BidaskClub upgraded shares of Northwest Bancshares (NASDAQ:NWBI) from a sell rating to a hold rating in a research note published on Saturday morning.

Several other equities analysts have also issued reports on NWBI. Zacks Investment Research raised Northwest Bancshares from a hold rating to a buy rating and set a $20.00 target price for the company in a report on Wednesday, June 20th. Boenning Scattergood reaffirmed a hold rating on shares of Northwest Bancshares in a report on Wednesday, June 13th.

Shares of Northwest Bancshares stock opened at $17.93 on Friday. The company has a market capitalization of $1.88 billion, a PE ratio of 21.35, a P/E/G ratio of 2.56 and a beta of 0.69. Northwest Bancshares has a 52 week low of $15.34 and a 52 week high of $18.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.00 and a quick ratio of 1.00.

Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings data on Thursday, July 26th. The savings and loans company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The firm had revenue of $108.34 million during the quarter, compared to the consensus estimate of $108.20 million. Northwest Bancshares had a return on equity of 8.06% and a net margin of 21.20%. equities research analysts predict that Northwest Bancshares will post 1.01 earnings per share for the current fiscal year.

In other news, insider William J. Wagner sold 21,816 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $18.43, for a total value of $402,068.88. Following the completion of the transaction, the insider now directly owns 100,874 shares of the company’s stock, valued at $1,859,107.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas J. Townsend sold 10,500 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $18.40, for a total value of $193,200.00. Following the completion of the transaction, the executive vice president now directly owns 24,100 shares of the company’s stock, valued at $443,440. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 290,415 shares of company stock valued at $5,250,731. 2.20% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in Northwest Bancshares by 6.4% during the second quarter. Northern Trust Corp now owns 2,593,674 shares of the savings and loans company’s stock valued at $45,104,000 after purchasing an additional 156,794 shares during the period. Bank of America Corp DE grew its holdings in Northwest Bancshares by 12.0% during the second quarter. Bank of America Corp DE now owns 239,039 shares of the savings and loans company’s stock valued at $4,157,000 after purchasing an additional 25,579 shares during the period. Laurion Capital Management LP bought a new position in Northwest Bancshares during the second quarter valued at $652,000. Itau Unibanco Holding S.A. bought a new position in Northwest Bancshares during the second quarter valued at $112,000. Finally, Ontario Teachers Pension Plan Board bought a new position in Northwest Bancshares during the second quarter valued at $408,000. 70.33% of the stock is owned by institutional investors.

Northwest Bancshares Company Profile

Northwest Bancshares, Inc operates as a bank holding company for Northwest Savings Bank that offers various personal and business banking solutions in the United States. The company offers personal and business deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts.

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