Empowered Funds LLC Increases Stock Position in Northwest Bancshares, Inc. (NASDAQ:NWBI)

Empowered Funds LLC grew its position in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 343,459 shares of the savings and loans company’s stock after purchasing an additional 17,420 shares during the quarter. Empowered Funds LLC owned approximately 0.27% of Northwest Bancshares worth $4,595,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC grew its stake in Northwest Bancshares by 93.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,935 shares of the savings and loans company’s stock worth $34,000 after buying an additional 1,420 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Northwest Bancshares in the 2nd quarter valued at $61,000. Northwestern Mutual Wealth Management Co. raised its position in 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 purchasing an additional 2,304 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Northwest Bancshares by 1,238.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,459 shares of the savings and loans company’s stock worth $73,000 after purchasing an additional 5,051 shares during the period. Finally, CWM LLC grew its position in Northwest Bancshares by 45.5% during the 2nd quarter. CWM LLC now owns 7,195 shares of the savings and loans company’s stock worth $83,000 after purchasing an additional 2,249 shares during the last quarter. Institutional investors and hedge funds own 66.32% of the company’s stock.

Analysts Set New Price Targets

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

Northwest Bancshares Trading Up 0.5 %

Shares of NWBI stock opened at $14.72 on Monday. The company has a market capitalization of $1.88 billion, a P/E ratio of 19.37 and a beta of 0.62. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $13.51 and its two-hundred day moving average is $12.59. Northwest Bancshares, Inc. has a twelve month low of $10.45 and a twelve month high of $15.35.

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 for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $199.21 million during the quarter, compared to the consensus estimate of $140.80 million. Northwest Bancshares had a return on equity of 8.24% and a net margin of 13.19%. During the same period last year, the company earned $0.31 earnings per share. Equities analysts forecast that Northwest Bancshares, Inc. will post 1.02 EPS for the current year.

Northwest Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Friday, November 8th. Northwest Bancshares’s payout ratio is 105.26%.

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.