Northwest Bancshares (NWBI) was Initiated by FBR Capital to “Mkt Perform” and the brokerage firm has set the Price Target at $14. FBR Capital advised their investors in a research report released on Jun 2, 2016.
Many Wall Street Analysts have commented on Northwest Bancshares. 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 opened for trading at $14.71 and hit $14.79 on the upside on Friday, eventually ending the session at $14.79, with a gain of 0.54% or 0.08 points. The heightened volatility saw the trading volume jump to 4,43,109 shares. Company has a market cap of $1,506 M.
In a different news, on May 31, 2016, Julia W Mctavish (Exec. V. P., Human Resources) sold 2,500 shares at $14.76 per share price. According to the SEC, on May 27, 2016, William W Harvey (Sr. EVP & CFO) sold 12,937 shares at $14.77 per share price. On May 27, 2016, Gerald J Ritzert (EVP Finance and Controller) sold 10,125 shares at $14.74 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.