Coldstream Capital Management Inc. Takes $161,000 Position in Northwest Bancshares, Inc. (NWBI)

Coldstream Capital Management Inc. bought a new stake in Northwest Bancshares, Inc. (NASDAQ:NWBI) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,330 shares of the savings and loans company’s stock, valued at approximately $161,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Arizona State Retirement System raised its position in Northwest Bancshares by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 53,211 shares of the savings and loans company’s stock valued at $831,000 after buying an additional 200 shares during the last quarter. Texas Permanent School Fund raised its position in Northwest Bancshares by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 74,462 shares of the savings and loans company’s stock valued at $1,162,000 after buying an additional 741 shares during the last quarter. Legal & General Group Plc raised its position in Northwest Bancshares by 0.7% in the 1st quarter. Legal & General Group Plc now owns 224,767 shares of the savings and loans company’s stock valued at $3,786,000 after buying an additional 1,475 shares during the last quarter. Mason Street Advisors LLC raised its position in Northwest Bancshares by 7.6% in the 1st quarter. Mason Street Advisors LLC now owns 23,810 shares of the savings and loans company’s stock valued at $401,000 after buying an additional 1,673 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Northwest Bancshares by 1.0% in the 1st quarter. Prudential Financial Inc. now owns 174,288 shares of the savings and loans company’s stock valued at $2,935,000 after buying an additional 1,680 shares during the last quarter. 65.39% of the stock is currently owned by institutional investors and hedge funds.

NWBI has been the topic of a number of recent research reports. Zacks Investment Research raised Northwest Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.00 target price on shares of Northwest Bancshares in a research report on Sunday. Finally, BidaskClub lowered Northwest Bancshares from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Northwest Bancshares has an average rating of “Hold” and an average price target of $16.50.

In other news, Director Philip M. Tredway sold 13,560 shares of the firm’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 value of $218,722.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Andrew Young sold 5,625 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $16.18, for a total value of $91,012.50. Following the completion of the transaction, the executive vice president now owns 60,254 shares in the company, valued at approximately $974,909.72. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Northwest Bancshares, Inc. (NWBI) traded down 0.17% on Thursday, hitting $17.45. The company’s stock had a trading volume of 52,454 shares. The stock has a market cap of $1.79 billion, a PE ratio of 20.34 and a beta of 0.65. Northwest Bancshares, Inc. has a 12 month low of $14.95 and a 12 month high of $19.10. The firm has a 50 day moving average of $16.39 and a 200-day moving average of $16.03.

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

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About Northwest Bancshares

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.

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

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