Northwest Bancshares director Deborah Chadsey sells $91,441 in stock

In recent transactions disclosed by Northwest Bancshares, Inc. (NASDAQ:NWBI), a $1.61 billion regional bank known for its 31-year track record of consistent dividend payments, Deborah J. Chadsey, a director of the company, sold 7,200 shares of common stock on May 13, 2025. The shares were sold at an average price of $12.7002, amounting to a total transaction value of $91,441. According to InvestingPro, the stock currently trades at $12.57, suggesting slight undervaluation based on their Fair Value model. This sale followed an acquisition of the same number of shares through stock options exercised at $12.37 per share, totaling $89,064. After these transactions, Chadsey holds 42,851 shares directly in the company, which currently offers a substantial 6.31% dividend yield. InvestingPro analysis reveals several additional positive indicators, including strong shareholder returns and upward earnings revisions by analysts. For deeper insights into NWBI’s insider trading patterns and comprehensive financial analysis, access the full Pro Research Report available on InvestingPro.

In other recent news, Northwest Bancshares reported impressive first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.35 compared to the forecasted $0.24. The company also reported revenue of $156.17 million, exceeding the projected $142.16 million, marking a 19% increase year-over-year. This strong performance resulted in a 48% rise in net income, attributed to an expanded net interest margin and a strategic focus on commercial lending. Northwest Bancshares is also preparing for a significant merger with Penns Woods, expected to close in late July, which would position it among the top 100 US banks by assets. In leadership changes, Timothy M. Hunter has been appointed as the new Non-Executive Chairman of the board, succeeding Timothy B. Fannin. Analysts from Raymond (NSE:RYMD) James and KBW discussed the company’s strategic initiatives and expressed cautious optimism about its loan pipelines and commercial loan build-out. The company remains focused on managing expenses and exploring new commercial verticals while preparing for potential Federal Reserve rate cuts later in the year.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.