Mascoma Wealth Management LLC grew its position in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 15.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,755 shares of the savings and loans company’s stock after purchasing an additional 3,150 shares during the period. Mascoma Wealth Management LLC’s holdings in Northwest Bancshares were worth $403,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Northwest Bancshares by 2.6% in the fourth quarter. BlackRock Inc. now owns 15,127,626 shares of the savings and loans company’s stock valued at $256,260,000 after acquiring an additional 388,953 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Northwest Bancshares by 1.7% in the third quarter. Vanguard Group Inc now owns 9,931,921 shares of the savings and loans company’s stock valued at $172,021,000 after acquiring an additional 163,989 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Northwest Bancshares by 1.7% in the third quarter. Vanguard Group Inc. now owns 9,931,921 shares of the savings and loans company’s stock valued at $172,021,000 after acquiring an additional 163,989 shares in the last quarter. First Trust Advisors LP increased its holdings in Northwest Bancshares by 5.6% in the fourth quarter. First Trust Advisors LP now owns 1,816,577 shares of the savings and loans company’s stock valued at $30,773,000 after buying an additional 96,684 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Northwest Bancshares by 5.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,774,327 shares of the savings and loans company’s stock valued at $30,037,000 after buying an additional 85,906 shares during the last quarter. Institutional investors own 74.22% of the company’s stock.

NASDAQ:NWBI traded up $0.18 during trading hours on Tuesday, hitting $17.30. The company’s stock had a trading volume of 11,118 shares, compared to its average volume of 549,113. The firm has a market capitalization of $1.78 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 2.34 and a beta of 0.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.00 and a quick ratio of 1.02. Northwest Bancshares, Inc. has a 52-week low of $15.50 and a 52-week high of $18.81.

Northwest Bancshares (NASDAQ:NWBI) last posted its earnings results on Wednesday, April 17th. The savings and loans company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $109.64 million during the quarter, compared to analysts’ expectations of $110.59 million. Northwest Bancshares had a net margin of 22.08% and a return on equity of 8.48%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. As a group, equities analysts anticipate that Northwest Bancshares, Inc. will post 1.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Wednesday, May 1st. Northwest Bancshares’s dividend payout ratio (DPR) is presently 70.59%.

Several equities analysts recently commented on the company. Zacks Investment Research lowered Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. BidaskClub raised Northwest Bancshares from a “strong sell” rating to a “sell” rating in a report on Thursday, March 28th.

In related news, VP Julia W. Mctavish sold 9,810 shares of the firm’s stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $17.89, for a total value of $175,500.90. Following the completion of the sale, the vice president now owns 74,752 shares in the company, valued at $1,337,313.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Shawn O. Walker sold 1,780 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $18.68, for a total transaction of $33,250.40. Following the completion of the sale, the executive vice president now owns 35,412 shares of the company’s stock, valued at approximately $661,496.16. The disclosure for this sale can be found here. Insiders sold 50,800 shares of company stock worth $913,355 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

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Northwest Bancshares Company Profile

Northwest Bancshares, Inc is a holding company. It offers personal & business banking products including employee benefits, investment management services, insurance and trust. It engages in collecting deposits and making loans secured by various types of collateral, including real estate and other assets.

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

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