In a report released today, Matthew Schultheis from Boenning & Scattergood maintained a Hold rating on Northwest Bancshares (NWBI). The company’s shares opened today at $17.03.
Schultheis observed:
“We suspect the split in valuation is partially explained by a lingering effect of being a demutualized thrift with the market giving some credit to the P/E for undeployed capital. We suggest investors looking for dividend yield (4.2%) consider the shares at current levels.”
According to TipRanks.com, Schultheis is a 3-star analyst with an average return of 3.7% and a 54.5% success rate. Schultheis covers the Financial sector, focusing on stocks such as Orrstown Financial Services Inc, Citizens Financial Services Inc, and Union Bankshares Corporation.
The word on The Street in general, suggests a Hold analyst consensus rating for Northwest Bancshares.
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The company has a one-year high of $18.81 and a one-year low of $15.50. Currently, Northwest Bancshares has an average volume of 550.4K.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is neutral on the stock.
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Northwest Bancshares, Inc. is a holding company. It offers personal & business banking products including employee benefits, investment management services, insurance and trust. It engages in collecting deposits and making loans secured by various types of collateral, including real estate and other assets.
