Amalgamated Bank boosted its position in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,055 shares of the savings and loans company’s stock after buying an additional 12 shares during the period. Amalgamated Bank’s holdings in Northwest Bancshares were worth $220,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in NWBI. Glen Harbor Capital Management LLC raised its position in Northwest Bancshares by 3.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,936 shares of the savings and loans company’s stock worth $100,000 after buying an additional 176 shares during the period. Tyers Asset Management LLC raised its position in Northwest Bancshares by 3.1% in the first quarter. Tyers Asset Management LLC now owns 8,162 shares of the savings and loans company’s stock worth $137,000 after buying an additional 242 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Northwest Bancshares during the first quarter worth approximately $140,000. Flinton Capital Management LLC raised its position in Northwest Bancshares by 3.1% in the first quarter. Flinton Capital Management LLC now owns 10,388 shares of the savings and loans company’s stock worth $175,000 after buying an additional 308 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Northwest Bancshares during the first quarter worth approximately $185,000. Hedge funds and other institutional investors own 66.96% of the company’s stock.
Northwest Bancshares, Inc. (NASDAQ NWBI) opened at 16.24 on Wednesday. The firm has a 50 day moving average of $15.64 and a 200-day moving average of $16.57. Northwest Bancshares, Inc. has a 52 week low of $14.65 and a 52 week high of $19.10. The company has a market capitalization of $1.66 billion, a P/E ratio of 33.69 and a beta of 0.63.
Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings data on Monday, July 24th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Northwest Bancshares had a net margin of 18.91% and a return on equity of 7.49%. The firm had revenue of $124.21 million for the quarter, compared to the consensus estimate of $116.82 million. On average, analysts forecast that Northwest Bancshares, Inc. will post $0.84 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd will be paid a $0.16 dividend. The ex-dividend date is Tuesday, August 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.94%. Northwest Bancshares’s payout ratio is currently 75.29%.
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A number of equities analysts have commented on NWBI shares. ValuEngine lowered shares of Northwest Bancshares from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Thursday, May 11th. Zacks Investment Research upgraded shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th. Finally, BidaskClub raised shares of Northwest Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Northwest Bancshares has a consensus rating of “Hold” and a consensus price target of $16.60.
About Northwest Bancshares
Northwest Bancshares, Inc (Northwest) 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. Its segments include Community Banking and Consumer Finance.
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