Robeco Institutional Asset Management B.V. decreased its holdings in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 87.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,536 shares of the savings and loans company’s stock after selling 1,571,706 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.21% of Northwest Bancshares worth $3,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in NWBI. Glen Harbor Capital Management LLC lifted its holdings in Northwest Bancshares by 3.1% in the 1st quarter. Glen Harbor Capital Management LLC now owns 5,936 shares of the savings and loans company’s stock valued at $100,000 after purchasing an additional 176 shares in the last quarter. Tyers Asset Management LLC lifted its holdings in Northwest Bancshares by 3.1% in the 1st quarter. Tyers Asset Management LLC now owns 8,162 shares of the savings and loans company’s stock valued at $137,000 after purchasing an additional 242 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Northwest Bancshares in the 1st quarter valued at $140,000. SG Americas Securities LLC lifted its holdings in Northwest Bancshares by 32.9% in the 2nd quarter. SG Americas Securities LLC now owns 8,528 shares of the savings and loans company’s stock valued at $133,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its holdings in Northwest Bancshares by 3.1% in the 1st quarter. Flinton Capital Management LLC now owns 10,388 shares of the savings and loans company’s stock valued at $175,000 after purchasing an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 65.39% of the company’s stock.

In other news, Director Philip M. Tredway sold 13,560 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $16.13, for a total value of $218,722.80. The sale was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is owned by corporate insiders.

A number of research analysts have weighed in on the company. Zacks Investment Research lowered Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BidaskClub lowered Northwest Bancshares from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Finally, ValuEngine lowered Northwest Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a report on Thursday, May 11th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $16.60.

Northwest Bancshares, Inc. (NASDAQ:NWBI) opened at 15.66 on Monday. Northwest Bancshares, Inc. has a one year low of $14.95 and a one year high of $19.10. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 18.25 and a beta of 0.63. The firm has a 50-day moving average price of $15.72 and a 200-day moving average price of $16.25.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were given a $0.16 dividend. The ex-dividend date was Tuesday, August 1st. This represents a $0.64 annualized dividend and a dividend yield of 4.09%. Northwest Bancshares’s dividend payout ratio is currently 75.29%.

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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 segments include Community Banking and Consumer Finance.

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

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