November 28, 2016 - By Peter Erickson
It was revealed in a legally required document which was filled with the SEC that Steven Fisher, who works for Northwest Bancshares Inc, and holds the position of Sr. EVP-Chief Revenue Officer completed an insider sale on November 28, 2016. He made a sale of 1,000 shares of the stock exchange listed company which is calculated based on a stock price of $18.2 U.S. Dollars per share. As announced in the electronic form available here, the aggregate amount of the sale was $18,223 U.S. Dollars. Steven is trying to quietly decrease his company’s share, same as he did in the last 30 days. He unloaded another 19,096 shares worth $320,836 USD. The probability of this deal remaining unnoticed is super low, with the Sr. EVP-Chief Revenue Officer today holding 296,185 shares – that is 0.30% of the market cap of Northwest Bancshares Inc.
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 -15.63% below today’s ($18.17) stock price. Northwest Bancshares has been the topic of 5 analyst reports since September 22, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating by Wood given on Tuesday, September 13. The stock of Northwest Bancshares, Inc. (NASDAQ:NWBI) earned “Mkt Perform” rating by FBR Capital on Wednesday, October 26. The firm earned “Outperform” rating on Monday, May 2 by RBC Capital Markets. The stock of Northwest Bancshares, Inc. (NASDAQ:NWBI) earned “Hold” rating by Zacks on Tuesday, September 22. The stock of Northwest Bancshares, Inc. (NASDAQ:NWBI) has “Market Perform” rating given on Thursday, June 2 by FBR Capital.
Insitutional Activity: The institutional sentiment increased to 1.33 in Q2 2016. Its up 0.28, from 1.05 in 2016Q1. The ratio improved, 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.
California State Teachers Retirement System has invested 0.01% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI). Grantham Mayo Van Otterloo Ltd Limited Liability Company has 0.03% invested in the company for 473,171 shares. Proshare Advisors Ltd Limited Liability Company has 14,035 shares for 0% of their US portfolio. Hbk Sorce Advisory Lc reported 19,548 shares or 0.06% of all its holdings. Thrivent Fincl For Lutherans last reported 49,210 shares in the company. Texas Permanent School Fund accumulated 0.02% or 77,880 shares. Quantitative Systematic Strategies Lc holds 0.08% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 11,437 shares. Wells Fargo And Mn has invested 0% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI). Acadian Asset Mgmt Ltd Co holds 0.1% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 1.26 million shares. Schwab Charles Inv has 0.01% invested in the company for 493,769 shares. Public Employees Retirement Association Of Colorado last reported 44,852 shares in the company. Nationwide Fund Advsrs holds 0% or 76,154 shares in its portfolio. D E Shaw Inc accumulated 114,016 shares or 0% of the stock. Bancorp Of Montreal Can accumulated 0% or 23,447 shares. Great West Life Assurance Can has invested 0% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI).
Insider Transactions: Since June 14, 2016, the stock had 0 buys, and 9 selling transactions for $2.39 million net activity. $121,040 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) shares were sold by Young Andrew. $151,643 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) was sold by SMELKO MICHAEL G on Monday, August 1. 19,096 shares were sold by FISHER STEVEN G, worth $320,836. Another trade for 9,750 shares valued at $173,609 was sold by Tredway Philip M. Shares for $186,513 were sold by Ritzert Gerald J. Scalise Jonathan P had sold 8,720 shares worth $156,812. WESTERBURG DAVID E also sold $776,152 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) shares.
About 580,966 shares traded hands or 4.19% up from the average. Northwest Bancshares, Inc. (NASDAQ:NWBI) has risen 34.38% since April 25, 2016 and is uptrending. It has outperformed by 28.37% the S&P500.
Northwest Bancshares, Inc. is a savings and loan holding company. The company has a market cap of $1.85 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 43.93 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.”
Analysts await Northwest Bancshares, Inc. (NASDAQ:NWBI) to report earnings on January, 23. They expect $0.25 earnings per share, up 56.25% or $0.09 from last year’s $0.16 per share. NWBI’s profit will be $25.45M for 18.17 P/E if the $0.25 EPS becomes a reality. After $0.22 actual earnings per share reported by Northwest Bancshares, Inc. for the previous quarter, Wall Street now forecasts 13.64% EPS growth.
More 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 published the news titled: “Northwest Bancshares, Inc. to Acquire $1.7 Billion in Deposits and 18 First ..” on April 28, 2016. Prnewswire.com‘s news article titled: “Northwest Bancshares, Inc. Announces Third Quarter 2016 Earnings and Quarterly ..” with publication date: October 24, 2016 was also an interesting one.
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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