Campbell & CO Investment Adviser LLC Buys 29,427 Shares of Northwest Bancshares, Inc. (NASDAQ:NWBI)

Campbell & CO Investment Adviser LLC boosted its position in Northwest Bancshares, Inc. (NASDAQ:NWBIFree Report) by 69.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,943 shares of the savings and loans company’s stock after purchasing an additional 29,427 shares during the quarter. Campbell & CO Investment Adviser LLC owned approximately 0.06% of Northwest Bancshares worth $898,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NWBI. Dimensional Fund Advisors LP raised its stake in shares of Northwest Bancshares by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,712,088 shares of the savings and loans company’s stock worth $108,729,000 after acquiring an additional 90,425 shares in the last quarter. Invesco Ltd. increased its position in shares of Northwest Bancshares by 4.9% during the third quarter. Invesco Ltd. now owns 4,917,212 shares of the savings and loans company’s stock worth $50,303,000 after purchasing an additional 230,058 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Northwest Bancshares by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,581,520 shares of the savings and loans company’s stock valued at $44,697,000 after purchasing an additional 78,513 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Northwest Bancshares by 1.8% during the 4th quarter. Victory Capital Management Inc. now owns 3,001,622 shares of the savings and loans company’s stock valued at $37,460,000 after purchasing an additional 53,518 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Northwest Bancshares by 3,568.5% in the 4th quarter. Hsbc Holdings PLC now owns 580,655 shares of the savings and loans company’s stock worth $7,298,000 after purchasing an additional 564,827 shares in the last quarter. 66.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Northwest Bancshares news, EVP Devin T. Cygnar sold 3,843 shares of Northwest Bancshares stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $11.08, for a total transaction of $42,580.44. Following the completion of the sale, the executive vice president now directly owns 11,823 shares in the company, valued at approximately $130,998.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Devin T. Cygnar sold 3,843 shares of Northwest Bancshares stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $11.08, for a total transaction of $42,580.44. Following the completion of the transaction, the executive vice president now directly owns 11,823 shares in the company, valued at $130,998.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy M. Hunter acquired 10,000 shares of the stock in a transaction on Thursday, May 16th. The stock was bought at an average price of $11.30 per share, for a total transaction of $113,000.00. Following the transaction, the director now owns 161,474 shares in the company, valued at approximately $1,824,656.20. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 4,970 shares of company stock worth $54,863. 1.10% of the stock is owned by company insiders.

Northwest Bancshares Trading Up 0.7 %

NASDAQ:NWBI opened at $10.75 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $11.04 and a 200-day simple moving average of $11.59. Northwest Bancshares, Inc. has a 12 month low of $9.80 and a 12 month high of $13.07. The company has a market capitalization of $1.37 billion, a P/E ratio of 10.44 and a beta of 0.64.

Northwest Bancshares (NASDAQ:NWBIGet Free Report) last issued its quarterly earnings results on Monday, April 22nd. The savings and loans company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $188.20 million during the quarter, compared to analysts’ expectations of $132.80 million. Northwest Bancshares had a return on equity of 8.77% and a net margin of 17.84%. On average, equities research analysts anticipate that Northwest Bancshares, Inc. will post 0.92 earnings per share for the current year.

Northwest Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, May 2nd were given a $0.20 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $0.80 dividend on an annualized basis and a yield of 7.44%. Northwest Bancshares’s dividend payout ratio is currently 77.67%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 target price (down from $13.00) on shares of Northwest Bancshares in a research report on Tuesday, April 23rd. Piper Sandler cut their price objective on shares of Northwest Bancshares from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, April 23rd.

View Our Latest Report on NWBI

Northwest Bancshares Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NWBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northwest Bancshares, Inc. (NASDAQ:NWBIFree Report).

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

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