Northwest Bancshares, Inc. (NWBI) Position Raised by Nordea Investment Management AB

Nordea Investment Management AB boosted its position in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 3.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 234,873 shares of the savings and loans company’s stock after buying an additional 7,985 shares during the quarter. Nordea Investment Management AB owned approximately 0.23% of Northwest Bancshares worth $3,666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of NWBI. Bank of New York Mellon Corp raised its holdings in Northwest Bancshares by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,447,006 shares of the savings and loans company’s stock valued at $24,368,000 after buying an additional 45,763 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Northwest Bancshares by 1.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 24,997 shares of the savings and loans company’s stock valued at $421,000 after buying an additional 352 shares during the last quarter. Swiss National Bank raised its holdings in Northwest Bancshares by 2.0% during the 1st quarter. Swiss National Bank now owns 160,300 shares of the savings and loans company’s stock valued at $2,699,000 after buying an additional 3,100 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Northwest Bancshares by 60.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 63,589 shares of the savings and loans company’s stock valued at $1,071,000 after buying an additional 23,837 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Northwest Bancshares during the 1st quarter valued at $411,000. Institutional investors own 65.39% of the company’s stock.

A number of research firms recently commented on NWBI. BidaskClub upgraded shares of Northwest Bancshares from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research lowered shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company has an average rating of “Sell” and an average target price of $17.00.

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Shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) opened at 17.27 on Friday. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 20.13 and a beta of 0.63. The company’s 50-day moving average is $15.76 and its 200-day moving average is $16.04. Northwest Bancshares, Inc. has a 12-month low of $14.95 and a 12-month high of $19.10.

Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings results 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. The company had revenue of $124.21 million during the quarter, compared to the consensus estimate of $116.82 million. Northwest Bancshares had a return on equity of 7.45% and a net margin of 18.91%. Analysts predict that Northwest Bancshares, Inc. will post $0.93 EPS for the current year.

In related news, EVP Andrew Young sold 5,625 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $16.18, for a total value of $91,012.50. Following the completion of the sale, the executive vice president now directly owns 60,254 shares in the company, valued at $974,909.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Philip M. Tredway sold 13,560 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $16.13, for a total value of $218,722.80. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Northwest Bancshares Profile

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

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