Northwest Bancshares chief legal counsel sells $111,543 in stock

Richard K. Laws, Chief Legal Counsel and Corporate Secretary at Northwest Bancshares, Inc. (NASDAQ:NWBI), recently executed a significant stock transaction. On June 6, 2025, Laws sold 9,010 shares of the company’s common stock at an average price of $12.38 per share, totaling $111,543. The regional bank, currently valued at $1.61 billion, trades at a P/E ratio of ~14x and according to InvestingPro analysis, appears undervalued relative to its Fair Value.

In addition to the sale, Laws exercised stock options to acquire 10,733 shares at $9.71 per share, amounting to $104,217. Following these transactions, Laws holds 63,486 shares directly. These transactions are part of regular financial activities and provide insight into insider trading within the company. Notable for investors, NWBI maintains a substantial 6.44% dividend yield and has consistently paid dividends for 31 consecutive years. For deeper insights into insider trading patterns and additional InvestingPro indicators, including 6 more exclusive ProTips, explore the comprehensive Pro Research Report available for this stock.

In other recent news, Northwest Bancshares, Inc. reported strong first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share of $0.35 against the forecasted $0.24. The company also exceeded revenue projections, reporting $156.17 million compared to the anticipated $142.16 million. This performance marks a significant 48% increase in net income year-over-year, attributed to an expanded net interest margin and a strategic focus on commercial lending. In leadership developments, Timothy M. Hunter has been appointed as the new Non-Executive Chairman of Northwest Bancshares, succeeding Timothy B. Fannin. The company is also preparing for a merger with Penns Woods, anticipated to close in late July. Analysts at DA Davidson maintained a Neutral stance on Northwest Bancshares, noting a strong Pre-Provision Net Revenue due to higher Net Interest Income and controlled Operating Expenses. They have increased their 2026 earnings estimate, citing improved core Net Interest Margin and progress in commercial lending.

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