First Mercantile Trust Co. lessened its position in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 26.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,781 shares of the savings and loans company’s stock after selling 5,660 shares during the period. First Mercantile Trust Co.’s holdings in Northwest Bancshares were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NWBI. TIAA CREF Investment Management LLC increased its holdings in Northwest Bancshares by 18.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 307,037 shares of the savings and loans company’s stock worth $4,793,000 after acquiring an additional 48,869 shares during the period. New York State Common Retirement Fund increased its holdings in Northwest Bancshares by 7.9% during the 2nd quarter. New York State Common Retirement Fund now owns 101,000 shares of the savings and loans company’s stock worth $1,577,000 after acquiring an additional 7,399 shares during the period. Voya Investment Management LLC increased its holdings in Northwest Bancshares by 11.1% during the 2nd quarter. Voya Investment Management LLC now owns 43,810 shares of the savings and loans company’s stock worth $684,000 after acquiring an additional 4,366 shares during the period. Stifel Financial Corp increased its holdings in Northwest Bancshares by 1.5% during the 2nd quarter. Stifel Financial Corp now owns 111,972 shares of the savings and loans company’s stock worth $1,752,000 after acquiring an additional 1,704 shares during the period. Finally, Shelton Capital Management bought a new stake in Northwest Bancshares during the 2nd quarter worth approximately $158,000. 65.19% of the stock is currently owned by institutional investors and hedge funds.

Northwest Bancshares, Inc. (NASDAQ NWBI) opened at $16.62 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.18. Northwest Bancshares, Inc. has a 12 month low of $14.95 and a 12 month high of $18.63. The company has a market cap of $1,707.70, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.61 and a beta of 0.64.

Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings results on Monday, January 22nd. The savings and loans company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Northwest Bancshares had a net margin of 20.11% and a return on equity of 7.23%. The business had revenue of $107.15 million during the quarter, compared to analysts’ expectations of $108.15 million. sell-side analysts expect that Northwest Bancshares, Inc. will post 1.03 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from Northwest Bancshares’s previous quarterly dividend of $0.16. Northwest Bancshares’s payout ratio is currently 73.91%.

In other Northwest Bancshares news, CFO William W. Harvey sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $17.28, for a total value of $172,800.00. Following the completion of the transaction, the chief financial officer now owns 158,649 shares of the company’s stock, valued at approximately $2,741,454.72. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gerald J. Ritzert sold 10,800 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $16.57, for a total transaction of $178,956.00. Following the completion of the transaction, the executive vice president now directly owns 45,857 shares of the company’s stock, valued at approximately $759,850.49. The disclosure for this sale can be found here. In the last three months, insiders acquired 9,300 shares of company stock valued at $152,330 and sold 50,964 shares valued at $859,911. 2.00% of the stock is owned by insiders.

NWBI has been the topic of a number of analyst reports. BidaskClub raised shares of Northwest Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Boenning Scattergood reaffirmed a “hold” rating on shares of Northwest Bancshares in a report on Tuesday, October 24th. Finally, Zacks Investment Research lowered shares of Northwest Bancshares from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Northwest Bancshares has an average rating of “Hold” and an average target price of $17.25.

TRADEMARK VIOLATION WARNING: “First Mercantile Trust Co. Has $264,000 Position in Northwest Bancshares, Inc. (NWBI)” was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://theolympiareport.com/2018/02/13/first-mercantile-trust-co-has-264000-position-in-northwest-bancshares-inc-nwbi.html.

Northwest Bancshares Company 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.

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)

Receive News & Ratings for Northwest Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.