Northwest Bancshares, Inc. (NASDAQ:NWBI) shares hit a new 52-week high on Thursday . The stock traded as high as $18.36 and last traded at $18.33, with a volume of 435581 shares traded. The stock had previously closed at $18.19.

Several research analysts have recently weighed in on the stock. Boenning Scattergood assumed coverage on shares of Northwest Bancshares in a research note on Monday, July 23rd. They set a “hold” rating on the stock. BidaskClub upgraded shares of Northwest Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Finally, Zacks Investment Research upgraded shares of Northwest Bancshares from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, June 20th.

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 2.51 and a beta of 0.71.

Northwest Bancshares (NASDAQ:NWBI) last released its earnings results on Thursday, July 26th. The savings and loans company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Northwest Bancshares had a net margin of 21.20% and a return on equity of 8.06%. The company had revenue of $108.34 million for the quarter, compared to analysts’ expectations of $108.20 million. analysts expect that Northwest Bancshares, Inc. will post 1.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 16th. Investors of record on Thursday, August 2nd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Wednesday, August 1st. Northwest Bancshares’s dividend payout ratio (DPR) is 80.95%.

In related news, insider William J. Wagner sold 64,230 shares of Northwest Bancshares stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $18.15, for a total transaction of $1,165,774.50. Following the transaction, the insider now owns 97,593 shares in the company, valued at approximately $1,771,312.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider William J. Wagner sold 66,713 shares of Northwest Bancshares stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $17.84, for a total transaction of $1,190,159.92. Following the transaction, the insider now owns 210,088 shares in the company, valued at approximately $3,747,969.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 237,626 shares of company stock worth $4,250,704. 2.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NWBI. Itau Unibanco Holding S.A. purchased a new position in shares of Northwest Bancshares during the 2nd quarter valued at $112,000. Trexquant Investment LP purchased a new position in shares of Northwest Bancshares during the 1st quarter valued at $168,000. WBI Investments Inc. purchased a new position in shares of Northwest Bancshares during the 2nd quarter valued at $175,000. Raymond James & Associates purchased a new position in shares of Northwest Bancshares during the 4th quarter valued at $184,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in Northwest Bancshares by 61.7% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,414 shares of the savings and loans company’s stock worth $237,000 after purchasing an additional 5,501 shares in the last quarter. Institutional investors own 68.62% of the company’s stock.

About Northwest Bancshares (NASDAQ:NWBI)

Northwest Bancshares, Inc operates as a bank holding company for Northwest Savings Bank that offers various personal and business banking solutions in the United States. The company offers personal and business deposits, such as checking, savings, money market deposit, term certificate, and individual retirement accounts.

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