Northwest Bancshares (NASDAQ:NWBI) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday, BidAskClub reports.

A number of other analysts have also commented on NWBI. Zacks Investment Research lowered Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, January 26th. Boenning Scattergood reissued a “neutral” rating on shares of Northwest Bancshares in a report on Wednesday, April 17th.

NWBI stock opened at $16.94 on Tuesday. Northwest Bancshares has a fifty-two week low of $15.50 and a fifty-two week high of $18.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $1.76 billion, a P/E ratio of 16.61, a PEG ratio of 2.21 and a beta of 0.69.

Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings data on Wednesday, April 17th. The savings and loans company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $109.64 million for the quarter, compared to the consensus estimate of $110.59 million. Northwest Bancshares had a return on equity of 8.48% and a net margin of 22.08%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. On average, equities research analysts forecast that Northwest Bancshares will post 1.1 earnings per share for the current year.

In other news, EVP Shawn O. Walker sold 1,780 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $18.68, for a total value of $33,250.40. Following the completion of the transaction, the executive vice president now directly owns 35,412 shares of the company’s stock, valued at $661,496.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert M. Campana sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $17.03, for a total value of $187,330.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,380 shares of company stock valued at $231,110 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Coastal Investment Advisors Inc. bought a new position in shares of Northwest Bancshares in the first quarter valued at approximately $33,000. US Bancorp DE lifted its stake in Northwest Bancshares by 118.1% in the first quarter. US Bancorp DE now owns 1,985 shares of the savings and loans company’s stock valued at $34,000 after purchasing an additional 1,075 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Northwest Bancshares in the fourth quarter valued at approximately $39,000. Resources Investment Advisors Inc. lifted its stake in Northwest Bancshares by 23.8% in 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 purchasing an additional 879 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Northwest Bancshares by 13.9% in the fourth quarter. Bank of Montreal Can now owns 5,588 shares of the savings and loans company’s stock valued at $94,000 after purchasing an additional 683 shares during the last quarter. 74.32% of the stock is owned by institutional investors.

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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