Valeo Financial Advisors LLC Trims Position in Northwest Bancshares, Inc. (NASDAQ:NWBI)

Valeo Financial Advisors LLC decreased its holdings in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 61.8% in the 4th quarter, Holdings Channel reports. The firm owned 12,377 shares of the savings and loans company’s stock after selling 20,000 shares during the period. Valeo Financial Advisors LLC’s holdings in Northwest Bancshares were worth $154,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Money Concepts Capital Corp purchased a new position in shares of Northwest Bancshares during the fourth quarter worth about $26,000. Compass Wealth Management LLC purchased a new position in shares of Northwest Bancshares during the fourth quarter worth about $35,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Northwest Bancshares during the fourth quarter worth about $46,000. Point72 Middle East FZE purchased a new position in shares of Northwest Bancshares during the fourth quarter worth about $63,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Northwest Bancshares by 1,148.0% during the fourth quarter. International Assets Investment Management LLC now owns 5,092 shares of the savings and loans company’s stock worth $64,000 after purchasing an additional 4,684 shares in the last quarter. Hedge funds and other institutional investors own 66.32% of the company’s stock.

Northwest Bancshares Stock Performance

NASDAQ:NWBI opened at $10.69 on Wednesday. The business has a 50 day moving average of $11.39 and a 200 day moving average of $11.48. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 10.09 and a beta of 0.60. Northwest Bancshares, Inc. has a 1-year low of $9.80 and a 1-year high of $13.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.96 and a quick ratio of 0.95.

Northwest Bancshares (NASDAQ:NWBI) last released its earnings results on Monday, January 22nd. The savings and loans company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $186.56 million during the quarter, compared to the consensus estimate of $133.06 million. Northwest Bancshares had a return on equity of 9.21% and a net margin of 19.23%. On average, sell-side analysts predict that Northwest Bancshares, Inc. will post 0.95 earnings per share for the current fiscal year.

Northwest Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Friday, February 2nd were given a $0.20 dividend. The ex-dividend date was Thursday, February 1st. This represents a $0.80 dividend on an annualized basis and a yield of 7.48%. Northwest Bancshares’s payout ratio is 75.47%.

Insider Buying and Selling

In related news, EVP Scott J. Watson acquired 5,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was purchased at an average price of $12.90 per share, for a total transaction of $64,500.00. Following the completion of the transaction, the executive vice president now owns 35,282 shares of the company’s stock, valued at approximately $455,137.80. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their target price on Northwest Bancshares from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 23rd.

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.