Northwest Bancshares (NASDAQ:NWBI) Upgraded at StockNews.com

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

Northwest Bancshares Trading Down 0.7 %

Shares of Northwest Bancshares stock opened at $14.78 on Tuesday. 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 has a 12-month low of $10.45 and a 12-month high of $15.35. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 19.84 and a beta of 0.62. The firm’s 50 day simple moving average is $13.44 and its two-hundred day simple moving average is $12.52.

Northwest Bancshares (NASDAQ:NWBI) last issued its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $199.21 million for 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 prior year, the business posted $0.31 EPS. Analysts predict that Northwest Bancshares will post 1.02 EPS for the current year.

Institutional Trading of Northwest Bancshares

Several large investors have recently made changes to their positions in NWBI. Nisa Investment Advisors LLC boosted its holdings in shares of Northwest Bancshares by 93.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,935 shares of the savings and loans company’s stock valued at $34,000 after acquiring an additional 1,420 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Northwest Bancshares in the 2nd quarter valued at $61,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Northwest Bancshares by 66.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,769 shares of the savings and loans company’s stock valued at $67,000 after acquiring an additional 2,304 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Northwest Bancshares by 1,238.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,459 shares of the savings and loans company’s stock valued at $73,000 after acquiring an additional 5,051 shares during the last quarter. Finally, CWM LLC boosted its holdings 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 valued at $83,000 after acquiring an additional 2,249 shares during the last quarter. 66.32% of the stock is owned by hedge funds and other institutional investors.

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.