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Insider Bets Paying Off At NWBI As New 52-Week High Reached

By Market News Video Staff, Friday, March 5, 1:21 PM ET
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In trading on Friday, shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) touched a new 52-week high of $14.97/share. That's a 75.70% rise, or $6.45 per share from the 52-week low of $8.52 set back on 05/14/2020. That means at today's intraday high, any investor who purchased NWBI stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, NWBI has seen 2 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
10/28/2020 Mark T. Reitzes Sr. EVP Commercial Banking 3,000 $10.42 $31,260.00
11/05/2020 Timothy M. Hunter Director 10,000 $10.55 $105,500.00
11/19/2020 Mark T. Reitzes Sr. EVP Commercial Banking 1,700 $11.73 $19,933.18
02/09/2021 Timothy M. Hunter Director 10,000 $13.50 $134,970.00
02/18/2021 Mark T. Reitzes Sr. EVP Commercial Banking 9,200 $13.62 $125,272.72
02/19/2021 Mark T. Reitzes Sr. EVP Commercial Banking 1,725 $13.80 $23,813.62
02/17/2021 Mark T. Reitzes Sr. EVP Commercial Banking 3,650 $13.73 $50,114.50
02/22/2021 Mark T. Reitzes Sr. EVP Commercial Banking 2,110 $14.07 $29,696.29

The chart below shows where NWBI has traded over the past year, with the 50-day and 200-day moving averages included.

Northwest Bancshares, Inc.  Moving Averages Chart

In afternoon trading on Friday, NWBI shares are changing hands at $14.73/share, slightly below the new 52-week high.


This Article's Word Cloud:   Bancshares   Banking   Bargains   Cheaper   Commercial   Director   Friday   Hunter   Insider   Insiders   Mark   NWBI   Northwest   Over   Price   Purchased   Reitzes   Share   Shares   Start   Than   That   Timothy   Title   Value   afternoon   averages   back   been   below   bets   buying   changing   chart   company   different   from   gain   hands   handsomely   have   high   included   insiders   over   past   share   shares   trading   week
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