Northwest Bancshares (NWBI) was Reiterated by FBR Capital to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $14 . FBR Capital advised their investors in a research report released on Jul 26, 2016.
Many Wall Street Analysts have commented on Northwest Bancshares. FBR Capital Initiated Northwest Bancshares on Jun 2, 2016 to “Mkt Perform”, Price Target of the shares are set at $14.Company shares were Reiterated by RBC Capital Mkts on May 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .
Northwest Bancshares closed down -0.06 points or -0.40% at $14.97 with 4,02,147 shares getting traded on Wednesday. Post opening the session at $15.06, the shares hit an intraday low of $14.91 and an intraday high of $15.11 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jun 16, 2016, Andrew Young (EVP Chief Information Officer) sold 8,425 shares at $14.37 per share price. According to the SEC, on May 31, 2016, Julia W Mctavish (Exec. V. P., Human Resources) sold 2,500 shares at $14.76 per share price. On May 27, 2016, William W Harvey (Sr. EVP & CFO) sold 12,937 shares at $14.77 per share price, according to the Form-4 filing with the securities and exchange commission.
Northwest Bancshares Inc. 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 operates through two segments: Community Banking and Consumer Finance. Its 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 wholly owned subsidiary Northwest Consumer Discount Company it also offers consumer finance loans. The Company provides banking services approximately through 182 branch locations and 297 automated teller machines (ATMs) in four states. It operates over 51 consumer finance offices in Pennsylvania through its subsidiary Northwest Consumer Discount Company.