Mirae Asset Global Investments Co. Ltd. Purchases 8,413 Shares of Northwest Bancshares, Inc. (NASDAQ:NWBI)

Mirae Asset Global Investments Co. Ltd. increased its position in Northwest Bancshares, Inc. (NASDAQ:NWBI) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,601 shares of the savings and loans company’s stock after acquiring an additional 8,413 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Northwest Bancshares were worth $1,023,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Creative Planning lifted 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 purchasing an additional 851 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Northwest Bancshares by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 64,000 shares of the savings and loans company’s stock valued at $739,000 after purchasing an additional 1,000 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in Northwest Bancshares by 1.6% during the second quarter. Wedge Capital Management L L P NC now owns 70,409 shares of the savings and loans company’s stock valued at $813,000 after purchasing an additional 1,105 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Northwest Bancshares by 93.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,935 shares of the savings and loans company’s stock valued at $34,000 after purchasing an additional 1,420 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in Northwest Bancshares by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 111,245 shares of the savings and loans company’s stock valued at $1,296,000 after purchasing an additional 1,446 shares in the last quarter. Institutional investors own 66.32% of the company’s stock.

Northwest Bancshares Price Performance

NASDAQ NWBI opened at $13.31 on Friday. The company has a market capitalization of $1.69 billion, a PE ratio of 17.51 and a beta of 0.62. 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 business’s fifty day moving average is $13.34 and its 200 day moving average is $12.33. Northwest Bancshares, Inc. has a fifty-two week low of $10.35 and a fifty-two week high of $14.55.

Northwest Bancshares (NASDAQ:NWBI) last announced its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported $0.26 EPS 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 business had revenue of $199.21 million for the quarter, compared to the consensus estimate of $140.80 million. During the same period in the previous year, the business earned $0.31 earnings per share. Sell-side analysts predict that Northwest Bancshares, Inc. will post 1.02 earnings per share for the current year.

Northwest Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a $0.20 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 6.01%. Northwest Bancshares’s payout ratio is 105.26%.

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.