The EVP-Chief Information Officer of Northwest Bancshares (NWBI) is Buying Shares

Today, the EVP-Chief Information Officer of Northwest Bancshares (NASDAQ: NWBI), Andrew Young, bought shares of NWBI for $42.08K.

Following this transaction Andrew Young’s holding in the company was increased by 6.86% to a total of $1.34 million. In addition to Andrew Young, 7 other NWBI executives reported Buy trades in the last month.

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Based on Northwest Bancshares’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $111 million and quarterly net profit of $24.99 million. In comparison, last year the company earned revenue of $109 million and had a net profit of $17.75 million. NWBI’s market cap is $1.81B and the company has a P/E ratio of 17.87. Currently, Northwest Bancshares has an average volume of 122.8K.

Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $16.25, reflecting a 8.6% upside.

In the last 30 days, insiders have sold $869.5K worth of NWBI shares and purchased $1.65M worth of NWBI shares. The insider sentiment on Northwest Bancshares has been neutral according to 54 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Northwest Bancshares, Inc. is a holding company. It provides retail and business banking products as well as investment management and trust services. The company operates the through following segments: Community Banking and Consumer Finance.