Northwest Bancshares, Inc. (NASDAQ:NWBI) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its holdings in Northwest Bancshares, Inc. (NASDAQ:NWBI) by 85.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,408 shares of the savings and loans company’s stock after selling 84,174 shares during the quarter. Hsbc Holdings PLC’s holdings in Northwest Bancshares were worth $166,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its stake in shares of Northwest Bancshares by 93.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,935 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 1,420 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Northwest Bancshares during the 2nd quarter worth about $61,000. CWM LLC lifted its stake in shares of Northwest Bancshares by 45.5% in the 2nd quarter. CWM LLC now owns 7,195 shares of the savings and loans company’s stock worth $83,000 after acquiring an additional 2,249 shares during the period. IVC Wealth Advisors LLC acquired a new position in shares of Northwest Bancshares during the first quarter valued at approximately $124,000. Finally, Courier Capital LLC lifted its position in Northwest Bancshares by 10.2% in the first quarter. Courier Capital LLC now owns 13,576 shares of the savings and loans company’s stock worth $158,000 after purchasing an additional 1,253 shares during the period. Institutional investors own 66.32% of the company’s stock.

Insider Transactions at Northwest Bancshares

In other news, COO William W. Harvey sold 13,614 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $14.18, for a total transaction of $193,046.52. Following the sale, the chief operating officer now directly owns 208,302 shares of the company’s stock, valued at $2,953,722.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Douglas M. Schosser acquired 7,000 shares of the stock in a transaction on Thursday, July 25th. The shares were purchased at an average cost of $14.19 per share, for a total transaction of $99,330.00. Following the transaction, the chief financial officer now owns 46,347 shares in the company, valued at approximately $657,663.93. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William W. Harvey sold 13,614 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $14.18, for a total value of $193,046.52. Following the completion of the sale, the chief operating officer now directly owns 208,302 shares of the company’s stock, valued at approximately $2,953,722.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Northwest Bancshares Stock Up 1.0 %

NWBI opened at $12.99 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $1.65 billion, a PE ratio of 12.61 and a beta of 0.62. The stock’s fifty day moving average is $13.31 and its 200-day moving average is $12.04. Northwest Bancshares, Inc. has a one year low of $9.80 and a one year high of $14.55.

Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $97.99 million during the quarter, compared to the consensus estimate of $133.77 million. Northwest Bancshares had a net margin of 14.28% and a return on equity of 8.72%. On average, equities analysts predict that Northwest Bancshares, Inc. will post 0.97 EPS for the current fiscal year.

Northwest Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Friday, August 2nd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.16%. Northwest Bancshares’s dividend payout ratio (DPR) is presently 77.67%.

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.