Quest Partners LLC Boosts Position in Northwest Bancshares, Inc. (NASDAQ:NWBI)

Quest Partners LLC lifted its stake in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 17,247,500.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 172,476 shares of the savings and loans company’s stock after acquiring an additional 172,475 shares during the period. Quest Partners LLC owned 0.14% of Northwest Bancshares worth $2,308,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in shares of 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 acquiring an additional 1,420 shares during the period. Innealta Capital LLC purchased a new position in shares of Northwest Bancshares during the 2nd quarter worth $61,000. International Assets Investment Management LLC raised its holdings in shares of 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 acquiring an additional 5,051 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Northwest Bancshares by 66.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,769 shares of the savings and loans company’s stock worth $67,000 after purchasing an additional 2,304 shares during the last quarter. Finally, CWM LLC raised its holdings in 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 buying an additional 2,249 shares during the period. Hedge funds and other institutional investors own 66.32% of the company’s stock.

Northwest Bancshares Stock Up 0.5 %

Shares of NWBI opened at $14.72 on Monday. The firm has a market cap of $1.88 billion, a P/E ratio of 19.37 and a beta of 0.62. Northwest Bancshares, Inc. has a 12-month low of $10.45 and a 12-month high of $15.35. The company’s 50-day moving average price is $13.51 and its 200 day moving average price is $12.59. 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 issued its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The firm 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 period in the previous year, the firm earned $0.31 EPS. On average, sell-side analysts forecast that Northwest Bancshares, Inc. will post 1.02 earnings per share for the current year.

Northwest Bancshares Announces Dividend

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

Analyst Upgrades and Downgrades

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

Northwest Bancshares 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.