Northwest Bancshares (NASDAQ:NWBI)‘s stock had its “hold” rating reiterated by analysts at Boenning Scattergood in a research report issued to clients and investors on Tuesday.

Several other research firms have also issued reports on NWBI. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 price target on shares of Northwest Bancshares in a research report on Sunday, October 8th. Zacks Investment Research lowered Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Finally, BidaskClub upgraded Northwest Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Northwest Bancshares has a consensus rating of “Hold” and a consensus price target of $17.25.

Shares of Northwest Bancshares (NASDAQ NWBI) traded up $0.26 on Tuesday, reaching $17.35. The company’s stock had a trading volume of 476,800 shares, compared to its average volume of 446,650. The company has a market cap of $1,770.00, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 1.68 and a beta of 0.63. 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 has a 52-week low of $14.95 and a 52-week high of $18.63.

Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings data on Monday, October 23rd. The savings and loans company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. Northwest Bancshares had a return on equity of 7.54% and a net margin of 20.59%. The firm had revenue of $107.83 million for the quarter, compared to analyst estimates of $106.63 million. equities analysts forecast that Northwest Bancshares will post 0.83 earnings per share for the current fiscal year.

In related news, EVP Gerald J. Ritzert sold 9,592 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $16.57, for a total transaction of $158,939.44. Following the sale, the executive vice president now owns 50,657 shares of the company’s stock, valued at approximately $839,386.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan P. Scalise sold 6,047 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $17.21, for a total value of $104,068.87. Following the sale, the executive vice president now directly owns 18,402 shares in the company, valued at approximately $316,698.42. The disclosure for this sale can be found here. Insiders sold a total of 25,639 shares of company stock worth $435,808 over the last 90 days. 2.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its stake in Northwest Bancshares by 12.5% during the 4th quarter. Acadian Asset Management LLC now owns 791,945 shares of the savings and loans company’s stock worth $13,250,000 after buying an additional 87,773 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Northwest Bancshares by 4.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 703,094 shares of the savings and loans company’s stock worth $11,763,000 after buying an additional 33,134 shares during the period. Algert Global LLC acquired a new stake in Northwest Bancshares during the 3rd quarter worth $205,000. Dean Investment Associates LLC acquired a new stake in shares of Northwest Bancshares in the 3rd quarter valued at about $1,100,000. Finally, California Public Employees Retirement System raised its stake in shares of Northwest Bancshares by 5.4% in the 3rd quarter. California Public Employees Retirement System now owns 331,705 shares of the savings and loans company’s stock valued at $5,729,000 after purchasing an additional 16,855 shares during the period. 64.51% of the stock is currently owned by institutional investors and hedge funds.

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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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