Swiss National Bank boosted its position in shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) by 2.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 160,300 shares of the savings and loans company’s stock after buying an additional 3,100 shares during the period. Swiss National Bank owned about 0.16% of Northwest Bancshares worth $2,699,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its position in Northwest Bancshares by 1.4% in the first quarter. BNP Paribas Arbitrage SA now owns 24,997 shares of the savings and loans company’s stock valued at $421,000 after buying an additional 352 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Northwest Bancshares by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 1,447,006 shares of the savings and loans company’s stock valued at $24,368,000 after buying an additional 45,763 shares during the last quarter. Flinton Capital Management LLC boosted its position in Northwest Bancshares by 3.1% in the first quarter. Flinton Capital Management LLC now owns 10,388 shares of the savings and loans company’s stock valued at $175,000 after buying an additional 308 shares during the last quarter. First Trust Advisors LP boosted its position in Northwest Bancshares by 27.1% in the first quarter. First Trust Advisors LP now owns 1,347,573 shares of the savings and loans company’s stock valued at $22,693,000 after buying an additional 287,341 shares during the last quarter. Finally, Tyers Asset Management LLC boosted its position in Northwest Bancshares by 3.1% in the first quarter. Tyers Asset Management LLC now owns 8,162 shares of the savings and loans company’s stock valued at $137,000 after buying an additional 242 shares during the last quarter. 67.27% of the stock is owned by institutional investors and hedge funds.

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

Northwest Bancshares, Inc. (NASDAQ NWBI) opened at 16.20 on Friday. The company’s 50-day moving average price is $15.71 and its 200 day moving average price is $17.09. The firm has a market capitalization of $1.65 billion, a PE ratio of 33.61 and a beta of 0.62. Northwest Bancshares, Inc. has a 1-year low of $13.91 and a 1-year high of $19.10.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Thursday, May 4th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Tuesday, May 2nd. Northwest Bancshares’s dividend payout ratio (DPR) is presently 133.33%.

TRADEMARK VIOLATION NOTICE: This report was published by Financial Market News and is the sole property of of Financial Market News. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://www.financial-market-news.com/2017/06/17/swiss-national-bank-increases-position-in-northwest-bancshares-inc-nwbi.html.

Several research analysts recently commented on the company. BidaskClub raised Northwest Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. ValuEngine cut Northwest Bancshares from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Thursday, May 11th. Zacks Investment Research raised Northwest Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Finally, DA Davidson assumed coverage on Northwest Bancshares in a research note on Monday, March 6th. They set a “neutral” rating and a $18.00 target price for the company. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.60.

Northwest Bancshares Company Profile

Northwest Bancshares, Inc (Northwest) 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. Its segments include Community Banking and Consumer Finance.

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:NWBI).

Receive News & Ratings for Northwest Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.