Notable Mover: Will Northwest Bancshares, Inc. Run Out of Steam Soon?

Notable Mover: Will Northwest Bancshares, Inc. Run Out of Steam Soon?

The stock of Northwest Bancshares, Inc. (NASDAQ:NWBI) reached all time high today, Nov, 10 and still has $22.50 target or 33.00% above today’s $16.92 share price. This indicates more upside for the $1.80B company. This technical setup was reported by Barchart.com. If the $22.50 PT is reached, the company will be worth $594.00 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 204,581 shares traded hands. Northwest Bancshares, Inc. (NASDAQ:NWBI) has risen 24.96% since April 8, 2016 and is uptrending. It has outperformed by 19.31% the S&P500.

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 stock of Northwest Bancshares, Inc. (NASDAQ:NWBI) has “Mkt Perform” rating given on Wednesday, October 26 by FBR Capital. The stock of Northwest Bancshares, Inc. (NASDAQ:NWBI) has “Market Perform” rating given on Tuesday, September 13 by Wood. The firm earned “Hold” rating on Tuesday, September 22 by Zacks. On Thursday, June 2 the stock rating was initiated by FBR Capital with “Market Perform”. RBC Capital Markets maintained Northwest Bancshares, Inc. (NASDAQ:NWBI) rating on Monday, May 2. RBC Capital Markets has “Outperform” rating and $15 price target.

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 decreased to 1.05 in 2016 Q2. Its down 0.48, from 1.53 in 2016Q1. The ratio turned negative, 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.
The Iowa-based Principal Financial Inc has invested 0.02% in Northwest Bancshares, Inc. (NASDAQ:NWBI). Blackrock Institutional Tru Company Na reported 2.67 million shares or 0.01% of all its holdings. Great West Life Assurance Can accumulated 0% or 7,739 shares. Salzhauer Michael owns 53,514 shares or 0.64% of their US portfolio. The Quebec – Canada-based Pub Sector Pension Board has invested 0.01% in Northwest Bancshares, Inc. (NASDAQ:NWBI). Martingale Asset Management Lp reported 59,629 shares or 0.01% of all its holdings. State Board Of Administration Of Florida Retirement System has 91,564 shares for 0% of their US portfolio. Brandywine Global Investment Mgmt owns 412,892 shares or 0.04% of their US portfolio. Moreover, Manufacturers Life Ins Company The has 0% invested in Northwest Bancshares, Inc. (NASDAQ:NWBI) for 61,924 shares. Arizona State Retirement Sys owns 52,911 shares or 0.01% of their US portfolio. Blackrock Advsr Ltd Liability Com has invested 0.01% of its portfolio in Northwest Bancshares, Inc. (NASDAQ:NWBI). State Street Corp holds 0% or 2.06M shares in its portfolio. Kennedy Cap Mngmt has 0.09% invested in the company for 308,395 shares. Alliancebernstein Limited Partnership holds 0% or 157,547 shares in its portfolio. The New York-based Amalgamated National Bank & Trust has invested 0.01% in Northwest Bancshares, Inc. (NASDAQ:NWBI).

Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 8 insider sales for $1.39 million net activity. $36,900 worth of shares were sold by McTavish Julia W on Friday, May 27. SMELKO MICHAEL G had sold 10,125 shares worth $151,643. 14,061 shares were sold by Ritzert Gerald J, worth $200,185 on Wednesday, May 11. On Tuesday, June 14 the insider Young Andrew sold $121,040. $11,440 worth of Northwest Bancshares, Inc. (NASDAQ:NWBI) shares were bought by McKnight William F. HARVEY WILLIAM W had sold 12,937 shares worth $191,095 on Wednesday, May 25. WESTERBURG DAVID E had sold 20,250 shares worth $293,042 on Friday, May 20.

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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