Northwest Bancshares, Inc. (NASDAQ:NWBI) EVP Gerald J. Ritzert sold 1,400 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $16.50, for a total value of $23,100.00. Following the sale, the executive vice president now owns 45,857 shares in the company, valued at $756,640.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Northwest Bancshares, Inc. (NASDAQ NWBI) traded up $0.22 on Friday, reaching $16.55. The company’s stock had a trading volume of 85,449 shares, compared to its average volume of 568,476. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.18. Northwest Bancshares, Inc. has a 1-year low of $14.95 and a 1-year high of $18.63. The stock has a market cap of $1,723.10, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 1.63 and a beta of 0.64.
Northwest Bancshares (NASDAQ:NWBI) last issued its earnings results on Monday, January 22nd. The savings and loans company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $107.15 million for the quarter, compared to the consensus estimate of $108.15 million. Northwest Bancshares had a return on equity of 7.23% and a net margin of 20.11%. equities analysts expect that Northwest Bancshares, Inc. will post 1.03 earnings per share for the current fiscal year.
Several analysts have commented on the company. Boenning Scattergood reiterated a “hold” rating on shares of Northwest Bancshares in a research note on Tuesday, October 24th. Zacks Investment Research downgraded Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. Finally, BidaskClub upgraded 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 company. The company has a consensus rating of “Hold” and a consensus target price of $17.25.
Several hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in shares of Northwest Bancshares by 224.1% in the 4th quarter. Arizona State Retirement System now owns 172,477 shares of the savings and loans company’s stock worth $2,886,000 after buying an additional 119,266 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Northwest Bancshares by 4.3% in the 4th quarter. First Trust Advisors LP now owns 1,707,652 shares of the savings and loans company’s stock worth $28,569,000 after buying an additional 71,151 shares during the last quarter. Swiss National Bank boosted its stake in shares of Northwest Bancshares by 3.5% in the 4th quarter. Swiss National Bank now owns 165,900 shares of the savings and loans company’s stock worth $2,776,000 after buying an additional 5,600 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Northwest Bancshares by 7.8% in the 4th quarter. California Public Employees Retirement System now owns 357,427 shares of the savings and loans company’s stock worth $5,980,000 after buying an additional 25,722 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Northwest Bancshares in the 4th quarter worth $560,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.
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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.
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