Northwest Bancshares (NWBI) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $14 . RBC Capital Mkts advised their investors in a research report released on May 2, 2016.
Northwest Bancshares closed down -0.17 points or -1.23% at $13.66 with 5,57,408 shares getting traded on Wednesday. Post opening the session at $13.82, the shares hit an intraday low of $13.525 and an intraday high of $13.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Dec 7, 2015, Julia W Mctavish (Exec. V. P., Human Resources) sold 1,687 shares at $13.90 per share price. According to the SEC, on Dec 3, 2015, William W Harvey (Sr. EVP & CFO) sold 12,937 shares at $13.99 per share price. On Nov 23, 2015, David E Westerburg (EVP Chief Operations Officer) sold 10,100 shares at $13.75 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.