Northwest Bancshares, Inc. (NASDAQ:NWBI – Get Free Report) Director John P. Meegan sold 7,200 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $14.16, for a total value of $101,952.00. Following the completion of the sale, the director now directly owns 76,324 shares of the company’s stock, valued at approximately $1,080,747.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Northwest Bancshares Trading Up 0.7 %
NASDAQ:NWBI opened at $14.26 on Monday. Northwest Bancshares, Inc. has a 52-week low of $9.80 and a 52-week high of $14.55. The company has a market capitalization of $1.81 billion, a PE ratio of 13.84 and a beta of 0.64. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $11.59 and a 200-day simple moving average of $11.53.
Northwest Bancshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Friday, August 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Friday, August 2nd. This represents a $0.80 annualized dividend and a dividend yield of 5.61%. Northwest Bancshares’s dividend payout ratio is currently 77.67%.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on NWBI
Institutional Investors Weigh In On Northwest Bancshares
A number of large investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Northwest Bancshares in the fourth quarter valued at $7,107,000. Hsbc Holdings PLC increased its position in Northwest Bancshares by 3,568.5% during the 4th quarter. Hsbc Holdings PLC now owns 580,655 shares of the savings and loans company’s stock worth $7,298,000 after purchasing an additional 564,827 shares in the last quarter. Verition Fund Management LLC raised its stake in Northwest Bancshares by 2,299.6% in the 4th quarter. Verition Fund Management LLC now owns 418,013 shares of the savings and loans company’s stock valued at $5,217,000 after purchasing an additional 400,593 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Northwest Bancshares by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,712,088 shares of the savings and loans company’s stock valued at $108,729,000 after purchasing an additional 90,425 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in shares of Northwest Bancshares during the 4th quarter worth about $1,059,000. Institutional investors and hedge funds own 66.32% of the company’s stock.
Northwest Bancshares Company 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.
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