Bag This Cheap 4.1% Yielder Even Lower Than Director Hunter Did

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 17, Northwest Bancshares, Inc. 's Director, Timothy M. Hunter, invested $15,700.00 into 1,000 shares of NWBI, for a cost per share of $15.70. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of Northwest Bancshares, Inc. (Symbol: NWBI) and achieve a cost basis 1.1% cheaper than Hunter, with shares changing hands as low as $15.53 per share. Northwest Bancshares, Inc. shares are currently trading up about 0.2% on the day. The chart below shows the one year performance of NWBI shares, versus its 200 day moving average:

Northwest Bancshares, Inc. Chart

Looking at the chart above, NWBI's low point in its 52 week range is $14.95 per share, with $19.10 as the 52 week high point - that compares with a last trade of $15.57. By comparison, below is a table showing the prices at which NWBI insider buying was recorded over the last six months:

08/17/2017Timothy M. HunterDirector1,000$15.70$15,700.00

The current annualized dividend paid by Northwest Bancshares, Inc. is $0.64/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 08/01/2017. Below is a long-term dividend history chart for NWBI, which can be of good help in judging whether the most recent dividend with approx. 4.1% annualized yield is likely to continue.


NWBI makes up 1.30% of the PowerShares S&P SmallCap Quality Portfolio ETF (Symbol: XSHQ)

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders ยป

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Options
Referenced Symbols: NWBI , XSHQ

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