Northwest Bancshares, Inc. (NWBI): Philip M Tredway , director of Northwest Bancshares, Inc. sold 10,468 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $13.77 per share for a total value of $144,144.36 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 7, 2015, Julia W Mctavish (Exec. V. P., Human Resources) sold 1,687 shares at $13.90 per share price.On Dec 3, 2015, William W Harvey (Sr. EVP & CFO) sold 12,937 shares at $13.99 per share price.Also, On Nov 23, 2015, David E Westerburg (EVP Chief Operations Officer) sold 10,100 shares at $13.75 per share price.On Nov 23, 2015, Michael G Smelko (Exec. V.P., Chief Credit Off.) sold 2,030 shares at $13.74 per share price.
Shares of Northwest Bancshares (NWBI) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.02 points or -0.14% at $13.95 with 6,16,469 shares getting traded. Post opening the session at $13.84, the shares hit an intraday low of $13.76 and an intraday high of $14.02 and the price vacillated in this range throughout the day. The company has a market cap of $1,420 M and the number of outstanding shares has been calculated to be 10,17,75,187 shares. The 52-week high of Northwest Bancshares is $14.185 and the 52-week low is $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.