Boenning & Scattergood Keeps a Hold Rating on Northwest Bancshares

By Ryan Adsit

In a report released today, Matthew Schultheis from Boenning & Scattergood maintained a Hold rating on Northwest Bancshares (NASDAQ: NWBI). The company’s shares opened today at $17.73, close to its 52-week high of $17.99.

According to TipRanks.com, Schultheis is a 4-star analyst with an average return of 10.2% and a 79.3% success rate. Schultheis covers the Financial sector, focusing on stocks such as Orrstown Financial Services Inc, Citizens Financial Services Inc, and Provident Financial Services.

Northwest Bancshares has an analyst consensus of Moderate Sell, with a price target consensus of $16.25.

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Northwest Bancshares’ market cap is currently $1.81B and has a P/E ratio of 17.82. The company has a Price to Book ratio of 1.49.

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Northwest Bancshares, Inc. is a holding company. It provides retail and business banking products as well as investment management and trust services. The company operates the through following segments: Community Banking and Consumer Finance.