Northwest Bancshares, Inc. (NASDAQ:NWBI) Shares Sold by Institute for Wealth Management LLC.

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Institute for Wealth Management LLC. lowered its position in Northwest Bancshares, Inc. (NASDAQ:NWBI) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,516 shares of the savings and loans company’s stock after selling 639 shares during the quarter. Institute for Wealth Management LLC. owned about 0.08% of Northwest Bancshares worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its stake in shares of Northwest Bancshares by 1.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 40,709 shares of the savings and loans company’s stock valued at $717,000 after purchasing an additional 700 shares during the period. 6 Meridian increased its stake in shares of Northwest Bancshares by 2.7% in the second quarter. 6 Meridian now owns 27,233 shares of the savings and loans company’s stock valued at $480,000 after purchasing an additional 725 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Northwest Bancshares by 2.1% in the second quarter. Louisiana State Employees Retirement System now owns 39,600 shares of the savings and loans company’s stock valued at $695,000 after purchasing an additional 800 shares during the period. Arizona State Retirement System increased its stake in shares of Northwest Bancshares by 0.5% during the first quarter. Arizona State Retirement System now owns 159,954 shares of the savings and loans company’s stock valued at $2,714,000 after acquiring an additional 872 shares during the period. Finally, Resources Investment Advisors Inc. increased its stake in shares of Northwest Bancshares by 23.8% during the first quarter. Resources Investment Advisors Inc. now owns 4,566 shares of the savings and loans company’s stock valued at $77,000 after acquiring an additional 879 shares during the period. Institutional investors own 72.05% of the company’s stock.

Northwest Bancshares stock traded up $0.20 during midday trading on Friday, reaching $16.61. The stock had a trading volume of 365,300 shares, compared to its average volume of 407,496. The firm’s fifty day simple moving average is $17.14 and its two-hundred day simple moving average is $17.34. Northwest Bancshares, Inc. has a twelve month low of $15.50 and a twelve month high of $18.81. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.02 and a quick ratio of 1.00. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.17 and a beta of 0.65.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings data on Monday, July 22nd. The savings and loans company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Northwest Bancshares had a return on equity of 8.31% and a net margin of 21.50%. The firm had revenue of $115.97 million during the quarter, compared to analyst estimates of $117.86 million. As a group, sell-side analysts predict that Northwest Bancshares, Inc. will post 1.08 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date was Wednesday, July 31st. Northwest Bancshares’s dividend payout ratio is 70.59%.

A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Northwest Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. BidaskClub lowered shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. Finally, Boenning Scattergood restated a “neutral” rating on shares of Northwest Bancshares in a report on Thursday, June 20th.

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

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