Northwest Bancshares, Inc. (NASDAQ:NWBI) Director Timothy M. Hunter purchased 2,000 shares of Northwest Bancshares stock in a transaction that occurred on Thursday, December 7th. The shares were bought at an average price of $16.75 per share, for a total transaction of $33,500.00. Following the transaction, the director now directly owns 15,100 shares of the company’s stock, valued at $252,925. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Northwest Bancshares, Inc. (NWBI) traded down $0.06 during midday trading on Thursday, hitting $16.75. 288,762 shares of the company traded hands, compared to its average volume of 475,057. Northwest Bancshares, Inc. has a one year low of $14.95 and a one year high of $19.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $1,733.26, a PE ratio of 19.19, a P/E/G ratio of 2.00 and a beta of 0.63.

Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings results on Monday, October 23rd. The savings and loans company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Northwest Bancshares had a net margin of 20.59% and a return on equity of 7.54%. The company had revenue of $107.83 million for the quarter, compared to analysts’ expectations of $106.63 million. equities analysts anticipate that Northwest Bancshares, Inc. will post 0.85 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Thursday, November 2nd were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Wednesday, November 1st. Northwest Bancshares’s dividend payout ratio is currently 68.09%.

Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Boenning Scattergood reiterated a “hold” rating on shares of Northwest Bancshares in a research report on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $16.00 price target on shares of Northwest Bancshares in a research report on Sunday, October 8th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.67.

A number of institutional investors and hedge funds have recently made changes to their positions in NWBI. Public Employees Retirement System of Ohio grew its holdings in Northwest Bancshares by 2.5% in the second quarter. Public Employees Retirement System of Ohio now owns 7,284 shares of the savings and loans company’s stock worth $114,000 after purchasing an additional 180 shares during the period. SG Americas Securities LLC grew its holdings in Northwest Bancshares by 32.9% in the second quarter. SG Americas Securities LLC now owns 8,528 shares of the savings and loans company’s stock worth $133,000 after purchasing an additional 2,112 shares during the period. Shelton Capital Management purchased a new stake in Northwest Bancshares in the second quarter worth about $158,000. Riverhead Capital Management LLC grew its holdings in Northwest Bancshares by 53.9% in the second quarter. Riverhead Capital Management LLC now owns 10,160 shares of the savings and loans company’s stock worth $159,000 after purchasing an additional 3,560 shares during the period. Finally, Clinton Group Inc. purchased a new stake in Northwest Bancshares in the second quarter worth about $160,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Northwest Bancshares (NASDAQ:NWBI)

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