Bessemer Group Inc. lessened its stake in Northwest Bancshares, Inc. (NASDAQ:NWBI) by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,200 shares of the savings and loans company’s stock after selling 30,500 shares during the quarter. Bessemer Group Inc. owned 0.09% of Northwest Bancshares worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Northern Trust Corp raised its position in shares of Northwest Bancshares by 3.3% in the 2nd quarter. Northern Trust Corp now owns 2,449,958 shares of the savings and loans company’s stock worth $38,243,000 after purchasing an additional 78,768 shares during the last quarter. First Trust Advisors LP raised its position in shares of Northwest Bancshares by 7.1% in the 3rd quarter. First Trust Advisors LP now owns 1,636,501 shares of the savings and loans company’s stock worth $28,262,000 after purchasing an additional 108,610 shares during the last quarter. State Street Corp raised its position in shares of Northwest Bancshares by 3.8% in the 2nd quarter. State Street Corp now owns 2,516,857 shares of the savings and loans company’s stock worth $39,287,000 after purchasing an additional 93,063 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Northwest Bancshares by 4.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 669,960 shares of the savings and loans company’s stock worth $11,571,000 after purchasing an additional 28,537 shares during the last quarter. Finally, Susquehanna International Group LLP raised its position in shares of Northwest Bancshares by 543.1% in the 2nd quarter. Susquehanna International Group LLP now owns 108,037 shares of the savings and loans company’s stock worth $1,686,000 after purchasing an additional 91,237 shares during the last quarter. 65.19% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. BidaskClub raised Northwest Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research lowered Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Northwest Bancshares in a research report on Tuesday, October 24th. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.25.
In other news, COO Ronald J. Seiffert purchased 6,300 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was acquired at an average cost of $16.30 per share, for a total transaction of $102,690.00. Following the purchase, the chief operating officer now directly owns 6,300 shares in the company, valued at approximately $102,690. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gerald J. Ritzert sold 9,592 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $16.57, for a total value of $158,939.44. Following the sale, the executive vice president now owns 50,657 shares of the company’s stock, valued at $839,386.49. The disclosure for this sale can be found here. In the last three months, insiders acquired 9,300 shares of company stock valued at $152,330 and sold 50,964 shares valued at $859,911. 2.00% of the stock is currently owned by insiders.
Northwest Bancshares, Inc. (NASDAQ:NWBI) opened at $16.68 on Wednesday. Northwest Bancshares, Inc. has a 52-week low of $14.95 and a 52-week high of $18.63. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $1,710.00, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.61 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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Northwest Bancshares had a return on equity of 7.23% and a net margin of 20.11%. The business had revenue of $107.15 million during the quarter, compared to analyst estimates of $108.15 million. equities analysts forecast that Northwest Bancshares, Inc. will post 1.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a $0.17 dividend. This is a positive change from Northwest Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, January 31st. This represents a $0.68 dividend on an annualized basis and a yield of 4.08%. Northwest Bancshares’s payout ratio is 73.91%.
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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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