Susquehanna International Group LLP Acquires 91,237 Shares of Northwest Bancshares, Inc. (NWBI)

Susquehanna International Group LLP increased its stake in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 543.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 108,037 shares of the savings and loans company’s stock after acquiring an additional 91,237 shares during the period. Susquehanna International Group LLP owned 0.11% of Northwest Bancshares worth $1,686,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Northwest Bancshares by 52,513.7% in the 1st quarter. BlackRock Inc. now owns 12,529,950 shares of the savings and loans company’s stock worth $211,005,000 after acquiring an additional 12,506,135 shares during the period. Vanguard Group Inc. lifted its position in shares of Northwest Bancshares by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 9,155,426 shares of the savings and loans company’s stock worth $154,177,000 after acquiring an additional 478,726 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Northwest Bancshares by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,574,522 shares of the savings and loans company’s stock worth $133,848,000 after acquiring an additional 367,413 shares during the period. Renaissance Technologies LLC lifted its position in shares of Northwest Bancshares by 27.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,644,554 shares of the savings and loans company’s stock worth $41,281,000 after acquiring an additional 576,154 shares during the period. Finally, State Street Corp lifted its position in shares of Northwest Bancshares by 3.8% in the 2nd quarter. State Street Corp now owns 2,516,857 shares of the savings and loans company’s stock worth $39,287,000 after acquiring an additional 93,063 shares during the period. 65.35% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Susquehanna International Group LLP Acquires 91,237 Shares of Northwest Bancshares, Inc. (NWBI)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://ledgergazette.com/2017/10/21/northwest-bancshares-inc-nwbi-shares-bought-by-susquehanna-international-group-llp.html.

Shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) traded up 0.46% during trading on Friday, reaching $17.66. The company’s stock had a trading volume of 409,438 shares. Northwest Bancshares, Inc. has a 52-week low of $14.95 and a 52-week high of $19.10. The company has a market cap of $1.81 billion, a PE ratio of 20.58 and a beta of 0.65. The firm’s 50-day moving average is $16.79 and its 200 day moving average is $16.08.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings data on Monday, July 24th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Northwest Bancshares had a net margin of 18.91% and a return on equity of 7.45%. The company had revenue of $124.21 million during the quarter, compared to the consensus estimate of $116.82 million. On average, equities research analysts predict that Northwest Bancshares, Inc. will post $0.93 EPS for the current fiscal year.

In other Northwest Bancshares news, Director Philip M. Tredway sold 13,560 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $16.13, for a total value of $218,722.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Young sold 5,625 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $16.18, for a total transaction of $91,012.50. Following the completion of the sale, the executive vice president now directly owns 60,254 shares of the company’s stock, valued at $974,909.72. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

NWBI has been the subject of several analyst reports. BidaskClub downgraded Northwest Bancshares from a “sell” rating to a “strong sell” rati

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Northwest Bancshares by 52,513.7% in the 1st quarter. BlackRock Inc. now owns 12,529,950 shares of the savings and loans company’s stock worth $211,005,000 after acquiring an additional 12,506,135 shares during the period. Vanguard Group Inc. lifted its position in shares of Northwest Bancshares by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 9,155,426 shares of the savings and loans company’s stock worth $154,177,000 after acquiring an additional 478,726 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Northwest Bancshares by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,574,522 shares of the savings and loans company’s stock worth $133,848,000 after acquiring an additional 367,413 shares during the period. Renaissance Technologies LLC lifted its position in shares of Northwest Bancshares by 27.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,644,554 shares of the savings and loans company’s stock worth $41,281,000 after acquiring an additional 576,154 shares during the period. Finally, State Street Corp lifted its position in shares of Northwest Bancshares by 3.8% in the 2nd quarter. State Street Corp now owns 2,516,857 shares of the savings and loans company’s stock worth $39,287,000 after acquiring an additional 93,063 shares during the period. 65.35% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Susquehanna International Group LLP Acquires 91,237 Shares of Northwest Bancshares, Inc. (NWBI)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://ledgergazette.com/2017/10/21/northwest-bancshares-inc-nwbi-shares-bought-by-susquehanna-international-group-llp.html.

Shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) traded up 0.46% during trading on Friday, reaching $17.66. The company’s stock had a trading volume of 409,438 shares. Northwest Bancshares, Inc. has a 52-week low of $14.95 and a 52-week high of $19.10. The company has a market cap of $1.81 billion, a PE ratio of 20.58 and a beta of 0.65. The firm’s 50-day moving average is $16.79 and its 200 day moving average is $16.08.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings data on Monday, July 24th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Northwest Bancshares had a net margin of 18.91% and a return on equity of 7.45%. The company had revenue of $124.21 million during the quarter, compared to the consensus estimate of $116.82 million. On average, equities research analysts predict that Northwest Bancshares, Inc. will post $0.93 EPS for the current fiscal year.

In other Northwest Bancshares news, Director Philip M. Tredway sold 13,560 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $16.13, for a total value of $218,722.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Young sold 5,625 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $16.18, for a total transaction of $91,012.50. Following the completion of the sale, the executive vice president now directly owns 60,254 shares of the company’s stock, valued at $974,909.72. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

NWBI has been the subject of several analyst reports. BidaskClub downgraded Northwest Bancshares from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded Northwest Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $16.00 target price on shares of Northwest Bancshares in a research report on Sunday, October 8th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.50.

Northwest Bancshares 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.

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

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