Northwest Bancshares Inc. (NASDAQ:NWBI) shares hit a new 52-week high on Thursday . The company traded as high as $15.36 and last traded at $15.36, with a volume of 621,594 shares changing hands. The stock had previously closed at $15.31.

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada increased 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 “strong-buy” rating to a “hold” rating in a research report on Friday, July 29th. Finally, FBR & Co increased their price target on shares of Northwest Bancshares from $14.00 to $15.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, July 26th.

The firm has a market cap of $1.57 billion and a price-to-earnings ratio of 37.60. The firm has a 50-day moving average of $15.05 and a 200-day moving average of $14.08.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings results on Monday, July 25th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.20 by $0.27. Analysts predict that Northwest Bancshares Inc. will post $0.58 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Thursday, August 4th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 2nd. This represents a $0.60 annualized dividend and a dividend yield of 3.91%.

In other news, EVP Andrew Young sold 8,425 shares of Northwest Bancshares stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $14.37, for a total value of $121,067.25. Following the transaction, the executive vice president now owns 56,111 shares of the company’s stock, valued at approximately $806,315.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael G. Smelko sold 10,125 shares of Northwest Bancshares stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $14.98, for a total transaction of $151,672.50. Following the completion of the transaction, the vice president now directly owns 72,171 shares in the company, valued at approximately $1,081,121.58. The disclosure for this sale can be found here.

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 subsidiary, Northwest Bank, is a Pennsylvania-chartered stock savings bank.

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