Northwest Bancshares, Inc. (NWBI) Shares Bought by Neuburgh Advisers LLC

Neuburgh Advisers LLC grew its stake in Northwest Bancshares, Inc. (NASDAQ:NWBI) by 22.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,988 shares of the savings and loans company’s stock after acquiring an additional 5,440 shares during the period. Neuburgh Advisers LLC’s holdings in Northwest Bancshares were worth $496,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NWBI. Schwab Charles Investment Management Inc. grew its stake in Northwest Bancshares by 4.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 703,094 shares of the savings and loans company’s stock worth $11,763,000 after acquiring an additional 33,134 shares in the last quarter. Acadian Asset Management LLC grew its stake in Northwest Bancshares by 12.5% in the 4th quarter. Acadian Asset Management LLC now owns 791,945 shares of the savings and loans company’s stock worth $13,250,000 after acquiring an additional 87,773 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Northwest Bancshares by 185.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 503,919 shares of the savings and loans company’s stock worth $8,431,000 after acquiring an additional 327,659 shares in the last quarter. Engineers Gate Manager LP grew its stake in Northwest Bancshares by 15.1% in the 4th quarter. Engineers Gate Manager LP now owns 53,220 shares of the savings and loans company’s stock worth $890,000 after acquiring an additional 6,992 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Northwest Bancshares by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 70,886 shares of the savings and loans company’s stock worth $1,186,000 after acquiring an additional 4,301 shares in the last quarter. Institutional investors and hedge funds own 68.31% of the company’s stock.

In other news, Director Philip M. Tredway sold 5,714 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $17.18, for a total value of $98,166.52. Following the completion of the sale, the director now owns 21,888 shares of the company’s stock, valued at approximately $376,035.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Shares of NWBI opened at $16.95 on Monday. Northwest Bancshares, Inc. has a fifty-two week low of $14.95 and a fifty-two week high of $17.78. The company has a market capitalization of $1.74 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 2.43 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.01 and a quick ratio of 1.01.

Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings results on Monday, April 23rd. The savings and loans company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Northwest Bancshares had a net margin of 21.53% and a return on equity of 7.78%. The firm had revenue of $103.56 million during the quarter, compared to analysts’ expectations of $106.47 million. equities analysts expect that Northwest Bancshares, Inc. will post 1 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 17th. Stockholders of record on Thursday, May 3rd were given a $0.17 dividend. The ex-dividend date was Wednesday, May 2nd. This represents a $0.68 annualized dividend and a dividend yield of 4.01%. Northwest Bancshares’s payout ratio is presently 80.95%.

Several equities research analysts have recently weighed in on NWBI shares. BidaskClub raised shares of Northwest Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $17.00 price target on shares of Northwest Bancshares in a research report on Tuesday, February 27th. Zacks Investment Research cut shares of Northwest Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Northwest Bancshares in a research report on Tuesday, January 23rd.

Northwest Bancshares Company Profile

Northwest Bancshares, Inc operates as a bank holding company for Northwest Savings Bank that offers various personal and business banking solutions in the United States. The company offers personal and business deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts.

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

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