Steven G. Fisher Sells 1,000 Shares of Northwest Bancshares Inc. (NWBI) Stock
Northwest Bancshares Inc. (NASDAQ:NWBI) EVP Steven G. Fisher sold 1,000 shares of the stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $18.22, for a total value of $18,220.00. Following the transaction, the executive vice president now owns 147,488 shares of the company’s stock, valued at $2,687,231.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Northwest Bancshares Inc. (NASDAQ:NWBI) opened at 18.18 on Wednesday. Northwest Bancshares Inc. has a 52-week low of $11.77 and a 52-week high of $18.38. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 44.34 and a beta of 0.55. The firm has a 50-day moving average price of $16.43 and a 200-day moving average price of $15.36.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Investors of record on Thursday, November 3rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, November 1st. Northwest Bancshares’s payout ratio is currently 146.35%.
Several hedge funds have recently bought and sold shares of NWBI. Louisiana State Employees Retirement System raised its stake in Northwest Bancshares by 0.4% in the third quarter. Louisiana State Employees Retirement System now owns 45,300 shares of the company’s stock worth $712,000 after buying an additional 200 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Northwest Bancshares by 0.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 34,971 shares of the company’s stock worth $519,000 after buying an additional 215 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Northwest Bancshares by 0.3% in the third quarter. Texas Permanent School Fund now owns 78,098 shares of the company’s stock worth $1,227,000 after buying an additional 218 shares during the last quarter. Commonwealth Equity Services Inc raised its stake in shares of Northwest Bancshares by 1.1% in the second quarter. Commonwealth Equity Services Inc now owns 20,207 shares of the company’s stock worth $300,000 after buying an additional 220 shares during the last quarter. Finally, Miles Capital Inc. raised its stake in shares of Northwest Bancshares by 1.5% in the second quarter. Miles Capital Inc. now owns 22,492 shares of the company’s stock worth $334,000 after buying an additional 325 shares during the last quarter. 67.59% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on NWBI shares. Keefe, Bruyette & Woods raised their target price on Northwest Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Tuesday, September 13th. FBR & Co raised their target price on Northwest Bancshares from $15.00 to $16.00 and gave the company a “mkt perform” rating in a report on Wednesday, October 26th. Finally, Zacks Investment Research upgraded Northwest Bancshares from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, October 28th.
Northwest Bancshares Company Profile
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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