Swiss National Bank continued to hold its position in Northwest Bancshares, Inc. (NASDAQ:NWBI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,300 shares of the savings and loans company’s stock at the end of the second quarter. Swiss National Bank owned 0.16% of Northwest Bancshares worth $2,502,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in shares of Northwest Bancshares by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 1,447,006 shares of the savings and loans company’s stock valued at $24,368,000 after purchasing an additional 45,763 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of 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 buying an additional 352 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Northwest Bancshares by 60.0% during the first quarter. UBS Asset Management Americas Inc. now owns 63,589 shares of the savings and loans company’s stock valued at $1,071,000 after buying an additional 23,837 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Northwest Bancshares during the first quarter valued at approximately $411,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Northwest Bancshares by 3.4% during the first quarter. Ameriprise Financial Inc. now owns 654,160 shares of the savings and loans company’s stock worth $11,016,000 after buying an additional 21,210 shares during the period. 65.39% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on NWBI. BidaskClub raised Northwest Bancshares from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research raised Northwest Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Northwest Bancshares presently has a consensus rating of “Sell” and an average price target of $17.00.

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

Northwest Bancshares, Inc. (NASDAQ NWBI) opened at 17.27 on Monday. The firm has a market cap of $1.77 billion, a PE ratio of 20.13 and a beta of 0.65. Northwest Bancshares, Inc. has a 1-year low of $14.95 and a 1-year high of $19.10. The firm’s 50-day moving average is $15.76 and its 200 day moving average is $16.04.

Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings results on Monday, July 24th. The savings and loans company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Northwest Bancshares had a return on equity of 7.45% and a net margin of 18.91%. The firm had revenue of $124.21 million during the quarter, compared to analysts’ expectations of $116.82 million. On average, equities analysts forecast that Northwest Bancshares, Inc. will post $0.93 earnings per share for the current fiscal year.

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.

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

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