Northwest Bancshares, Inc. (NASDAQ:NWBI) EVP Gerald J. Ritzert sold 10,800 shares of Northwest Bancshares stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $16.57, for a total transaction of $178,956.00. Following the completion of the transaction, the executive vice president now directly owns 45,857 shares in the company, valued at approximately $759,850.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Northwest Bancshares, Inc. (NWBI) opened at $16.63 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.18. The company has a market cap of $1,676.89, a price-to-earnings ratio of 19.21, a PEG ratio of 1.59 and a beta of 0.64. Northwest Bancshares, Inc. has a 1 year low of $14.95 and a 1 year high of $18.63.

Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings data on Monday, January 22nd. The savings and loans company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The business had revenue of $107.15 million for the quarter, compared to analyst estimates of $108.15 million. Northwest Bancshares had a net margin of 20.11% and a return on equity of 7.23%. research analysts forecast that Northwest Bancshares, Inc. will post 1.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Wednesday, January 31st. This is a positive change from Northwest Bancshares’s previous quarterly dividend of $0.16. Northwest Bancshares’s payout ratio is currently 73.91%.

A number of brokerages have weighed in on NWBI. Boenning Scattergood reaffirmed a “hold” rating on shares of Northwest Bancshares in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Northwest Bancshares from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Wednesday, January 3rd. Finally, BidaskClub raised shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Northwest Bancshares presently has a consensus rating of “Hold” and a consensus price target of $17.25.

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its position in shares of 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 in the last quarter. Shelton Capital Management bought a new stake in shares of Northwest Bancshares in the second quarter worth $158,000. Clinton Group Inc. bought a new stake in shares of Northwest Bancshares in the second quarter worth $160,000. Coldstream Capital Management Inc. bought a new stake in shares of Northwest Bancshares in the second quarter worth $161,000. Finally, Algert Global LLC bought a new stake in shares of Northwest Bancshares in the third quarter worth $205,000. 64.83% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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