International Assets Investment Management LLC Buys 5,051 Shares of Northwest Bancshares, Inc. (NASDAQ:NWBI)

International Assets Investment Management LLC increased its stake in Northwest Bancshares, Inc. (NASDAQ:NWBI) by 1,238.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,459 shares of the savings and loans company’s stock after acquiring an additional 5,051 shares during the period. International Assets Investment Management LLC’s holdings in Northwest Bancshares were worth $73,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Creative Planning grew its position in Northwest Bancshares by 7.2% during the third quarter. Creative Planning now owns 12,699 shares of the savings and loans company’s stock valued at $170,000 after acquiring an additional 851 shares during the last quarter. CWM LLC grew its holdings in shares of Northwest Bancshares by 51.5% during the 3rd quarter. CWM LLC now owns 10,897 shares of the savings and loans company’s stock valued at $146,000 after purchasing an additional 3,702 shares during the last quarter. Diversified Trust Co lifted its stake in Northwest Bancshares by 13.7% in the third quarter. Diversified Trust Co now owns 18,902 shares of the savings and loans company’s stock worth $253,000 after purchasing an additional 2,281 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Northwest Bancshares by 66.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,769 shares of the savings and loans company’s stock valued at $67,000 after buying an additional 2,304 shares during the period. Finally, Algert Global LLC bought a new position in shares of Northwest Bancshares during the second quarter valued at about $140,000. 66.32% of the stock is currently owned by institutional investors.

Northwest Bancshares Stock Down 4.3 %

NWBI opened at $14.63 on Friday. Northwest Bancshares, Inc. has a 12 month low of $10.45 and a 12 month high of $15.35. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The business’s 50-day moving average price is $13.38 and its 200-day moving average price is $12.42. The company has a market cap of $1.86 billion, a P/E ratio of 19.25 and a beta of 0.62.

Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Northwest Bancshares had a return on equity of 8.24% and a net margin of 13.19%. The firm had revenue of $199.21 million during the quarter, compared to the consensus estimate of $140.80 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, equities analysts expect that Northwest Bancshares, Inc. will post 1.02 EPS for the current year.

Northwest Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Friday, November 8th. Northwest Bancshares’s dividend payout ratio (DPR) is presently 105.26%.

Northwest Bancshares Profile

Northwest Bancshares, Inc operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts.