Northwest Bancshares, Inc. (NWBI) Shares Sold by American Century Companies Inc.

Share on StockTwits

American Century Companies Inc. reduced its stake in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 16.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,436 shares of the savings and loans company’s stock after selling 24,939 shares during the quarter. American Century Companies Inc. owned about 0.12% of Northwest Bancshares worth $2,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mascoma Wealth Management LLC grew its holdings in Northwest Bancshares by 46.1% during the 4th quarter. Mascoma Wealth Management LLC now owns 20,605 shares of the savings and loans company’s stock valued at $349,000 after buying an additional 6,500 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Northwest Bancshares by 5.3% in the fourth quarter. Two Sigma Advisers LP now owns 141,750 shares of the savings and loans company’s stock valued at $2,401,000 after purchasing an additional 7,193 shares in the last quarter. Martingale Asset Management L P grew its holdings in shares of Northwest Bancshares by 28.1% in the fourth quarter. Martingale Asset Management L P now owns 326,029 shares of the savings and loans company’s stock valued at $5,524,000 after purchasing an additional 71,500 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Northwest Bancshares by 1.7% in the third quarter. Vanguard Group Inc now owns 9,931,921 shares of the savings and loans company’s stock valued at $172,021,000 after purchasing an additional 163,989 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Northwest Bancshares by 20.4% in the fourth quarter. Rhumbline Advisers now owns 295,914 shares of the savings and loans company’s stock valued at $5,013,000 after purchasing an additional 50,174 shares in the last quarter. 74.22% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Northwest Bancshares from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. BidaskClub raised shares of Northwest Bancshares from a “strong sell” rating to a “sell” rating in a report on Thursday, March 28th.

In related news, Director Philip M. Tredway sold 39,210 shares of the firm’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $17.97, for a total value of $704,603.70. Following the completion of the transaction, the director now directly owns 25,470 shares of the company’s stock, valued at $457,695.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Shawn O. Walker sold 1,780 shares of the firm’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $18.68, for a total transaction of $33,250.40. Following the completion of the transaction, the executive vice president now directly owns 35,412 shares of the company’s stock, valued at $661,496.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,800 shares of company stock valued at $913,355. 1.40% of the stock is currently owned by insiders.

NWBI stock opened at $17.07 on Wednesday. Northwest Bancshares, Inc. has a fifty-two week low of $15.50 and a fifty-two week high of $18.81. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.77 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 2.32 and a beta of 0.69.

Northwest Bancshares (NASDAQ:NWBI) last posted its earnings results on Tuesday, January 22nd. The savings and loans company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Northwest Bancshares had a net margin of 22.57% and a return on equity of 8.54%. The business had revenue of $110.08 million during the quarter, compared to analysts’ expectations of $109.58 million. Analysts predict that Northwest Bancshares, Inc. will post 1.05 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Northwest Bancshares, Inc. (NWBI) Shares Sold by American Century Companies Inc.” was first published by Macon Daily and is the sole property of of Macon Daily. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://macondaily.com/2019/04/17/northwest-bancshares-inc-nwbi-shares-sold-by-american-century-companies-inc.html.

About Northwest Bancshares

Northwest Bancshares, Inc is a holding company. It offers personal & business banking products including employee benefits, investment management services, insurance and trust. It engages in collecting deposits and making loans secured by various types of collateral, including real estate and other assets.

Read More: Cryptocurrencies

Institutional Ownership by Quarter for Northwest Bancshares (NASDAQ:NWBI)

Receive News & Ratings for Northwest Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.