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By Dividend Channel Staff, Tuesday, December 17, 10:59 AM ET
Play Video: The Importance of Insider Buying

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In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Northwest Bancshares, Inc. (NASDAQ:NWBI), which saw buying by Director Timothy M. Hunter.

Back on November 6, Hunter invested $169,388.00 into 10,000 shares of NWBI, for a cost per share of $16.94. In trading on Tuesday, bargain hunters could buy shares of Northwest Bancshares, Inc. (NASDAQ:NWBI) and achieve a cost basis 1.5% cheaper than Hunter, with shares changing hands as low as $16.69 per share. Northwest Bancshares, Inc. shares are currently trading +0.21% 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 $15.46 per share, with $18.81 as the 52 week high point — that compares with a last trade of $16.73. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/06/2019 Timothy M. Hunter Director 10,000 $16.94 $169,388.00

The DividendRank report noted that among the coverage universe, NWBI shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent NWBI share price of $16.695 represents a price-to-book ratio of 1.3 and an annual dividend yield of 4.31% — by comparison, the average company in Dividend Channel's coverage universe yields 4.2% and trades at a price-to-book ratio of 2.2. The report also cited the strong quarterly dividend history at Northwest Bancshares, Inc. , and favorable long-term multi-year growth rates in key fundamental data points.

The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''

The annualized dividend paid by Northwest Bancshares, Inc. is $0.72/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/31/2019. Below is a long-term dividend history chart for NWBI, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.

This Article's Word Cloud:   Bancshares   Channel   Director   Dividend   DividendRank   Hunter   Insider   NWBI   Northwest   Timothy   also   attractive   average   below   book   both   buying   chart   companies   company   comparison   cost   coverage   currently   dividend   escape   fillColor   find   have   history   insider   investors   last   long   maybe   mdash   metrics   most   price   recent   report   share   shares   that   they   trading   universe   valuation   which   with

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