November 23, 2016 - By Winifred Garcia
Mr. Philip Tredway, the crucial director at Northwest Bancshares Inc has recently been linked with a transaction of 9,750 shares of the corporation, valued at $17.8 per share. The sell was worth of $173,609 US Dollars. More details about the trade dated 22/11/2016, could be found available for a free review in a legally required form on the SEC website here. This transaction decreased his ownership of the Company to 0.04% total market capitalization or 39,134 shares.
Out of 4 analysts covering Northwest Bancshares (NASDAQ:NWBI), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $16 is the highest target while $15 is the lowest. The $15.33 average target is -15.77% below today’s ($18.2) stock price. Northwest Bancshares has been the topic of 5 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Wood maintained Northwest Bancshares, Inc. (NASDAQ:NWBI) on Tuesday, September 13 with “Market Perform” rating. The stock of Northwest Bancshares, Inc. (NASDAQ:NWBI) has “Mkt Perform” rating given on Wednesday, October 26 by FBR Capital. The firm earned “Outperform” rating on Monday, May 2 by RBC Capital Markets. The firm earned “Hold” rating on Tuesday, September 22 by Zacks. The rating was initiated by FBR Capital on Thursday, June 2 with “Market Perform”.
Insitutional Activity: The institutional sentiment increased to 1.33 in Q2 2016. Its up 0.28, from 1.05 in 2016Q1. The ratio is positive, as 12 funds sold all Northwest Bancshares, Inc. shares owned while 50 reduced positions. 11 funds bought stakes while 54 increased positions. They now own 65.10 million shares or 1.22% less from 65.90 million shares in 2016Q1.
Guggenheim Cap Limited Liability Corp last reported 0% of its portfolio in the stock. Retail Bank Of Montreal Can last reported 0% of its portfolio in the stock. Airain Ltd accumulated 11,952 shares or 0.01% of the stock. Keybank Association Oh accumulated 0% or 14,300 shares. Moreover, Vanguard Group Incorporated has 0.01% invested in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 7.93M shares. Concert Wealth accumulated 88,141 shares or 0.18% of the stock. Kcg reported 20,230 shares or 0.01% of all its holdings. The New York-based Citigroup Inc has invested 0.01% in Northwest Bancshares, Inc. (NASDAQ:NWBI). The New York-based Ny State Common Retirement Fund has invested 0% in Northwest Bancshares, Inc. (NASDAQ:NWBI). Pinebridge Invs Lp holds 0.01% or 12,917 shares in its portfolio. Ubs Asset Mngmt Americas has invested 0% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI). Asset Mngmt Inc has 89,410 shares for 0.02% of their US portfolio. California Employees Retirement Sys reported 390,550 shares or 0.01% of all its holdings. Sei reported 16,493 shares or 0% of all its holdings. Teacher Retirement Sys Of Texas holds 0.01% or 88,822 shares in its portfolio.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 8 selling transactions for $2.21 million net activity. 10,125 Northwest Bancshares, Inc. (NASDAQ:NWBI) shares with value of $151,643 were sold by SMELKO MICHAEL G. Shares for $335,089 were sold by McTavish Julia W. The insider Ritzert Gerald J sold $186,513. On Wednesday, May 25 HARVEY WILLIAM W sold $191,095 worth of the stock or 12,937 shares. Another trade for 8,425 shares valued at $121,040 was sold by Young Andrew. On Thursday, November 10 FISHER STEVEN G sold $320,836 worth of the stock or 19,096 shares. On Monday, November 14 Scalise Jonathan P sold $156,812 worth of the stock or 8,720 shares.
The stock increased 1.96% or $0.35 during the last trading session, hitting $18.2. About 473,844 shares traded hands. Northwest Bancshares, Inc. (NASDAQ:NWBI) has risen 30.10% since April 20, 2016 and is uptrending. It has outperformed by 25.55% the S&P500.
Northwest Bancshares, Inc. is a savings and loan holding company. The company has a market cap of $1.82 billion. 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. It has a 44.02 P/E ratio. The Company’s subsidiary, Northwest Bank, is a Pennsylvania-chartered stock savings bank.
According to Zacks Investment Research, “Northwest Bancorp, Inc. is a bank holding company whose sole activity is the ownership of all of the issued and outstanding common stock of Northwest Savings Bank and the majority ownership of Jamestown Savings Bank. Northwest Savings Bank is a stock savings bank. The bank is a community-oriented institution offering traditional deposit and loan products, and through its subsidiaries, consumer finance services.”
More notable recent Northwest Bancshares, Inc. (NASDAQ:NWBI) news were published by: Prnewswire.com which released: “Northwest Bancshares, Inc. Completes Merger with LNB Bancorp, Inc.” on August 14, 2015, also Prnewswire.com with their article: “Northwest Bancshares, Inc. Announces Third Quarter 2016 Earnings and Quarterly ..” published on October 24, 2016, Prnewswire.com published: “Northwest Bancshares, Inc. to Acquire $1.7 Billion in Deposits and 18 First ..” on April 28, 2016. More interesting news about Northwest Bancshares, Inc. (NASDAQ:NWBI) were released by: Prnewswire.com and their article: “Northwest Bancshares, Inc. Selects Robert Campana To Serve As Director ..” published on July 16, 2015 as well as Crainscleveland.com‘s news article titled: “Lorain National Bank president Daniel Klimas to leave after Northwest ..” with publication date: July 14, 2015.
Northwest Bancshares, Inc. (Northwest), incorporated on September 8, 2009, 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. The Company’s subsidiary, Northwest Bank, is a Pennsylvania-chartered stock savings bank. Northwest Bank is a community-oriented financial institution, offering personal and business banking solutions, investment management and trust services and insurance products. Through a subsidiary, Northwest Consumer Discount Company, it also offers consumer finance loans.
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