Northwest Bancshares, Inc. (NWBI) Stake Raised by First Trust Advisors LP

First Trust Advisors LP grew its position in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,707,652 shares of the savings and loans company’s stock after buying an additional 71,151 shares during the quarter. First Trust Advisors LP owned 1.66% of Northwest Bancshares worth $28,569,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of NWBI. Public Employees Retirement System of Ohio boosted its holdings in 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 during the last quarter. Algert Global LLC purchased a new stake in Northwest Bancshares in the third quarter worth approximately $205,000. Mascoma Wealth Management LLC purchased a new stake in Northwest Bancshares in the third quarter worth approximately $217,000. CIBC Asset Management Inc purchased a new stake in Northwest Bancshares in the fourth quarter worth approximately $228,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Northwest Bancshares in the third quarter worth approximately $301,000. Hedge funds and other institutional investors own 65.61% of the company’s stock.

Several equities research analysts recently issued reports on NWBI shares. Zacks Investment Research cut shares of Northwest Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday. Boenning Scattergood restated a “hold” rating on shares of Northwest Bancshares in a report on Tuesday, January 23rd. Finally, BidaskClub upgraded shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Six equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $17.25.

In other Northwest Bancshares news, Director Timothy M. Hunter purchased 2,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average price of $16.75 per share, for a total transaction of $33,500.00. Following the purchase, the director now directly owns 15,100 shares of the company’s stock, valued at approximately $252,925. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO William W. Harvey sold 10,000 shares of Northwest Bancshares stock in a transaction on Monday, December 4th. The stock was sold at an average price of $17.28, for a total transaction of $172,800.00. Following the transaction, the chief financial officer now owns 158,649 shares in the company, valued at approximately $2,741,454.72. The disclosure for this sale can be found here. Insiders have sold a total of 50,964 shares of company stock worth $859,911 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

Northwest Bancshares, Inc. (NWBI) opened at $16.92 on Thursday. The firm has a market cap of $1,734.40, a price-to-earnings ratio of 19.87, a PEG ratio of 1.64 and a beta of 0.64. Northwest Bancshares, Inc. has a one year low of $14.95 and a one year high of $18.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.00 and a current ratio of 1.00.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Wednesday, January 31st. This is a boost from Northwest Bancshares’s previous quarterly dividend of $0.16. Northwest Bancshares’s dividend payout ratio (DPR) is currently 73.91%.

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Northwest Bancshares 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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