Northwest Bancshares Inc. (NASDAQ:NWBI) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $14.89 and last traded at $14.85, with a volume of 188,361 shares. The stock had previously closed at $14.69.

Several brokerages recently weighed in on NWBI. Royal Bank Of Canada lifted their price objective on shares of Northwest Bancshares from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Monday, May 2nd. Zacks Investment Research downgraded shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 26th. Finally, FBR & Co began coverage on shares of Northwest Bancshares in a research report on Wednesday, June 1st. They issued a “market perform” rating and a $14.00 price objective on the stock.

The stock has a market cap of $1.51 billion and a PE ratio of 23.030. The firm’s 50 day moving average is $14.56 and its 200 day moving average is $13.49.

Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings data on Friday, April 22nd. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Analysts predict that Northwest Bancshares Inc. will post $0.75 earnings per share for the current year.

In other news, Director Philip M. Tredway sold 10,468 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $13.77, for a total value of $144,144.36. Following the completion of the sale, the director now owns 28,184 shares of the company’s stock, valued at approximately $388,093.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven G. Fisher sold 25,874 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $14.83, for a total value of $383,711.42. Following the completion of the sale, the executive vice president now directly owns 160,425 shares of the company’s stock, valued at approximately $2,379,102.75. The disclosure for this sale can be found here.

Several large investors recently added to or reduced their stakes in NWBI. Nationwide Fund Advisors increased its stake in Northwest Bancshares by 3.8% in the fourth quarter. Nationwide Fund Advisors now owns 76,940 shares of the company’s stock valued at $1,030,000 after buying an additional 2,837 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Northwest Bancshares by 8.6% in the fourth quarter. New York State Common Retirement Fund now owns 93,600 shares of the company’s stock valued at $1,253,000 after buying an additional 7,400 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Northwest Bancshares by 5.1% in the fourth quarter. American Century Companies Inc. now owns 109,923 shares of the company’s stock valued at $1,472,000 after buying an additional 5,337 shares in the last quarter. TD Asset Management Inc. increased its stake in shares of Northwest Bancshares by 9.7% in the fourth quarter. TD Asset Management Inc. now owns 169,900 shares of the company’s stock valued at $2,275,000 after buying an additional 15,000 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Northwest Bancshares by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 188,178 shares of the company’s stock valued at $2,520,000 after buying an additional 3,055 shares in the last quarter.

Northwest Bancshares, Inc 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. The Company operates through two segments: Community Banking and Consumer Finance.

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