Northwest Bancshares, Inc. (NWBI) Files Form 4 Insider Selling : Andrew Young Sells 8,425 Shares

Northwest Bancshares, Inc. (NWBI): Andrew Young , EVP Chief Information Officer of Northwest Bancshares, Inc. sold 8,425 shares on Jun 14, 2016. The Insider selling transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were sold at $14.37 per share for a total value of $121,040.29 , 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 31, 2016, Julia W Mctavish (Exec. V. P., Human Resources) sold 2,500 shares at $14.76 per share price.On May 27, 2016, William W Harvey (Sr. EVP & CFO) sold 12,937 shares at $14.77 per share price.Also, On May 27, 2016, Gerald J Ritzert (EVP Finance and Controller) sold 10,125 shares at $14.74 per share price.On May 27, 2016, Steven G Fisher (Sr. EVP, Chief Revenue Office) sold 25,874 shares at $14.83 per share price.

Shares of Northwest Bancshares (NWBI) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -0.21% at $14.29 with 3,19,688 shares getting traded. Post opening the session at $14.34, the shares hit an intraday low of $14.275 and an intraday high of $14.44 and the price vacillated in this range throughout the day. The company has a market cap of $1,455 M and the number of outstanding shares has been calculated to be 10,18,53,959 shares. The 52-week high of Northwest Bancshares is $14.89 and the 52-week low is $11.775.

Northwest Bancshares Money Flow Index Chart

Company has been under the radar of several Street Analysts.Northwest Bancshares is Initiated by FBR Capital to Mkt Perform and the brokerage firm has set the Price Target at $14. The Rating was issued on Jun 2, 2016.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.

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