Steven G. Fisher Sells 1,000 Shares of Northwest Bancshares Inc. (NWBI) Stock
Northwest Bancshares Inc. (NASDAQ:NWBI) EVP Steven G. Fisher sold 1,000 shares of Northwest Bancshares stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $18.22, for a total value of $18,220.00. Following the completion of the sale, the executive vice president now owns 147,488 shares of the company’s stock, valued at $2,687,231.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Northwest Bancshares Inc. (NASDAQ:NWBI) opened at 18.18 on Wednesday. Northwest Bancshares Inc. has a one year low of $11.77 and a one year high of $18.38. The company has a market capitalization of $1.84 billion, a P/E ratio of 44.34 and a beta of 0.55. The firm has a 50-day moving average of $16.43 and a 200-day moving average of $15.36.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Thursday, November 3rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, November 1st. Northwest Bancshares’s dividend payout ratio is presently 146.35%.
Several analysts recently weighed in on NWBI shares. Keefe, Bruyette & Woods lifted their price objective on Northwest Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Tuesday, September 13th. FBR & Co boosted their target price on shares of Northwest Bancshares from $15.00 to $16.00 and gave the stock a “mkt perform” rating in a report on Wednesday, October 26th. Finally, Zacks Investment Research upgraded shares of Northwest Bancshares from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, October 28th.
Several institutional investors have recently added to or reduced their stakes in NWBI. Vantage Investment Advisors LLC boosted its position in Northwest Bancshares by 30.6% in the third quarter. Vantage Investment Advisors LLC now owns 7,994 shares of the company’s stock worth $126,000 after buying an additional 1,875 shares in the last quarter. Creative Planning boosted its position in Northwest Bancshares by 12.8% in the third quarter. Creative Planning now owns 8,449 shares of the company’s stock worth $133,000 after buying an additional 959 shares in the last quarter. GW Henssler & Associates Ltd. acquired a new position in Northwest Bancshares during the second quarter worth $155,000. Quantitative Systematic Strategies LLC acquired a new position in Northwest Bancshares during the second quarter worth $164,000. Finally, Amalgamated Bank boosted its position in Northwest Bancshares by 5.5% in the second quarter. Amalgamated Bank now owns 11,493 shares of the company’s stock worth $174,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 67.59% of the company’s stock.
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 subsidiary, Northwest Bank, is a Pennsylvania-chartered stock savings bank.
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