Daymark Wealth Partners LLC Trims Stock Holdings in Northwest Bancshares, Inc. (NASDAQ:NWBI)

Daymark Wealth Partners LLC reduced its position in Northwest Bancshares, Inc. (NASDAQ:NWBI) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,666 shares of the savings and loans company’s stock after selling 2,000 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Northwest Bancshares were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Nisa Investment Advisors LLC boosted its stake 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 purchasing an additional 1,420 shares during the period. Innealta Capital LLC purchased a new stake in shares of Northwest Bancshares in the second quarter valued at about $61,000. CWM LLC boosted its stake in shares of Northwest Bancshares by 45.5% during the second 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. IVC Wealth Advisors LLC purchased a new position in shares of Northwest Bancshares during the first quarter worth about $124,000. Finally, Sei Investments Co. acquired a new position in Northwest Bancshares in the 2nd quarter valued at about $140,000. 66.32% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Northwest Bancshares

In other Northwest Bancshares news, Director John P. Meegan sold 7,200 shares of Northwest Bancshares stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $14.16, for a total value of $101,952.00. Following the sale, the director now owns 76,324 shares of the company’s stock, valued at approximately $1,080,747.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John P. Meegan sold 7,200 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $14.16, for a total value of $101,952.00. Following the completion of the sale, the director now directly owns 76,324 shares of the company’s stock, valued at approximately $1,080,747.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William W. Harvey sold 13,614 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $14.18, for a total value of $193,046.52. Following the transaction, the chief operating officer now directly owns 208,302 shares in the company, valued at approximately $2,953,722.36. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Northwest Bancshares Price Performance

NWBI opened at $13.18 on Friday. Northwest Bancshares, Inc. has a 52 week low of $9.80 and a 52 week high of $14.55. The business has a 50 day moving average price of $13.40 and a two-hundred day moving average price of $11.97. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.68 billion, a PE ratio of 12.80 and a beta of 0.62.

Northwest Bancshares (NASDAQ:NWBI) last released its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Northwest Bancshares had a return on equity of 8.72% and a net margin of 14.28%. The business had revenue of $97.99 million during the quarter, compared to analysts’ expectations of $133.77 million. As a group, research analysts anticipate that Northwest Bancshares, Inc. will post 0.97 EPS for the current year.

Northwest Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Friday, August 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.07%. The ex-dividend date was Friday, August 2nd. Northwest Bancshares’s payout ratio is 77.67%.

Northwest Bancshares 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.