Zacks Investment Research cut shares of Northwest Bancshares (NASDAQ:NWBI) from a hold rating to a sell rating in a report released on Wednesday.

According to Zacks, “Northwest Bancorp, Inc. is a bank holding company whose sole activity is the ownership of all of the issued and outstanding common stock of Northwest Savings Bank and the majority ownership of Jamestown Savings Bank. Northwest Savings Bank is a stock savings bank. The bank is a community-oriented institution offering traditional deposit and loan products, and through its subsidiaries, consumer finance services. “

Separately, BidaskClub lowered Northwest Bancshares from a strong-buy rating to a buy rating in a research report on Friday, November 30th.

Shares of NASDAQ NWBI opened at $17.30 on Wednesday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.38 and a beta of 0.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 1.02. Northwest Bancshares has a 52-week low of $15.50 and a 52-week high of $18.81.

Northwest Bancshares (NASDAQ:NWBI) last announced its earnings results on Tuesday, January 22nd. The savings and loans company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $110.08 million during the quarter, compared to analysts’ expectations of $109.58 million. Northwest Bancshares had a net margin of 22.57% and a return on equity of 8.54%. Analysts predict that Northwest Bancshares will post 1.05 earnings per share for the current fiscal year.

In other news, VP Julia W. Mctavish sold 9,810 shares of the company’s stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $17.89, for a total transaction of $175,500.90. Following the sale, the vice president now owns 74,752 shares of the company’s stock, valued at $1,337,313.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shawn O. Walker sold 1,780 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $18.68, for a total value of $33,250.40. Following the sale, the executive vice president now directly owns 35,412 shares in the company, valued at approximately $661,496.16. The disclosure for this sale can be found here. In the last three months, insiders sold 50,800 shares of company stock worth $913,355. 1.40% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its holdings in Northwest Bancshares by 13.9% in the fourth quarter. Bank of Montreal Can now owns 5,588 shares of the savings and loans company’s stock valued at $94,000 after buying an additional 683 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Northwest Bancshares in the fourth quarter valued at $188,000. HRT Financial LLC purchased a new position in Northwest Bancshares in the fourth quarter valued at $215,000. Verity & Verity LLC increased its holdings in Northwest Bancshares by 15.6% in the fourth quarter. Verity & Verity LLC now owns 15,720 shares of the savings and loans company’s stock valued at $266,000 after buying an additional 2,125 shares during the last quarter. Finally, Magnus Financial Group LLC purchased a new position in Northwest Bancshares in the fourth quarter valued at $303,000. 73.26% of the stock is currently owned by hedge funds and other institutional investors.

Northwest Bancshares Company Profile

Northwest Bancshares, Inc operates as a holding company for Northwest Bank that offers various personal and business banking solutions. The company accepts various deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts. Its loan products include one-to-four family residential real estate, short-term consumer, multi-family residential and commercial real estate, commercial business, and residential mortgage loans; home equity lines of credit; and consumer loans comprising automobile, sales finance, unsecured personal, and credit card loans, as well as loans secured by deposit accounts.

See Also: Consumer Price Index (CPI)

Get a free copy of the Zacks research report on Northwest Bancshares (NWBI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Northwest Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.