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

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

The stock’s 50-day moving average price is $15.11 and its 200-day moving average price is $14.18. The stock has a market capitalization of $1.59 billion and a PE ratio of 37.92.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Thursday, August 4th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Tuesday, August 2nd.

In other Northwest Bancshares news, EVP Andrew Young sold 8,425 shares of the stock in a transaction dated Tuesday, June 14th. The shares were 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 SEC, which can be accessed through this hyperlink. 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 transaction 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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