Northwest Bancshares Inc. (NASDAQ:NWBI) shares hit 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 trading hands. The stock had previously closed at $14.69.

NWBI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Northwest Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 26th. FBR & Co initiated coverage on Northwest Bancshares in a research report on Wednesday, June 1st. They set a “market perform” rating and a $14.00 target price on the stock. Finally, Royal Bank Of Canada increased their target price on Northwest Bancshares from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Monday, May 2nd.

The stock has a market cap of $1.51 billion and a P/E ratio of 23.07. The firm’s 50-day moving average price is $14.57 and its 200 day moving average price is $13.51.

Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings data on Friday, April 22nd. The company reported $0.18 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.18. Equities research analysts forecast that Northwest Bancshares Inc. will post $0.75 earnings per share for the current fiscal year.

In other news, EVP Gerald J. Ritzert sold 14,061 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $14.24, for a total value of $200,228.64. Following the transaction, the executive vice president now owns 39,493 shares of the company’s stock, valued at $562,380.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Julia W. Mctavish sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $14.76, for a total value of $36,900.00. Following the completion of the transaction, the insider now directly owns 51,804 shares in the company, valued at approximately $764,627.04. The disclosure for this sale can be found here.

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