Northwest Bancshares, Inc (NASDAQ:NWBI) has witnessed an increase in hedge funds

Boston, MA 01/07/2013 (wallstreetpr) – Shares of Northwest Bancshares, Inc (NASDAQ:NWBI) had been traded in the price range of $13.15 and $13.57 per share on Friday. The share price of the company had gradually advanced by 2.12 percent more than the previous day. The share price of Northwest Bancshares, Inc (NASDAQ:NWBI) has made an effect in the 52 week high value to reach the peak of $13.57 per share and 52 week low value is at $11.11 per share.

Northwest Bancshares, Inc (NASDAQ:NWBI) is a loan holding and savings company where the basic activity of the Company is to manage the outstanding common stock of Northwest Savings Bank and ownership of all of the issued shares of the chartered savings bank (Northwest). The two segments where the company operates are Consumer Finance and Community Banking.

In the recent months Northwest Bancshares, Inc (NASDAQ:NWBI) has witnessed an increase in hedge funds positive sentiment. The Northwest Bancshares, Inc (NASDAQ: NWBI) has held long positions in this stock with a change of 86 percent from the previous quarter. With the smart money sentiment prevailing in the market, there is a selected group of hedge fund managers who were net worthy and increasing their holdings in a meaningful way. When the market is bullish, the insider trading activity is most useful. Within the past six months, the company has experienced many forward looking transactions. Over the last 180 days time period, Northwest Bancshares, Inc (NASDAQ:NWBI) has seen 2 insider sales and 1 unique insiders buying.

The Northwest Bancshares, Inc (NASDAQ: NWBI) had a trading volume as 1.92 million shares and the average volume as 593,895 shares per day on Friday. The market capitalization value is nearly 1.27 billion on that day. The institutional ownership value is about to 63 percent with the shares outstanding at 93.74 million shares.

Published by Flavia Carruth

Hi, I am Flavia and have done my MBA with finance as specialization and a Bachelor in Economics with 4 years of experience as Financial Analyst in leading Software Firm. I have passion for article writing, report making and stock market Analysis.

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