Northwest Bancshares, Inc. (NASDAQ:NWBI) EVP Gerald J. Ritzert sold 10,800 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $16.57, for a total transaction of $178,956.00. Following the transaction, the executive vice president now owns 45,857 shares in the company, valued at $759,850.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Northwest Bancshares, Inc. (NASDAQ:NWBI) opened at $16.63 on Friday. The firm has a market cap of $1,707.70, a PE ratio of 19.56, a P/E/G ratio of 1.61 and a beta of 0.64. Northwest Bancshares, Inc. has a 52-week low of $14.95 and a 52-week high of $18.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.00 and a current ratio of 1.00.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings results on Monday, January 22nd. The savings and loans company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $107.15 million for the quarter, compared to analyst estimates of $108.15 million. Northwest Bancshares had a net margin of 20.11% and a return on equity of 7.23%. analysts anticipate that Northwest Bancshares, Inc. will post 1.03 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, January 31st. This is a positive change from Northwest Bancshares’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 4.09%. Northwest Bancshares’s payout ratio is presently 73.91%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its stake in Northwest Bancshares by 2.5% during the second quarter. Public Employees Retirement System of Ohio now owns 7,284 shares of the savings and loans company’s stock worth $114,000 after purchasing an additional 180 shares during the period. Shelton Capital Management purchased a new position in Northwest Bancshares during the second quarter worth about $158,000. Clinton Group Inc. purchased a new position in Northwest Bancshares during the second quarter worth about $160,000. Coldstream Capital Management Inc. purchased a new position in Northwest Bancshares during the second quarter worth about $161,000. Finally, Algert Global LLC purchased a new position in Northwest Bancshares during the third quarter worth about $205,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.

NWBI has been the topic of a number of recent research reports. Boenning Scattergood restated a “hold” rating on shares of Northwest Bancshares in a research report on Tuesday, October 24th. BidaskClub upgraded shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research lowered shares of Northwest Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Northwest Bancshares has an average rating of “Hold” and a consensus target price of $17.25.

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About Northwest Bancshares

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.

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