Northwest Bancshares Inc. (NASDAQ:NWBI) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $15.54 and last traded at $15.45, with a volume of 128,930 shares trading hands. The stock had previously closed at $15.50.

NWBI has been the topic of a number of recent analyst reports. FBR & Co initiated coverage on Northwest Bancshares in a research report on Wednesday, June 1st. They issued a “market perform” rating and a $14.00 target price on the stock. Zacks Investment Research cut Northwest Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 29th.

The firm has a market cap of $1.58 billion and a PE ratio of 37.87. The stock’s 50-day moving average price is $15.08 and its 200-day moving average price is $14.16.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Thursday, August 4th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 2nd. This represents a $0.60 annualized dividend and a dividend yield of 3.87%.

In related news, EVP Andrew Young sold 8,425 shares of the stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $14.37, for a total transaction of $121,067.25. Following the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael G. Smelko sold 10,125 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $14.98, for a total value of $151,672.50. Following the sale, 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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