Amalgamated Bank Sells 1,090 Shares of Northwest Bancshares, Inc. (NASDAQ:NWBI)

Amalgamated Bank lessened its holdings in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 2.8% in the third quarter, Holdings Channel.com reports. The fund owned 37,711 shares of the savings and loans company’s stock after selling 1,090 shares during the period. Amalgamated Bank’s holdings in Northwest Bancshares were worth $505,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NWBI. BNP Paribas Financial Markets raised its holdings in Northwest Bancshares by 79.8% in the first quarter. BNP Paribas Financial Markets now owns 66,076 shares of the savings and loans company’s stock worth $770,000 after purchasing an additional 29,324 shares in the last quarter. SG Americas Securities LLC bought a new position in Northwest Bancshares in the first quarter worth $182,000. ProShare Advisors LLC raised its holdings in Northwest Bancshares by 7.4% in the first quarter. ProShare Advisors LLC now owns 25,695 shares of the savings and loans company’s stock worth $299,000 after purchasing an additional 1,770 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Northwest Bancshares by 66.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 64,927 shares of the savings and loans company’s stock worth $781,000 after purchasing an additional 25,954 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Northwest Bancshares by 16.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 125,275 shares of the savings and loans company’s stock worth $1,456,000 after acquiring an additional 17,645 shares during the last quarter. Institutional investors own 66.32% of the company’s stock.

Northwest Bancshares Trading Up 0.5 %

NASDAQ NWBI opened at $14.72 on Friday. Northwest Bancshares, Inc. has a 12 month low of $10.45 and a 12 month high of $15.35. The stock has a market cap of $1.88 billion, a P/E ratio of 19.37 and a beta of 0.62. The stock’s fifty day moving average price is $13.51 and its 200-day moving average price is $12.58. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

Northwest Bancshares (NASDAQ:NWBI) last released its earnings results on Tuesday, October 29th. The savings and loans company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $140.80 million. During the same period in the prior year, the firm posted $0.31 earnings per share. As a group, equities analysts forecast that Northwest Bancshares, Inc. will post 1.02 EPS for the current fiscal year.

Northwest Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 5.43%. Northwest Bancshares’s dividend payout ratio (DPR) is presently 105.26%.

Analyst Ratings Changes

Separately, StockNews.com raised Northwest Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th.

Northwest Bancshares Company 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.