U.S. Markets closed
  • S&P 500

    3,465.39
    +11.90 (+0.34%)
     
  • Dow 30

    28,335.57
    -28.09 (-0.10%)
     
  • Nasdaq

    11,548.28
    +42.28 (+0.37%)
     
  • Russell 2000

    1,640.50
    +10.25 (+0.63%)
     
  • Crude Oil

    39.78
    -0.86 (-2.12%)
     
  • Gold

    1,903.40
    -1.20 (-0.06%)
     
  • Silver

    24.70
    -0.01 (-0.04%)
     
  • EUR/USD

    1.1868
    +0.0042 (+0.3560%)
     
  • 10-Yr Bond

    0.8410
    -0.0070 (-0.83%)
     
  • Vix

    27.55
    -0.56 (-1.99%)
     
  • GBP/USD

    1.3038
    -0.0042 (-0.3207%)
     
  • USD/JPY

    104.7200
    -0.1200 (-0.1145%)
     
  • BTC-USD

    12,964.29
    -347.84 (-2.61%)
     
  • CMC Crypto 200

    260.05
    -1.40 (-0.54%)
     
  • FTSE 100

    5,860.28
    +74.63 (+1.29%)
     
  • Nikkei 225

    23,516.59
    +42.32 (+0.18%)
     

Independent Director Timothy Hunter Just Bought Shares In Northwest Bancshares, Inc. (NASDAQ:NWBI)

Simply Wall St
·3 mins read

Investors who take an interest in Northwest Bancshares, Inc. (NASDAQ:NWBI) should definitely note that the Independent Director, Timothy Hunter, recently paid US$15.82 per share to buy US$158k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 29%.

Check out our latest analysis for Northwest Bancshares

Northwest Bancshares Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Independent Director, Robert Campana, sold US$187k worth of shares at a price of US$17.03 per share. So what is clear is that an insider saw fit to sell at around the current price of US$15.69. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Timothy Hunter bought 24.00k shares over the last 12 months at an average price of US$16.51. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

NasdaqGS:NWBI Recent Insider Trading, February 10th 2020
NasdaqGS:NWBI Recent Insider Trading, February 10th 2020

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of Northwest Bancshares

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Northwest Bancshares insiders own 1.5% of the company, worth about US$25m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Northwest Bancshares Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in Northwest Bancshares shares, given these transactions (along with notable insider ownership of the company). Of course, the future is what matters most. So if you are interested in Northwest Bancshares, you should check out this free report on analyst forecasts for the company.

Of course Northwest Bancshares may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.