Northwest Bancshares, Inc. (NWBI) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can raised its stake in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 4.4% during the fourth quarter, Holdings Channel reports. The fund owned 141,377 shares of the savings and loans company’s stock after acquiring an additional 5,962 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Northwest Bancshares were worth $2,211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in shares of Northwest Bancshares by 42.2% in the 3rd quarter. Victory Capital Management Inc. now owns 109,869 shares of the savings and loans company’s stock worth $1,903,000 after buying an additional 32,583 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Northwest Bancshares by 7.1% in the 3rd quarter. Wells Fargo & Company MN now owns 268,977 shares of the savings and loans company’s stock worth $4,659,000 after buying an additional 17,778 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Northwest Bancshares by 13.5% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,628 shares of the savings and loans company’s stock worth $427,000 after buying an additional 2,924 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Northwest Bancshares by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,557,608 shares of the savings and loans company’s stock worth $26,978,000 after buying an additional 49,796 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Northwest Bancshares by 4.4% in the 3rd quarter. BlackRock Inc. now owns 14,738,673 shares of the savings and loans company’s stock worth $255,274,000 after buying an additional 617,235 shares during the last quarter. Hedge funds and other institutional investors own 72.94% of the company’s stock.

NWBI stock opened at $16.51 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 1.02. Northwest Bancshares, Inc. has a fifty-two week low of $15.50 and a fifty-two week high of $18.81. The stock has a market capitalization of $1.75 billion, a P/E ratio of 16.53, a PEG ratio of 2.29 and a beta of 0.71.

Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings data on Tuesday, January 22nd. The savings and loans company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). Northwest Bancshares had a return on equity of 8.54% and a net margin of 22.57%. The firm had revenue of $110.08 million during the quarter, compared to analyst estimates of $109.58 million. As a group, research analysts forecast that Northwest Bancshares, Inc. will post 1.05 earnings per share for the current fiscal year.

In related news, VP Julia W. Mctavish sold 9,810 shares of the stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $17.89, for a total value of $175,500.90. Following the sale, the vice president now owns 74,752 shares of the company’s stock, valued at approximately $1,337,313.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Philip M. Tredway sold 39,210 shares of the stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $17.97, for a total transaction of $704,603.70. Following the completion of the sale, the director now directly owns 25,470 shares in the company, valued at approximately $457,695.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,800 shares of company stock worth $913,355. Corporate insiders own 1.40% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub downgraded shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, March 15th.

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Northwest Bancshares Company Profile

Northwest Bancshares, Inc operates as a holding company for Northwest Bank that offers various personal and business banking solutions. The company accepts various deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts. Its loan products include one-to-four family residential real estate, short-term consumer, multi-family residential and commercial real estate, commercial business, and residential mortgage loans; home equity lines of credit; and consumer loans comprising automobile, sales finance, unsecured personal, and credit card loans, as well as loans secured by deposit accounts.

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Want to see what other hedge funds are holding NWBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northwest Bancshares, Inc. (NASDAQ:NWBI).

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

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