StockNews.com Upgrades Northwest Bancshares (NASDAQ:NWBI) to “Hold”

Northwest Bancshares (NASDAQ:NWBI) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Northwest Bancshares Trading Down 0.7 %

NASDAQ:NWBI opened at $14.78 on Tuesday. Northwest Bancshares has a one year low of $10.45 and a one year high of $15.35. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $1.88 billion, a P/E ratio of 19.84 and a beta of 0.62. The firm has a 50-day simple moving average of $13.44 and a 200-day simple moving average of $12.52.

Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $199.21 million during the quarter, compared to analyst estimates of $140.80 million. Northwest Bancshares had a net margin of 13.19% and a return on equity of 8.24%. During the same quarter in the previous year, the business posted $0.31 EPS. Equities analysts anticipate that Northwest Bancshares will post 1.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in shares of Northwest Bancshares by 119.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 55,006 shares of the savings and loans company’s stock worth $736,000 after acquiring an additional 29,926 shares in the last quarter. FMR LLC raised its stake in shares of Northwest Bancshares by 121.7% during the 3rd quarter. FMR LLC now owns 564,824 shares of the savings and loans company’s stock worth $7,557,000 after acquiring an additional 310,032 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Northwest Bancshares by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,835,672 shares of the savings and loans company’s stock worth $64,701,000 after acquiring an additional 164,025 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Northwest Bancshares by 109.5% during the 3rd quarter. Intech Investment Management LLC now owns 45,552 shares of the savings and loans company’s stock worth $609,000 after acquiring an additional 23,813 shares in the last quarter. Finally, Northwest Bancshares Inc. raised its stake in shares of Northwest Bancshares by 0.8% during the 3rd quarter. Northwest Bancshares Inc. now owns 294,285 shares of the savings and loans company’s stock worth $3,938,000 after acquiring an additional 2,203 shares in the last quarter. Institutional investors own 66.32% of the company’s stock.

About Northwest Bancshares

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.