancshares by 7.6% during the first quarter. Mason Street Advisors LLC now owns 23,810 shares of the savings and loans company’s stock valued at $401,000 after acquiring an additional 1,673 shares in the last quarter. Institutional investors own 65.39% of the company’s stock.

In other Northwest Bancshares news, EVP Andrew Young sold 5,625 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $16.18, for a total transaction of $91,012.50. Following the completion of the sale, the executive vice president now directly owns 60,254 shares of the company’s stock, valued at approximately $974,909.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philip M. Tredway sold 13,560 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $16.13, for a total value of $218,722.80. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) opened at 17.27 on Friday. Northwest Bancshares, Inc. has a 52-week low of $14.95 and a 52-week high of $19.10. The stock has a market capitalization of $1.77 billion, a PE ratio of 20.13 and a beta of 0.63. The stock has a 50 day moving average price of $15.76 and a 200-day moving average price of $16.04.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings data on Monday, July 24th. 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 return on equity of 7.45% and a net margin of 18.91%. The company had revenue of $124.21 million during the quarter, compared to analysts’ expectations of $116.82 million. On average, equities research analysts anticipate that Northwest Bancshares, Inc. will post $0.93 EPS for the current fiscal year.

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Several research analysts recently weighed in on NWBI shares. BidaskClub upgraded Northwest Bancshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded Northwest Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Northwest Bancshares presently has a consensus rating of “Sell” and a consensus target price of $17.00.

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

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