Northwest Bancshares, Inc. (NWBI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 6.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,982 shares of the savings and loans company’s stock after selling 2,800 shares during the period. New York State Teachers Retirement System’s holdings in Northwest Bancshares were worth $724,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NWBI. Vanguard Group Inc. raised its stake in shares of Northwest Bancshares by 5.5% in the first quarter. Vanguard Group Inc. now owns 9,155,426 shares of the savings and loans company’s stock valued at $154,177,000 after buying an additional 478,726 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Northwest Bancshares by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 8,207,109 shares of the savings and loans company’s stock valued at $138,208,000 after buying an additional 166,313 shares during the period. Wellington Management Group LLP increased its position in Northwest Bancshares by 1.2% in the first quarter. Wellington Management Group LLP now owns 6,142,660 shares of the savings and loans company’s stock valued at $103,443,000 after buying an additional 70,860 shares in the last quarter. Renaissance Technologies LLC increased its position in Northwest Bancshares by 5.2% in the first quarter. Renaissance Technologies LLC now owns 2,068,400 shares of the savings and loans company’s stock valued at $34,832,000 after buying an additional 101,700 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Northwest Bancshares by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 1,447,006 shares of the savings and loans company’s stock valued at $24,368,000 after buying an additional 45,763 shares in the last quarter. Institutional investors own 64.85% of the company’s stock.

Northwest Bancshares, Inc. (NWBI) traded down 0.32% during midday trading on Friday, hitting $15.43. 346,218 shares of the stock were exchanged. Northwest Bancshares, Inc. has a 12-month low of $14.95 and a 12-month high of $19.10. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 17.98 and a beta of 0.63. The firm has a 50 day moving average of $15.74 and a 200-day moving average of $16.35.

Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings results on Monday, July 24th. The savings and loans company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Northwest Bancshares had a return on equity of 7.45% and a net margin of 18.91%. The company had revenue of $124.21 million during the quarter, compared to analyst estimates of $116.82 million. On average, equities analysts expect that Northwest Bancshares, Inc. will post $0.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, August 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.15%. Northwest Bancshares’s dividend payout ratio (DPR) is presently 75.29%.

COPYRIGHT VIOLATION WARNING: “Northwest Bancshares, Inc. (NWBI) Shares Sold by New York State Teachers Retirement System” was originally posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/08/19/new-york-state-teachers-retirement-system-sells-2800-shares-of-northwest-bancshares-inc-nwbi-updated-updated-updated.html.

NWBI has been the topic of several research reports. Zacks Investment Research raised shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub raised shares of Northwest Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Finally, ValuEngine downgraded shares of Northwest Bancshares from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Thursday, May 11th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.60.

In other news, Director Philip M. Tredway sold 13,560 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $16.13, for a total transaction of $218,722.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.

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.

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

What are top analysts saying about Northwest Bancshares Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Northwest Bancshares Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit