Northwest Bancshares Stock Rating Upgraded by Zacks (NWBI)
Northwest Bancshares (NASDAQ:NWBI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a $16.10 target price on the stock. Zacks‘ price target would indicate a potential upside of 8.93% from the stock’s previous close.
Shares of Northwest Bancshares (NASDAQ:NWBI) traded up 0.07% on Wednesday, hitting $14.78. The stock had a trading volume of 376,563 shares. Northwest Bancshares has a one year low of $11.98 and a one year high of $15.05. The stock’s 50-day moving average is $14.5 and its 200-day moving average is $13.92. The company has a market cap of $1.392 billion and a P/E ratio of 21.47.
Northwest Bancshares (NASDAQ:NWBI) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. During the same quarter in the previous year, the company posted $0.17 earnings per share.
Northwest Bancshares, Inc is a savings and loan holding company. The primary activity of the Company is the ownership of all of the issued and outstanding common stock of Northwest Savings Bank, a chartered savings bank (NASDAQ:NWBI).
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