Northwest Bancshares Inc (NASDAQ: NWBI) has reported earnings for its first fiscal quarter (ending March 31) of $0.23 versus $0.27 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.03 versus $1.09 for the same period a year ago.
Recent Price Action
Northwest Bancshares Inc (NASDAQ: NWBI) stock closed at $11.06 on 4/22/24 after a slight decline of -0.6%. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 2.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NWBI is expected to continue to be a Value Builder.
Northwest Bancshares has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Northwest Bancshares has a neutral Power Rating of 58 and a slightly positive Appreciation Score of 62, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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