November 30, 2016 - By Linda Rogers
Richard Laws, an insider and also EVP Chief Legal Counsel of the well-known company Northwest Bancshares Inc made trade. He made a sale of 8,682 shares of the company with the sale valued at $158,073 U.S Dollars – based on an avg price of $18.2 for a share. Richard Laws right now has in hand 16,347 shares which are roughly 0.02% of the Pennsylvania-Company’s market cap (total dollar market value of all company’s outstanding shares). The trade was dated November 30, 2016 and was revealed in a document filed with the SEC. The document is obtainable for free here.
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 rating was downgraded by Zacks to “Hold” on Tuesday, September 22. The stock has “Market Perform” rating given by FBR Capital on Thursday, June 2. The stock of Northwest Bancshares, Inc. (NASDAQ:NWBI) earned “Market Perform” rating by Wood on Tuesday, September 13. FBR Capital maintained the stock with “Mkt Perform” rating in Wednesday, October 26 report. The rating was maintained by RBC Capital Markets on Monday, May 2 with “Outperform”.
Insitutional Activity: The institutional sentiment increased to 1.33 in Q2 2016. Its up 0.28, from 1.05 in 2016Q1. The ratio increased, 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.
Pnc Fincl Group has 210,901 shares for 0% of their US portfolio. Jpmorgan Chase And Com has invested 0% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI). The Ontario – Canada-based Royal Bank Of Canada has invested 0% in Northwest Bancshares, Inc. (NASDAQ:NWBI). Waratah Capital Advisors Limited has invested 0.03% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI). Moreover, Tiaa Cref Invest Management Limited Co has 0% invested in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 294,724 shares. Cambridge Investment Research Advsr has 34,971 shares for 0.01% of their US portfolio. Airain Limited accumulated 11,952 shares or 0.01% of the stock. First Tru Advsrs L P has 1.06 million shares for 0.05% of their US portfolio. Emerald Advisers Pa holds 0.14% or 198,567 shares in its portfolio. Geode Cap Mgmt Limited Liability Corp has invested 0.01% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI). Profund Advisors Limited Liability last reported 32,964 shares in the company. Moreover, Louisiana State Employees Retirement has 0.04% invested in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 45,100 shares. State Of Tennessee Treasury Department holds 80,702 shares or 0.01% of its portfolio. Zacks Investment last reported 0.06% of its portfolio in the stock. Capital Fund Mgmt accumulated 74,092 shares or 0.01% of the stock.
Insider Transactions: Since June 14, 2016, the stock had 0 buys, and 10 sales for $2.40 million net activity. $121,040 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) shares were sold by Young Andrew. On Thursday, November 10 FISHER STEVEN G sold $320,836 worth of the stock or 19,096 shares. Ritzert Gerald J sold $186,513 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) on Tuesday, November 15. Shares for $151,643 were sold by SMELKO MICHAEL G. On Monday, November 14 Scalise Jonathan P sold $156,812 worth of the stock or 8,720 shares. HARVEY WILLIAM W had sold 9,286 shares worth $164,788 on Tuesday, November 15. The insider McTavish Julia W sold 18,717 shares worth $335,089.
About 212,436 shares traded hands. Northwest Bancshares, Inc. (NASDAQ:NWBI) has risen 33.09% since April 27, 2016 and is uptrending. It has outperformed by 27.86% the S&P500.
Northwest Bancshares, Inc. is a savings and loan holding company. The company has a market cap of $1.84 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 43.96 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 EPS, up 56.25% or $0.09 from last year’s $0.16 per share. NWBI’s profit will be $25.32M for 18.17 P/E if the $0.25 EPS becomes a reality. After $0.22 actual EPS 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. Benzinga.com‘s news article titled: “10 Notable Stocks Trading Ex-Dividend Tuesday, November 1” with publication date: October 31, 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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By Linda Rogers