Public Employees Retirement System of Ohio raised its holdings in Northwest Bancshares, Inc. (NASDAQ:NWBI) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,284 shares of the savings and loans company’s stock after purchasing an additional 180 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Northwest Bancshares were worth $114,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in Northwest Bancshares by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 8,574,522 shares of the savings and loans company’s stock valued at $133,848,000 after purchasing an additional 367,413 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Northwest Bancshares by 27.9% in the second quarter. Renaissance Technologies LLC now owns 2,644,554 shares of the savings and loans company’s stock valued at $41,281,000 after purchasing an additional 576,154 shares during the last quarter. State Street Corp boosted its holdings in Northwest Bancshares by 3.8% in the second quarter. State Street Corp now owns 2,516,857 shares of the savings and loans company’s stock valued at $39,287,000 after purchasing an additional 93,063 shares during the last quarter. Northern Trust Corp boosted its holdings in Northwest Bancshares by 3.3% in the second quarter. Northern Trust Corp now owns 2,449,958 shares of the savings and loans company’s stock valued at $38,243,000 after purchasing an additional 78,768 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Northwest Bancshares by 13.4% in the second quarter. First Trust Advisors LP now owns 1,527,891 shares of the savings and loans company’s stock valued at $23,850,000 after purchasing an additional 180,318 shares during the last quarter. 64.03% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 price objective on shares of Northwest Bancshares in a research report on Sunday, October 8th. Zacks Investment Research downgraded shares of Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Northwest Bancshares in a research report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Northwest Bancshares currently has a consensus rating of “Hold” and an average target price of $16.67.

In related news, EVP Jonathan P. Scalise sold 6,047 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $17.21, for a total transaction of $104,068.87. Following the completion of the transaction, the executive vice president now owns 18,402 shares in the company, valued at approximately $316,698.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew Young sold 5,625 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $16.18, for a total transaction of $91,012.50. Following the transaction, the executive vice president now owns 60,254 shares of the company’s stock, valued at approximately $974,909.72. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Northwest Bancshares, Inc. (NWBI) opened at $16.03 on Monday. The firm has a market cap of $1,645.01, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.90 and a beta of 0.64. Northwest Bancshares, Inc. has a 1 year low of $14.95 and a 1 year high of $19.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.99 and a quick ratio of 0.99.

Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings data on Monday, October 23rd. The savings and loans company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $107.83 million during the quarter, compared to the consensus estimate of $106.63 million. Northwest Bancshares had a net margin of 20.59% and a return on equity of 7.54%. sell-side analysts expect that Northwest Bancshares, Inc. will post 0.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd were given a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.99%. Northwest Bancshares’s dividend payout ratio (DPR) is currently 68.09%.

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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 segments include Community Banking and Consumer Finance.

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Institutional Ownership by Quarter for Northwest Bancshares (NASDAQ:NWBI)

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