The stock of Northwest Bancshares, Inc. (NASDAQ:NWBI) reached all time high today, Nov, 23 and still has $19.58 target or 8.00% above today’s $18.13 share price. This indicates more upside for the $1.87B company. This technical setup was reported by Barchart.com. If the $19.58 PT is reached, the company will be worth $149.60 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 39,514 shares traded hands. Northwest Bancshares, Inc. (NASDAQ:NWBI) has risen 34.32% since April 21, 2016 and is uptrending. It has outperformed by 28.99% the S&P500.
Analysts await Northwest Bancshares, Inc. (NASDAQ:NWBI) to report earnings on January, 23. They expect $0.25 EPS, up 56.25% or $0.09 from last year’s $0.16 per share. NWBI’s profit will be $25.79 million for 18.13 P/E if the $0.25 EPS becomes a reality. After $0.22 actual EPS reported by Northwest Bancshares, Inc. for the previous quarter, Wall Street now forecasts 13.64% EPS growth.
Northwest Bancshares, Inc. (NASDAQ:NWBI) Ratings Coverage
Out of 4 analysts covering Northwest Bancshares (NASDAQ:NWBI), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Northwest Bancshares has been the topic of 5 analyst reports since September 22, 2015 according to StockzIntelligence Inc. The rating was initiated by FBR Capital on Thursday, June 2 with “Market Perform”. The firm has “Hold” rating by Zacks given on Tuesday, September 22. The rating was maintained by FBR Capital on Wednesday, October 26 with “Mkt Perform”. The firm earned “Market Perform” rating on Tuesday, September 13 by Wood. On Monday, May 2 the stock rating was maintained by RBC Capital Markets with “Outperform”.
According to Zacks Investment Research, “Northwest Bancorp, Inc. is a bank holding company whose sole activity is the ownership of all of the issued and outstanding common stock of Northwest Savings Bank and the majority ownership of Jamestown Savings Bank. Northwest Savings Bank is a stock savings bank. The bank is a community-oriented institution offering traditional deposit and loan products, and through its subsidiaries, consumer finance services.”
Insitutional Activity: The institutional sentiment increased to 1.33 in 2016 Q2. Its up 0.28, from 1.05 in 2016Q1. The ratio increased, as 12 funds sold all Northwest Bancshares, Inc. shares owned while 50 reduced positions. 11 funds bought stakes while 54 increased positions. They now own 65.10 million shares or 1.22% less from 65.90 million shares in 2016Q1.
Voya Investment Management Limited Liability Co holds 43,982 shares or 0% of its portfolio. Ladenburg Thalmann Fincl Services holds 5,448 shares or 0% of its portfolio. Cipher L P holds 163,425 shares or 0.17% of its portfolio. Hbk Sorce Advisory Limited Com accumulated 19,548 shares or 0.06% of the stock. The Switzerland-based Credit Suisse Ag has invested 0.01% in Northwest Bancshares, Inc. (NASDAQ:NWBI). Alliancebernstein L P reported 157,547 shares or 0% of all its holdings. Texas Permanent School Fund has 77,880 shares for 0.02% of their US portfolio. Janney Montgomery Scott Ltd Liability Corporation has invested 0.03% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI). Analytic Invsts Limited Liability Company, a California-based fund reported 52,619 shares. Cibc Markets Inc reported 23,394 shares or 0% of all its holdings. National Bank Of America Corp De accumulated 164,309 shares or 0% of the stock. The Guernsey-based Airain Ltd has invested 0.01% in Northwest Bancshares, Inc. (NASDAQ:NWBI). The Michigan-based Ls Invest Advisors Limited Liability Corporation has invested 0% in Northwest Bancshares, Inc. (NASDAQ:NWBI). Comerica Savings Bank has 240,423 shares for 0.03% of their US portfolio. Price T Rowe Associates Md accumulated 0% or 53,379 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 9 sales for $2.39 million net activity. 12,937 shares were sold by HARVEY WILLIAM W, worth $191,095. On Monday, November 21 the insider Tredway Philip M sold $173,609. McTavish Julia W sold $335,089 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) on Tuesday, November 15. FISHER STEVEN G sold $320,836 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) on Thursday, November 10. SMELKO MICHAEL G sold $151,643 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) on Monday, August 1. Scalise Jonathan P also sold $156,812 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) on Monday, November 14. Ritzert Gerald J had sold 10,607 shares worth $186,513.
More important recent Northwest Bancshares, Inc. (NASDAQ:NWBI) news were published by: Prnewswire.com which released: “Northwest Bancshares, Inc. Completes Merger with LNB Bancorp, Inc.” on August 14, 2015, also Prnewswire.com published article titled: “Northwest Bancshares, Inc. Announces Third Quarter 2016 Earnings and Quarterly …”, Prnewswire.com published: “Northwest Bancshares, Inc. to Acquire $1.7 Billion in Deposits and 18 First …” on April 28, 2016. More interesting news about Northwest Bancshares, Inc. (NASDAQ:NWBI) was released by: Prnewswire.com and their article: “Northwest Bancshares, Inc. Selects Robert Campana To Serve As Director …” with publication date: July 16, 2015.
NWBI Company Profile
Northwest Bancshares, Inc. (Northwest), incorporated on September 8, 2009, is a savings and loan holding company. The Company’s principal business consists of attracting deposits and making loans secured by various types of collateral, including real estate and other assets in the markets in which it operates. The Company’s subsidiary, Northwest Bank, is a Pennsylvania-chartered stock savings bank. Northwest Bank is a community-oriented financial institution, offering personal and business banking solutions, investment management and trust services and insurance products. Through a subsidiary, Northwest Consumer Discount Company, it also offers consumer finance loans.
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