Janney Montgomery Scott LLC Has $999,000 Holdings in Northwest Bancshares, Inc. (NASDAQ:NWBI)

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Janney Montgomery Scott LLC grew its position in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 1.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 60,966 shares of the savings and loans company’s stock after acquiring an additional 632 shares during the period. Janney Montgomery Scott LLC’s holdings in Northwest Bancshares were worth $999,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Northwest Bancshares by 3.9% during the 3rd quarter. Rhumbline Advisers now owns 329,164 shares of the savings and loans company’s stock valued at $5,395,000 after buying an additional 12,404 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Northwest Bancshares during the 3rd quarter valued at about $4,630,000. 6 Meridian lifted its holdings in shares of Northwest Bancshares by 71.3% during the 3rd quarter. 6 Meridian now owns 46,644 shares of the savings and loans company’s stock valued at $764,000 after buying an additional 19,411 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Northwest Bancshares by 25.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 24,496 shares of the savings and loans company’s stock valued at $401,000 after buying an additional 5,009 shares during the last quarter. Finally, Northwest Bancshares Inc. lifted its holdings in shares of Northwest Bancshares by 2.9% during the 3rd quarter. Northwest Bancshares Inc. now owns 422,378 shares of the savings and loans company’s stock valued at $6,923,000 after buying an additional 11,736 shares during the last quarter. Institutional investors and hedge funds own 69.97% of the company’s stock.

Shares of Northwest Bancshares stock opened at $16.99 on Friday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 16.66 and a beta of 0.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.02 and a quick ratio of 1.02. Northwest Bancshares, Inc. has a 52-week low of $15.46 and a 52-week high of $18.81. The stock has a 50-day simple moving average of $16.68 and a 200-day simple moving average of $16.87.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings data on Monday, October 21st. The savings and loans company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $117.11 million for the quarter, compared to analyst estimates of $116.30 million. Northwest Bancshares had a return on equity of 8.65% and a net margin of 21.99%. As a group, equities research analysts predict that Northwest Bancshares, Inc. will post 1.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Thursday, October 31st. Northwest Bancshares’s dividend payout ratio is currently 70.59%.

In other news, EVP Michael G. Smelko sold 13,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $16.98, for a total transaction of $220,740.00. Following the transaction, the executive vice president now owns 92,596 shares of the company’s stock, valued at $1,572,280.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sonia M. Probst sold 7,030 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $17.53, for a total value of $123,235.90. Following the transaction, the director now directly owns 47,686 shares in the company, valued at approximately $835,935.58. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on NWBI. ValuEngine upgraded Northwest Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. BidaskClub lowered Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Zacks Investment Research lowered Northwest Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th.

About Northwest Bancshares

Northwest Bancshares, Inc is a holding company. It offers personal & business banking products including employee benefits, investment management services, insurance and trust. It engages in collecting deposits and making loans secured by various types of collateral, including real estate and other assets.

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Want to see what other hedge funds are holding NWBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northwest Bancshares, Inc. (NASDAQ:NWBI).

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

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