BidaskClub lowered shares of Northwest Bancshares (NASDAQ:NWBI) from a hold rating to a sell rating in a research note published on Thursday morning.

A number of other research analysts have also recently issued reports on NWBI. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $16.00 price objective on shares of Northwest Bancshares in a research note on Sunday, October 8th. Boenning Scattergood reaffirmed a hold rating on shares of Northwest Bancshares in a research note on Tuesday, October 24th. Finally, Zacks Investment Research cut Northwest Bancshares from a hold rating to a strong sell rating in a research note on Thursday, October 26th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has an average rating of Hold and a consensus target price of $16.67.

Shares of Northwest Bancshares (NASDAQ:NWBI) traded up $0.36 during trading hours on Thursday, hitting $16.72. The stock had a trading volume of 2,730,000 shares, compared to its average volume of 363,566. Northwest Bancshares has a 52-week low of $14.95 and a 52-week high of $18.80. The company has a market capitalization of $1,715.81, a PE ratio of 19.00, a P/E/G ratio of 1.98 and a beta of 0.63. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.19.

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

In other news, EVP Gerald J. Ritzert sold 9,592 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $16.57, for a total transaction of $158,939.44. Following the completion of the sale, the executive vice president now directly owns 50,657 shares in the company, valued at $839,386.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO William W. Harvey sold 10,000 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $17.28, for a total transaction of $172,800.00. Following the sale, the chief financial officer now owns 158,649 shares of the company’s stock, valued at $2,741,454.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,639 shares of company stock valued at $435,808. 2.00% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Northwest Bancshares by 2.5% during 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. Arizona State Retirement System boosted its holdings in shares of 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 worth $831,000 after purchasing an additional 200 shares during the period. Texas Permanent School Fund boosted its holdings in shares of 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 worth $1,162,000 after purchasing an additional 741 shares during the period. Stifel Financial Corp boosted its holdings in shares of Northwest Bancshares by 1.5% during the second quarter. Stifel Financial Corp now owns 111,972 shares of the savings and loans company’s stock worth $1,752,000 after purchasing an additional 1,704 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Northwest Bancshares by 32.9% during 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. Institutional investors 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.

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