Today: Robeco Institutional Asset Management B.V. Holds Stake in Northwest Bancshares Inc. (NWBI)

Today: Robeco Institutional Asset Management B.V. Holds Stake in Northwest Bancshares Inc. (NWBI)

Robeco Institutional Asset Management B.V. held its position in shares of Northwest Bancshares Inc. (NASDAQ:NWBI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,835,285 shares of the company’s stock at the end of the third quarter. Robeco Institutional Asset Management B.V. owned about 1.81% of Northwest Bancshares worth $28,831,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its stake in shares of Northwest Bancshares by 0.4% in the third quarter. Louisiana State Employees Retirement System now owns 45,300 shares of the company’s stock worth $712,000 after buying an additional 200 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Northwest Bancshares by 0.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 34,971 shares of the company’s stock worth $519,000 after buying an additional 215 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Northwest Bancshares by 0.3% in the third quarter. Texas Permanent School Fund now owns 78,098 shares of the company’s stock worth $1,227,000 after buying an additional 218 shares in the last quarter. Commonwealth Equity Services Inc raised its stake in shares of Northwest Bancshares by 1.1% in the second quarter. Commonwealth Equity Services Inc now owns 20,207 shares of the company’s stock worth $300,000 after buying an additional 220 shares in the last quarter. Finally, Miles Capital Inc. raised its stake in shares of Northwest Bancshares by 1.5% in the second quarter. Miles Capital Inc. now owns 22,492 shares of the company’s stock worth $334,000 after buying an additional 325 shares in the last quarter. Institutional investors own 67.59% of the company’s stock.

Northwest Bancshares Inc. (NASDAQ:NWBI) opened at 18.37 on Monday. Northwest Bancshares Inc. has a one year low of $11.77 and a one year high of $18.38. The company has a market cap of $1.86 billion, a P/E ratio of 44.80 and a beta of 0.55. The company has a 50-day moving average of $16.36 and a 200 day moving average of $15.31.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Thursday, November 3rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, November 1st. This represents a $0.60 annualized dividend and a yield of 3.27%. Northwest Bancshares’s dividend payout ratio (DPR) is 146.35%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Northwest Bancshares from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Friday, October 28th. FBR & Co boosted their price objective on shares of Northwest Bancshares from $15.00 to $16.00 and gave the company a “mkt perform” rating in a research report on Wednesday, October 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Northwest Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Tuesday, September 13th.

In other Northwest Bancshares news, CFO William W. Harvey sold 9,286 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $17.75, for a total value of $164,826.50. Following the completion of the sale, the chief financial officer now directly owns 143,158 shares in the company, valued at $2,541,054.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan P. Scalise sold 8,720 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $17.98, for a total transaction of $156,785.60. Following the completion of the sale, the executive vice president now owns 19,723 shares of the company’s stock, valued at $354,619.54. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

Northwest Bancshares Company Profile

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