Today’s Dividend On Watch: $0.15 dividends just around the corner for Northwest Bancshares, Inc. (NASDAQ:NWBI) shareholders.

Today's Dividend On Watch: $0.15 dividends just around the corner for Northwest Bancshares, Inc. (NASDAQ:NWBI) shareholders.

Northwest Bancshares, Inc. (NASDAQ:NWBI) is expected to pay $0.15 on Nov 17, 2016. The indicated annual dividend is $0.60. Shareholders owning the stock before Nov 1, 2016 will be eligible to receive the payout. Based on Northwest Bancshares, Inc.’s current price of $15.51, the dividend is 0.97%. This dividend’s record date is Nov 3, 2016 and the announcement date is Oct 25, 2016. The stock decreased 1.27% or $0.2 on October 28, hitting $15.51. Northwest Bancshares, Inc. (NASDAQ:NWBI) has risen 14.13% since March 29, 2016 and is uptrending. It has outperformed by 10.65% the S&P500.

Northwest Bancshares, Inc. is a savings and loan holding company. The company has a market cap of $1.55 billion. The Company’s principal business consists of attracting deposits and making loans secured by various types of collateral, including real estate and other assets in the markets in which it operates. It has a 37.51 P/E ratio. The Company’s subsidiary, Northwest Bank, is a Pennsylvania-chartered stock savings bank.

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.48, from 1.53 in 2016Q1. The ratio is negative, as 12 funds sold all Northwest Bancshares, Inc. shares owned while 50 reduced positions. 11 funds bought stakes while 54 increased positions. They now own 65.10 million shares or 1.22% less from 65.90 million shares in 2016Q1.
Invesco Limited reported 849,664 shares or 0% of all its holdings. The New Jersey-based Blackrock Invest Mngmt Ltd Liability has invested 0.01% in Northwest Bancshares, Inc. (NASDAQ:NWBI). Ladenburg Thalmann Fin Svcs holds 0% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 5,448 shares. Moreover, Barclays Public has 0% invested in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 80,969 shares. State Of Tennessee Treasury Department last reported 0.01% of its portfolio in the stock. Principal Fincl Gru Inc holds 0.02% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 729,606 shares. Los Angeles Mngmt & Equity Research Inc, a California-based fund reported 35,812 shares. Prudential Fincl reported 246,748 shares or 0.01% of all its holdings. Susquehanna International Gp Llp accumulated 159,583 shares or 0% of the stock. Wedge Cap Mngmt L Limited Partnership Nc accumulated 0.43% or 188,841 shares. Moreover, Comerica Bank has 0.03% invested in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 240,423 shares. Investors Cap Advisory holds 0.03% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 11,000 shares. Sandy Spring Retail Bank owns 7,000 shares or 0.01% of their US portfolio. Stifel Fin holds 0% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 47,163 shares. Qci Asset Inc Ny holds 0% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 800 shares.

Insider Transactions: Since May 3, 2016, the stock had 1 insider buy, and 9 sales for $1.58 million net activity. $144,144 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) shares were sold by Tredway Philip M. WESTERBURG DAVID E also sold $293,042 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) shares. $151,643 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) shares were sold by SMELKO MICHAEL G. $121,040 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) was sold by Young Andrew on Tuesday, June 14. HARVEY WILLIAM W sold 12,937 shares worth $191,095. Ritzert Gerald J had sold 10,125 shares worth $149,226 on Thursday, May 26. FISHER STEVEN G had sold 25,874 shares worth $383,683.

Northwest Bancshares, Inc. (NASDAQ:NWBI) Ratings Coverage

Out of 4 analysts covering Northwest Bancshares (NASDAQ:NWBI), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $16 is the highest target while $15 is the lowest. The $15.33 average target is -1.16% below today’s ($15.51) stock price. Northwest Bancshares has been the topic of 5 analyst reports since September 22, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Tuesday, September 13 by Wood. The rating was downgraded by Zacks on Tuesday, September 22 to “Hold”. The stock of Northwest Bancshares, Inc. (NASDAQ:NWBI) has “Outperform” rating given on Monday, May 2 by RBC Capital Markets. FBR Capital initiated the shares of NWBI in a report on Thursday, June 2 with “Market Perform” rating. As per Wednesday, October 26, the company rating was maintained by FBR Capital.

More notable recent Northwest Bancshares, Inc. (NASDAQ:NWBI) news were published by: Prnewswire.com which released: “Northwest Bancshares, Inc. to Acquire $1.7 Billion in Deposits and 18 First …” on April 28, 2016, also Prnewswire.com with their article: “Northwest Bancshares, Inc. Completes Merger with LNB Bancorp, Inc.” published on August 14, 2015, Prnewswire.com published: “Northwest Bancshares, Inc. Announces Third Quarter 2016 Earnings and Quarterly …” on October 24, 2016. More interesting news about Northwest Bancshares, Inc. (NASDAQ:NWBI) were released by: Prnewswire.com and their article: “Northwest Bancshares, Inc. Selects Robert Campana To Serve As Director …” published on July 16, 2015 as well as Reuters.com‘s news article titled: “BRIEF-Northwest Bancshares, Inc says Q3 earnings per share $0.14” with publication date: October 24, 2016.

NWBI Company Profile

Northwest Bancshares, Inc. (Northwest), incorporated on September 8, 2009, is a savings and loan holding company. The Company’s principal business consists of attracting deposits and making loans secured by various types of collateral, including real estate and other assets in the markets in which it operates. The Company’s subsidiary, Northwest Bank, is a Pennsylvania-chartered stock savings bank. Northwest Bank is a community-oriented financial institution, offering personal and business banking solutions, investment management and trust services and insurance products. Through a subsidiary, Northwest Consumer Discount Company, it also offers consumer finance loans.

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