Thrivent Financial for Lutherans Trims Holdings in Northwest Bancshares, Inc. (NASDAQ:NWBI)

Thrivent Financial for Lutherans lessened its stake in Northwest Bancshares, Inc. (NASDAQ:NWBI - Free Report) by 42.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 105,648 shares of the savings and loans company's stock after selling 77,117 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Northwest Bancshares worth $1,220,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NWBI. Sei Investments Co. acquired a new position in shares of Northwest Bancshares in the 2nd quarter valued at about $140,000. Intech Investment Management LLC acquired a new position in shares of Northwest Bancshares in the 2nd quarter valued at about $251,000. Mercer Global Advisors Inc. ADV lifted its stake in shares of Northwest Bancshares by 7.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 31,238 shares of the savings and loans company's stock valued at $361,000 after purchasing an additional 2,081 shares during the period. HBK Sorce Advisory LLC raised its stake in Northwest Bancshares by 12.2% during the 2nd quarter. HBK Sorce Advisory LLC now owns 19,203 shares of the savings and loans company's stock worth $222,000 after buying an additional 2,091 shares during the period. Finally, American Century Companies Inc. raised its stake in Northwest Bancshares by 148.3% during the 2nd quarter. American Century Companies Inc. now owns 1,225,917 shares of the savings and loans company's stock worth $14,159,000 after buying an additional 732,172 shares during the period. Institutional investors own 66.32% of the company's stock.

Insiders Place Their Bets

In other Northwest Bancshares news, COO William W. Harvey sold 13,614 shares of the firm'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 completion of the sale, the chief operating officer now directly owns 208,302 shares of the company's stock, valued at $2,953,722.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, COO William W. Harvey sold 13,614 shares of Northwest Bancshares 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 completion of the transaction, the chief operating officer now directly owns 208,302 shares in the company, valued at approximately $2,953,722.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John P. Meegan sold 7,200 shares of Northwest Bancshares stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $14.16, for a total value of $101,952.00. Following the completion of the transaction, the director now owns 76,324 shares of the company's stock, valued at approximately $1,080,747.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Northwest Bancshares Stock Up 1.0 %

NWBI stock traded up $0.13 during trading on Friday, reaching $12.99. 507,202 shares of the stock were exchanged, compared to its average volume of 730,245. The firm's 50 day moving average is $13.31 and its 200 day moving average is $12.04. Northwest Bancshares, Inc. has a twelve month low of $9.80 and a twelve month high of $14.55. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.65 billion, a P/E ratio of 12.61 and a beta of 0.62.

Northwest Bancshares (NASDAQ:NWBI - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. Northwest Bancshares had a return on equity of 8.72% and a net margin of 14.28%. The company had revenue of $97.99 million for the quarter, compared to analyst estimates of $133.77 million. As a group, research analysts forecast that Northwest Bancshares, Inc. will post 0.97 EPS for the current year.

Northwest Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 2nd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend was Friday, August 2nd. Northwest Bancshares's dividend payout ratio is currently 77.67%.

About Northwest Bancshares

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.