NWBI CEO Torchio buys 3,500 shares at $12.16; holds 171,341 shares post-transaction, up 2.1% from prior position
President & CEO Louis J Torchio purchased 3,500 shares of Northwest Bancshares at $12.16 on 2026-03-06, bringing total holdings to 171,341 shares. The stock currently trades at $12.31, down 7.7% over the past 30 days and 9.0% from its 52-week high of $13.53. At the same-ticker level, Torchio's prior two purchases at NWBI generated mixed results: the May 2024 buy delivered a 90-day return of +29.2%, while the August 2023 purchase saw a 90-day return of -0.3%, with only one of the two prior buys showing strong follow-through. The CEO's cross-ticker track record shows 2 prior open-market purchases with an average 90-day return of +14.4%, though that win rate stands at 50.00%. The company trades at a P/E of 12.96 on net income of $3.2M and a market cap of $1.8B. This buy occurs as the stock sits near intermediate weakness, offering limited near-term price momentum to validate the trade's timing.