Alert: Positive Investment/Fundamental Signals (12/8/23)-Northwest Bancshares Inc (NASDAQ: NWBI)


Recent exceptional positive changes in investment behavior have benefitted Northwest Bancshares Inc (NASDAQ: NWBI): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.

Recent minimal positive changes in fundamentals have benefitted Northwest Bancshares Inc (NASDAQ: NWBI): 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’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

Northwest Bancshares has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Northwest Bancshares has a neutral Appreciation Score of 56 and a neutral Power Rating of 49, producing the Neutral Value Trend Rating.

Recent Price Action

On 12/8/23, Northwest Bancshares Inc (NASDAQ: NWBI) stock rose modestly by 0.8%, closing at $11.87. Moreover, trading volume in this advance was exceptionally high at 219% of normal. The stock has performed in line with the market over the last nine months and has risen 6.6% during the last week.

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