Northwest Bancshares, Inc. (NASDAQ: NWBI) CFO sells $ 163,468.80 in shares
Northwest Bancshares, Inc. (NASDAQ: NWBI) CFO William W. Harvey sold 11,520 shares of the company in a trade that took place on Monday, December 6. The shares were sold at an average price of $ 14.19, for a total trade of $ 163,468.80. The sale was disclosed in a legal file with the Securities & Exchange Commission, which can be accessed via this hyperlink.
Actions of NWBI traded at $ 0.22 at midday Tuesday, reaching $ 13.93. 16,377 shares of the company were traded, for an average volume of 604,155. The company has a fifty-day moving average of $ 13.90 and a two-hundred-day moving average of $ 13.58. Northwest Bancshares, Inc. has a twelve-month low of $ 12.11 and a twelve-month high of $ 15.48. The stock has a market cap of $ 1.77 billion, a price-to-earnings ratio of 11.32 and a beta of 0.60. The company has a quick ratio of 0.91, a current ratio of 0.92, and a debt ratio of 0.24.
Northwest Bancshares (NASDAQ: NWBI) last reported its quarterly results on Sunday, October 24. The savings and loan company reported EPS of $ 0.27 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.22 of $ 0.05. Northwest Bancshares had a net margin of 27.70% and a return on equity of 10.36%. The company posted revenue of $ 127.61 million for the quarter, compared to analysts’ estimates of $ 128.23 million. On average, stock analysts predict that Northwest Bancshares, Inc. will post earnings per share of 1.13 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15. Investors of record on Friday, November 5 received a dividend of $ 0.20 per share. This represents an annualized dividend of $ 0.80 and a dividend yield of 5.74%. The ex-dividend date of this dividend was Thursday, November 4. Northwest Bancshares’ dividend payout ratio is currently 64.00%.
Separately, Zacks investment research upgraded Northwest Bancshares shares from a “strong sell” rating to a “conservation” rating in a research note on Thursday, October 28.
Several hedge funds and other institutional investors have recently bought and sold stocks. Invesco Ltd. increased its holdings in Northwest Bancshares by 30.5% in the 3rd quarter. Invesco Ltd. now owns 3,945,871 shares of the savings and loan company valued at $ 52,401,000 after purchasing an additional 921,659 shares during the period. Vanguard Group Inc. increased its holdings in Northwest Bancshares by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 13,577,185 shares of the savings and loan company valued at $ 185,192,000 after purchasing an additional 471,301 shares during the period. Goldman Sachs Group Inc. increased its holdings in Northwest Bancshares by 25.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,621,184 shares of the savings and loan company valued at $ 22,113,000 after purchasing an additional 332,640 shares during the period. Victory Capital Management Inc. increased its holdings in Northwest Bancshares by 69.3% in the 3rd quarter. Victory Capital Management Inc. now owns 619,762 shares of the savings and loan company valued at $ 8,230,000 after purchasing an additional 253,685 shares during the period. Finally, Brandywine Global Investment Management LLC increased its stake in Northwest Bancshares by 135.2% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 328,448 shares of the savings and loan company valued at $ 4,480,000 after purchasing an additional 188,820 shares during the period. 61.39% of the shares are held by institutional investors and hedge funds.
About Northwest Bancshares
Northwest Bancshares, Inc is a holding company. It offers banking products to individuals and businesses, including employee benefits, investment management services, insurance and trusts. It collects deposits and grants loans secured by various types of collateral, including real estate and other assets.
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