NASDAQ:NWBI - Get Free Report ) EVP Devin T. Cygnar sold 3,843 shares of the firm's stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $11.08, for a total transaction of $42,580.44. Following the completion of the transaction, the executive vice president now owns 11,823 shares of the company's stock, valued at approximately $130,998.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink .
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Northwest Bancshares Trading Up 0.3 % NWBI stock traded up $0.03 during midday trading on Wednesday, hitting $11.11. The stock had a trading volume of 367,196 shares, compared to its average volume of 793,953. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average price of $11.15 and a two-hundred day moving average price of $11.54. Northwest Bancshares, Inc. has a 1-year low of $9.80 and a 1-year high of $13.07. The firm has a market cap of $1.41 billion, a P/E ratio of 10.79 and a beta of 0.62.
Northwest Bancshares (NASDAQ:NWBI - Get Free Report ) last announced its quarterly earnings data on Monday, April 22nd. The savings and loans company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. The company had revenue of $188.20 million for the quarter, compared to the consensus estimate of $132.80 million. Northwest Bancshares had a return on equity of 8.77% and a net margin of 17.84%. On average, sell-side analysts predict that Northwest Bancshares, Inc. will post 0.92 earnings per share for the current fiscal year.
Northwest Bancshares Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, May 2nd will be paid a $0.20 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $0.80 annualized dividend and a dividend yield of 7.20%. Northwest Bancshares's dividend payout ratio is currently 77.67%.
Institutional Inflows and Outflows Institutional investors have recently modified their holdings of the stock. CWM LLC increased its stake in Northwest Bancshares by 164.6% in the fourth quarter. CWM LLC now owns 4,918 shares of the savings and loans company's stock valued at $61,000 after purchasing an additional 3,059 shares in the last quarter. International Assets Investment Management LLC increased its position in Northwest Bancshares by 1,148.0% in the 4th quarter. International Assets Investment Management LLC now owns 5,092 shares of the savings and loans company's stock valued at $64,000 after buying an additional 4,684 shares in the last quarter. IVC Wealth Advisors LLC bought a new stake in Northwest Bancshares in the 1st quarter valued at about $124,000. Kestra Private Wealth Services LLC acquired a new position in Northwest Bancshares during the 3rd quarter worth approximately $125,000. Finally, First Merchants Corp bought a new position in Northwest Bancshares in the fourth quarter worth approximately $126,000. Institutional investors and hedge funds own 66.32% of the company's stock.
Analyst Upgrades and Downgrades A number of analysts recently weighed in on NWBI shares. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $12.00 target price (down from $13.00) on shares of Northwest Bancshares in a research report on Tuesday, April 23rd. Piper Sandler decreased their price target on Northwest Bancshares from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Tuesday, April 23rd.
Check Out Our Latest Research Report on Northwest Bancshares
About Northwest Bancshares (
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Northwest Bancshares, Inc operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts.
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