Northwest Bancshares, Inc. (NWBI): David E Westerburg , EVP Chief Operations Officer of Northwest Bancshares, Inc. sold 20,250 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $14.47 per share for a total value of $293,041.81 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 19, 2016, Deborah J Esq. Chadsey (director) purchased 1,400 shares at $11.77 per share price.On May 16, 2016, William F Mcknight (director) purchased 800 shares at $14.30 per share price.Also, On May 12, 2016, Gerald J Ritzert (EVP Finance and Controller) sold 14,061 shares at $14.24 per share price.On May 5, 2016, Philip M Tredway (director) sold 10,468 shares at $13.77 per share price.
Northwest Bancshares: On Friday, May 20, 2016 heightened volatility was witnessed in Northwest Bancshares which led to swings in the share price. The shares opened for trading at $14.39 and hit $14.54 on the upside , eventually ending the session at $14.495, with a gain of 0.80% or 0.115 points. The heightened volatility saw the trading volume jump to 5,03,208 shares. The 52-week high of the share price is $14.54 and the company has a market cap of $1,476,374 M . The 52-week low of the share price is at $11.775.
Company has been under the radar of several Street Analysts.Northwest Bancshares is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 15 from a previous price target of $14 .The Rating was issued on May 2, 2016.
Northwest Bancshares Inc. 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 operates through two segments: Community Banking and Consumer Finance. Its 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 wholly owned subsidiary Northwest Consumer Discount Company it also offers consumer finance loans. The Company provides banking services approximately through 182 branch locations and 297 automated teller machines (ATMs) in four states. It operates over 51 consumer finance offices in Pennsylvania through its subsidiary Northwest Consumer Discount Company.