Quest Partners LLC Grows Position in Northwest Bancshares, Inc. (NASDAQ:NWBI)

Quest Partners LLC increased its position in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 17,247,500.0% during the third quarter, Holdings Channel reports. The institutional investor owned 172,476 shares of the savings and loans company’s stock after buying an additional 172,475 shares during the quarter. Quest Partners LLC’s holdings in Northwest Bancshares were worth $2,308,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NWBI. Nisa Investment Advisors LLC increased its stake in shares of Northwest Bancshares by 93.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,935 shares of the savings and loans company’s stock worth $34,000 after buying an additional 1,420 shares during the period. Innealta Capital LLC purchased a new stake in shares of Northwest Bancshares during the second quarter worth approximately $61,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Northwest Bancshares by 66.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,769 shares of the savings and loans company’s stock worth $67,000 after buying an additional 2,304 shares during the period. International Assets Investment Management LLC increased its stake in shares of Northwest Bancshares by 1,238.0% during the third quarter. International Assets Investment Management LLC now owns 5,459 shares of the savings and loans company’s stock worth $73,000 after buying an additional 5,051 shares during the period. Finally, CWM LLC increased its stake in shares of Northwest Bancshares by 45.5% during the second quarter. CWM LLC now owns 7,195 shares of the savings and loans company’s stock worth $83,000 after buying an additional 2,249 shares during the period. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th.

Northwest Bancshares Stock Performance

Shares of NWBI opened at $14.72 on Monday. The stock has a 50 day moving average price of $13.51 and a 200 day moving average price of $12.59. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 19.37 and a beta of 0.62. Northwest Bancshares, Inc. has a 52-week low of $10.45 and a 52-week high of $15.35.

Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $199.21 million during the quarter, compared to the consensus estimate of $140.80 million. Northwest Bancshares had a return on equity of 8.24% and a net margin of 13.19%. During the same period in the prior year, the company posted $0.31 earnings per share. Research analysts predict that Northwest Bancshares, Inc. will post 1.02 EPS for the current fiscal year.

Northwest Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Friday, November 8th. Northwest Bancshares’s payout ratio is currently 105.26%.

Northwest Bancshares Profile

Northwest Bancshares, Inc operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts.