Barclays PLC cut its holdings in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 65.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,659 shares of the savings and loans company’s stock after selling 79,066 shares during the quarter. Barclays PLC’s holdings in Northwest Bancshares were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can raised its position in Northwest Bancshares by 13.9% in the 4th quarter. Bank of Montreal Can now owns 5,588 shares of the savings and loans company’s stock valued at $94,000 after purchasing an additional 683 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Northwest Bancshares during the 4th quarter worth about $188,000. Verity & Verity LLC raised its position in shares of Northwest Bancshares by 15.6% during the 4th quarter. Verity & Verity LLC now owns 15,720 shares of the savings and loans company’s stock worth $266,000 after acquiring an additional 2,125 shares in the last quarter. Magnus Financial Group LLC acquired a new stake in shares of Northwest Bancshares during the 4th quarter worth about $303,000. Finally, GAM Holding AG acquired a new stake in shares of Northwest Bancshares during the 3rd quarter worth about $350,000. Institutional investors and hedge funds own 74.22% of the company’s stock.
In other news, VP Julia W. Mctavish sold 9,810 shares of the business’s stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $17.89, for a total value of $175,500.90. Following the completion of the transaction, the vice president now directly owns 74,752 shares of the company’s stock, valued at $1,337,313.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Shawn O. Walker sold 1,780 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $18.68, for a total value of $33,250.40. Following the completion of the transaction, the executive vice president now directly owns 35,412 shares of the company’s stock, valued at $661,496.16. The disclosure for this sale can be found here. Insiders sold a total of 50,800 shares of company stock valued at $913,355 over the last three months. Insiders own 1.40% of the company’s stock.
Shares of NWBI stock traded down $0.07 during midday trading on Friday, hitting $17.21. The company had a trading volume of 412,011 shares, compared to its average volume of 530,586. Northwest Bancshares, Inc. has a 52-week low of $15.50 and a 52-week high of $18.81. The company has a market capitalization of $1.78 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.69. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.18.
Northwest Bancshares (NASDAQ:NWBI) last announced its earnings results on Wednesday, April 17th. The savings and loans company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Northwest Bancshares had a net margin of 22.08% and a return on equity of 8.48%. The company had revenue of $109.64 million during the quarter, compared to analysts’ expectations of $110.59 million. During the same quarter last year, the business posted $0.24 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities analysts predict that Northwest Bancshares, Inc. will post 1.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $0.72 annualized dividend and a dividend yield of 4.18%. Northwest Bancshares’s dividend payout ratio is currently 70.59%.
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Northwest Bancshares Profile
Northwest Bancshares, Inc is a holding company. It offers personal & business banking products including employee benefits, investment management services, insurance and trust. It engages in collecting deposits and making loans secured by various types of collateral, including real estate and other assets.
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