Denver Investment Advisors LLC decreased its holdings in Northwest Bancshares, Inc. (NASDAQ:NWBI) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 852,142 shares of the savings and loans company’s stock after selling 28,874 shares during the quarter. Denver Investment Advisors LLC owned about 0.83% of Northwest Bancshares worth $14,111,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. CNB Bank purchased a new position in shares of Northwest Bancshares in the fourth quarter valued at $105,000. Trexquant Investment LP purchased a new position in shares of Northwest Bancshares in the first quarter valued at $168,000. Raymond James & Associates purchased a new position in shares of Northwest Bancshares in the fourth quarter valued at $184,000. CIBC Asset Management Inc purchased a new position in shares of Northwest Bancshares in the fourth quarter valued at $228,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Northwest Bancshares in the fourth quarter valued at $261,000. Hedge funds and other institutional investors own 68.31% of the company’s stock.
Shares of Northwest Bancshares opened at $17.21 on Thursday, MarketBeat Ratings reports. Northwest Bancshares, Inc. has a fifty-two week low of $14.95 and a fifty-two week high of $17.78. The firm has a market capitalization of $1.76 billion, a PE ratio of 20.49, a PEG ratio of 2.46 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.01 and a quick ratio of 1.01.
Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings results on Monday, April 23rd. The savings and loans company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Northwest Bancshares had a return on equity of 7.78% and a net margin of 21.53%. The business had revenue of $103.56 million during the quarter, compared to analysts’ expectations of $106.47 million. sell-side analysts anticipate that Northwest Bancshares, Inc. will post 1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Investors of record on Thursday, May 3rd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Wednesday, May 2nd. Northwest Bancshares’s payout ratio is currently 80.95%.
NWBI has been the subject of a number of research analyst reports. Zacks Investment Research cut Northwest Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $17.00 price target on shares of Northwest Bancshares in a research report on Tuesday, February 27th. Finally, BidaskClub upgraded Northwest Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd.
In related news, Director Philip M. Tredway sold 5,714 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $17.18, for a total transaction of $98,166.52. Following the sale, the director now owns 21,888 shares of the company’s stock, valued at $376,035.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is owned by company insiders.
Northwest Bancshares 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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