Philip M. Tredway Sells 5,714 Shares of Northwest Bancshares (NASDAQ:NWBI) Stock

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Northwest Bancshares (NASDAQ:NWBI) Director Philip M. Tredway sold 5,714 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $17.18, for a total value of $98,166.52. Following the completion of the transaction, the director now directly owns 21,888 shares in the company, valued at $376,035.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NWBI traded down $0.29 on Friday, hitting $16.31. The company had a trading volume of 324,385 shares, compared to its average volume of 542,897. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1,694.58, a P/E ratio of 19.42, a P/E/G ratio of 1.60 and a beta of 0.63. Northwest Bancshares has a 12-month low of $14.95 and a 12-month high of $17.78.

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

A number of equities analysts recently commented on the company. BidaskClub upgraded Northwest Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Boenning Scattergood reiterated a “hold” rating on shares of Northwest Bancshares in a research note on Tuesday, January 23rd. Zacks Investment Research lowered Northwest Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $17.00 price objective on shares of Northwest Bancshares in a research report on Tuesday, February 27th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.33.

Hedge funds and other institutional investors have recently made changes to their positions in the business. CNB Bank bought a new stake in shares of Northwest Bancshares during the fourth quarter valued at approximately $105,000. Public Employees Retirement System of Ohio raised its stake in shares of Northwest Bancshares by 2.5% during the second quarter. Public Employees Retirement System of Ohio now owns 7,284 shares of the savings and loans company’s stock valued at $114,000 after acquiring an additional 180 shares in the last quarter. Raymond James & Associates purchased a new position in Northwest Bancshares during the fourth quarter valued at approximately $184,000. Algert Global LLC purchased a new position in Northwest Bancshares during the third quarter valued at approximately $205,000. Finally, Mascoma Wealth Management LLC purchased a new position in Northwest Bancshares during the third quarter valued at approximately $217,000. 67.67% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Northwest Bancshares (NASDAQ:NWBI)

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