Nordea Investment Management AB Raises Position in Northwest Bancshares, Inc. (NWBI)

Nordea Investment Management AB increased its holdings in Northwest Bancshares, Inc. (NASDAQ:NWBI) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,166 shares of the savings and loans company’s stock after acquiring an additional 9,293 shares during the quarter. Nordea Investment Management AB owned about 0.24% of Northwest Bancshares worth $4,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake in shares of Northwest Bancshares by 2.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,284 shares of the savings and loans company’s stock worth $114,000 after acquiring an additional 180 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Northwest Bancshares by 32.9% in the 2nd quarter. SG Americas Securities LLC now owns 8,528 shares of the savings and loans company’s stock worth $133,000 after acquiring an additional 2,112 shares in the last quarter. Shelton Capital Management bought a new position in shares of Northwest Bancshares in the 2nd quarter worth about $158,000. Riverhead Capital Management LLC increased its stake in shares of Northwest Bancshares by 53.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,160 shares of the savings and loans company’s stock worth $159,000 after acquiring an additional 3,560 shares in the last quarter. Finally, Clinton Group Inc. bought a new position in shares of Northwest Bancshares in the 2nd quarter worth about $160,000. Institutional investors own 64.52% of the company’s stock.

In related news, EVP Andrew Young sold 5,625 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $16.18, for a total transaction of $91,012.50. Following the sale, the executive vice president now directly owns 60,254 shares of the company’s stock, valued at approximately $974,909.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Ronald J. Seiffert acquired 6,300 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average cost of $16.30 per share, for a total transaction of $102,690.00. Following the completion of the transaction, the chief operating officer now directly owns 6,300 shares in the company, valued at approximately $102,690. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. Boenning Scattergood reiterated a “hold” rating on shares of Northwest Bancshares in a research note on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 price target on shares of Northwest Bancshares in a research note on Sunday, October 8th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.67.

Shares of Northwest Bancshares, Inc. (NASDAQ NWBI) opened at $16.88 on Friday. Northwest Bancshares, Inc. has a 1 year low of $14.95 and a 1 year high of $19.10. The company has a market cap of $1,737.36, a PE ratio of 19.24, a P/E/G ratio of 2.00 and a beta of 0.63. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.99 and a current ratio of 0.99.

Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings data on Monday, October 23rd. The savings and loans company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Northwest Bancshares had a net margin of 20.59% and a return on equity of 7.54%. The company had revenue of $107.83 million for the quarter, compared to the consensus estimate of $106.63 million. equities analysts predict that Northwest Bancshares, Inc. will post 0.85 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Thursday, November 2nd were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.79%. The ex-dividend date was Wednesday, November 1st. Northwest Bancshares’s dividend payout ratio (DPR) is 68.09%.

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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.

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

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