Extremely important positive changes in investment behavior have recently occurred for Northwest Bancshares Inc (NASDAQ: NWBI): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Northwest Bancshares Inc (NASDAQ: NWBI). Marginal positive changes in fundamentals have recently occurred: significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
NWBI is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Northwest Bancshares has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Northwest Bancshares has a slightly positive Appreciation Score of 60 but a slightly negative Power Rating of 38, with the Neutral Value Trend Rating the result.
Recent Price Action
On 6/28/24, Northwest Bancshares Inc (NASDAQ: NWBI) stock enjoyed a large increase of 2.8%, closing at $11.55. Moreover, trading volume in this advance was exceptionally high at 252% of normal. Relative to the market the stock has been weak over the last nine months but has risen 6.0% during the last week.
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