3,155 Shares in Northwest Bancshares, Inc. (NASDAQ:NWBI) Bought by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC purchased a new stake in shares of Northwest Bancshares, Inc. (NASDAQ:NWBIGet Rating) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,155 shares of the savings and loans company’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank raised its holdings in Northwest Bancshares by 6.9% during the first quarter. Swiss National Bank now owns 284,300 shares of the savings and loans company’s stock valued at $3,841,000 after acquiring an additional 18,300 shares during the period. Van Hulzen Asset Management LLC raised its holdings in Northwest Bancshares by 8.5% during the first quarter. Van Hulzen Asset Management LLC now owns 33,200 shares of the savings and loans company’s stock valued at $449,000 after acquiring an additional 2,600 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in Northwest Bancshares during the first quarter valued at about $370,000. Carnegie Capital Asset Management LLC raised its holdings in Northwest Bancshares by 481.6% during the second quarter. Carnegie Capital Asset Management LLC now owns 90,803 shares of the savings and loans company’s stock valued at $1,162,000 after acquiring an additional 75,191 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Northwest Bancshares by 84.5% during the first quarter. Victory Capital Management Inc. now owns 1,341,413 shares of the savings and loans company’s stock valued at $17,009,000 after acquiring an additional 614,164 shares during the period. 65.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO William W. Harvey sold 28,252 shares of Northwest Bancshares stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $15.04, for a total value of $424,910.08. Following the completion of the transaction, the chief financial officer now owns 191,895 shares in the company, valued at $2,886,100.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Northwest Bancshares news, CFO William W. Harvey sold 28,252 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $15.04, for a total transaction of $424,910.08. Following the completion of the transaction, the chief financial officer now owns 191,895 shares in the company, valued at $2,886,100.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy B. Fannin sold 24,480 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $14.83, for a total value of $363,038.40. Following the transaction, the director now owns 25,046 shares of the company’s stock, valued at approximately $371,432.18. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on NWBI. DA Davidson reissued a “neutral” rating on shares of Northwest Bancshares in a report on Wednesday, July 27th. StockNews.com assumed coverage on Northwest Bancshares in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Janney Montgomery Scott assumed coverage on Northwest Bancshares in a report on Thursday, September 29th. They issued a “neutral” rating and a $15.00 target price on the stock. Finally, Piper Sandler reduced their target price on Northwest Bancshares to $12.00 in a report on Wednesday, October 5th.

Northwest Bancshares Trading Up 1.8 %

NWBI opened at $15.05 on Tuesday. The firm has a market cap of $1.91 billion, a P/E ratio of 14.90 and a beta of 0.58. Northwest Bancshares, Inc. has a 12 month low of $12.04 and a 12 month high of $15.26. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $14.32 and a 200 day moving average of $13.65.

Northwest Bancshares (NASDAQ:NWBIGet Rating) last released its quarterly earnings results on Monday, October 24th. The savings and loans company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Northwest Bancshares had a return on equity of 8.52% and a net margin of 24.18%. As a group, research analysts forecast that Northwest Bancshares, Inc. will post 1.1 EPS for the current year.

Northwest Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Thursday, November 3rd were given a $0.20 dividend. The ex-dividend date was Wednesday, November 2nd. This represents a $0.80 annualized dividend and a yield of 5.32%. Northwest Bancshares’s dividend payout ratio is currently 79.21%.

About Northwest Bancshares

(Get Rating)

Northwest Bancshares, Inc operates as the 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.

Read More

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:NWBIGet Rating).

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

Receive News & Ratings for Northwest Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.