Creative Planning Has $170,000 Stock Holdings in Northwest Bancshares, Inc. (NASDAQ:NWBI)

Creative Planning increased its holdings in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,699 shares of the savings and loans company’s stock after buying an additional 851 shares during the period. Creative Planning’s holdings in Northwest Bancshares were worth $170,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position 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 period. Innealta Capital LLC acquired a new stake in Northwest Bancshares during the 2nd quarter worth approximately $61,000. Northwestern Mutual Wealth Management Co. boosted its position in 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 buying an additional 2,304 shares during the period. CWM LLC boosted 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 buying an additional 2,249 shares during the period. Finally, Sei Investments Co. acquired a new stake in Northwest Bancshares during the 2nd quarter worth approximately $140,000. 66.32% of the stock is currently owned by institutional investors and hedge funds.

Northwest Bancshares Stock Up 3.0 %

NASDAQ:NWBI opened at $14.96 on Tuesday. The company has a market cap of $1.90 billion, a PE ratio of 19.68 and a beta of 0.62. Northwest Bancshares, Inc. has a one year low of $10.45 and a one year high of $15.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50 day simple moving average is $13.39 and its 200 day simple moving average is $12.46.

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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $199.21 million for the quarter, compared to the consensus estimate of $140.80 million. Northwest Bancshares had a net margin of 13.19% and a return on equity of 8.24%. During the same quarter in the previous year, the company earned $0.31 EPS. On average, research analysts anticipate that Northwest Bancshares, Inc. will post 1.02 earnings per share for the current year.

Northwest Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a $0.20 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.35%. Northwest Bancshares’s dividend payout ratio (DPR) is currently 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.