GSA Capital Partners LLP Takes Position in Northwest Bancshares, Inc. (NWBI)

GSA Capital Partners LLP acquired a new stake in Northwest Bancshares, Inc. (NASDAQ:NWBI) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 22,742 shares of the savings and loans company’s stock, valued at approximately $377,000.

A number of other institutional investors also recently added to or reduced their stakes in NWBI. CNB Bank purchased a new stake in Northwest Bancshares in the 4th quarter valued at about $105,000. Trexquant Investment LP purchased a new stake in Northwest Bancshares in the 1st quarter valued at about $168,000. Raymond James & Associates purchased a new stake in Northwest Bancshares in the 4th quarter valued at about $184,000. Xact Kapitalforvaltning AB purchased a new stake in Northwest Bancshares in the 4th quarter valued at about $261,000. Finally, Elkfork Partners LLC purchased a new stake in Northwest Bancshares in the 4th quarter valued at about $266,000. 68.31% of the stock is owned by institutional investors.

In other news, CMO Shawn O. Walker sold 9,536 shares of the business’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $17.52, for a total value of $167,070.72. Following the completion of the sale, the chief marketing officer now owns 33,714 shares in the company, valued at approximately $590,669.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jonathan P. Scalise sold 10,088 shares of the business’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $17.52, for a total transaction of $176,741.76. Following the completion of the sale, the executive vice president now owns 26,652 shares of the company’s stock, valued at approximately $466,943.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,802 shares of company stock valued at $662,473. Company insiders own 2.20% of the company’s stock.

NASDAQ:NWBI opened at $17.93 on Tuesday. Northwest Bancshares, Inc. has a one year low of $15.06 and a one year high of $18.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $1.86 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.60 and a beta of 0.65.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings results on Monday, April 23rd. The savings and loans company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Northwest Bancshares had a net margin of 21.53% and a return on equity of 7.78%. The business had revenue of $103.56 million during the quarter, compared to analyst estimates of $106.47 million. research analysts forecast that Northwest Bancshares, Inc. will post 1 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.00 price objective on shares of Northwest Bancshares in a research report on Tuesday, February 27th. BidaskClub cut shares of Northwest Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Zacks Investment Research raised shares of Northwest Bancshares from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, June 20th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Northwest Bancshares in a research report on Wednesday, June 13th.

Northwest Bancshares Profile

Northwest Bancshares, Inc operates as a bank holding company for Northwest Savings Bank that offers various personal and business banking solutions in the United States. The company offers personal and business deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts.

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

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