Insider Activity to Watch: Northwest Bancshares, Inc. $NWBI

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Northwest Bancshares, Inc. (NWBI) insider have most recently took part in a trading activity. On Dec 7, 2017 Hunter Timothy M, Director bought 2,000 shares having total worth of $33,500 at the price of $16.75 per share, following the transaction a total of 15,100 shares owned by Hunter Timothy M. Before this latest buy, Hunter Timothy M purchased NWBI at 2 other times during the past twelve months, for a total investment of $34,070 at an average of $17.04 per share.

The stock has experienced a total of 4 insider trades in the past three months. These trades include 3 sell activities and 1 buy trades. Furthermore, over the past 12 months , the stock was traded 12 times by insiders. In 9 of these trades, the insider was a seller while an employee of the company was the buyer in 3 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 3 4.67%
12 Month 3 9 18.55%

Shares of Northwest Bancshares, Inc. (NWBI) traded down 0.47% on Dec 6, 2017, hitting $16.81. 360,044 shares of the company’s stock traded hands. Northwest Bancshares, Inc. has a 52 week low of $14.18 and a 52 week high of $19.08. The company’s market cap is $1,600 million.

Northwest Bancshares, Inc. (NWBI) last announced its earnings results on Oct 23, 2017. The company reported 0.24 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.22 by $0.02. The company had revenue of $83 million for the quarter, compared to the consensus estimate of $83 million. During the same quarter in the previous year, the company posted 0.22 earnings per share. The company’s revenue for the quarter was up 6% on a year-over-year basis.

2017-10-23 2017-07-24 2017-04-24 2016-01-25 2015-10-26 2015-07-16 2015-04-20 2015-01-26 2014-10-17 2014-07-21
earnings per share 0.24 0.30 0.17 0.17 0.19 0.17 0.18 0.19 0.19 0.14
Revenue(M) 83.24 82.73 102.08 90.7 85.08 61.7 61.58 0 0 0

Northwest Bancshares Inc. was incorporated in September 2009 in Maryland. The Company is a community-oriented financial institution offering traditional deposit and loan products and investment management and trust services. Through a wholly-owned subsidiary, Northwest Consumer Discount Company, it also offers consumer finance loans. Its main business consists of attracting deposits from the general public and the business community and making loans secured by various types of collateral, including real estate and other consumer assets in the markets in which it operate. Attracting and maintaining deposits is affected by a number of factors, including interest rates paid on competing investments offered by other financial and non-financial institutions, account maturities, fee structures, and levels of personal income and savings. Lending activities are affected by the demand for funds and thus are influenced by interest rates, the number and quality of lenders and regional economic conditions. Sources of funds for lending activities include deposits, borrowings, repayments on loans, cash flows from investment securities and income provided from operations. The Company’s earnings depend mainly on its level of net interest income, which is the difference between interest earned on its interest-earning assets, consisting mainly of loans and investment securities, and the interest paid on interest-bearing liabilities, consisting mainly of deposits, borrowed funds, and trust-preferred securities. The Company competes with commercial banks, savings institutions, mortgage brokerage firms, credit unions, finance companies, mutual funds, insurance companies, and brokerage and investment banking firms operating locally and elsewhere. The Company’s bank, Northwest Savings Bank, is subject to extensive regulation by the Department of Banking of the Commonwealth of Pennsylvania, as its chartering agency, and by the Federal Deposit Insurance Corporation, as the insurer of its deposit accounts.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.